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185 Malcolm X Blvd

185 Malcolm X Blvd, Brooklyn, NY 11221

  • For Sale Contact for pricing
  • City Brooklyn
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11221
  • Market Brooklyn
  • Property Type Mixed Use
  • Property Size 4,680 Sqft
  • Units 4
  • Lot Size 0.04 Acre
  • Year Built 1931
  • Date Updated 21 Jan, 2021

TerraCRG has been retained to exclusively represent ownership in the sale of the fully-renovated multifamily building located at 185 Malcolm X Blvd in the Bed-Stuy neighborhood of Brooklyn. The property is located between Madison Street and Putnam Avenue.

The three-family, brick building consists of three Free Market residential units and 1 vacant retail store. The residential units are full floor, four bedroom units that have

recently undergone a gut renovation and include washer/dryer, separate heating and upscale appliances.

The building has a total SF of 4,680 SF. The residential units are fully occupiedand after conservatively projecting the retail income, there is a gross projected rent roll of $163,374 and a projected NOI of $136,130. At the asking price the building represents a 5.46% cap rate and a PPSF

of ~$533.

Located on the Malcolm X Blvd retail corridor, the property provides great access to a plethora of retail including national and local retail stores such as Chez Oscar, Peaches,Nana Ramen, Casablanca Cocktail Lounge and Restoration Plaza.

The building is located a few blocks away from the Utica Avenue station, with access to both the local C train and express A train, in addition to the local J and express Z train at Gates Avenue.

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Location

  • City Brooklyn, NY
  • Neighborhood Bedford-Stuyvesant
  • Zip Code 11221
  • Market Brooklyn

Contacts

Michael Hernandez

TerraCRG

(718) 768-6888

Matt Cosentino

SYSTEM

(718) 768-6888

Eddie Laboz

SYSTEM

FREQUENTLY ASKED QUESTIONS

What is the total square footage of 185 Malcolm X Blvd?

185 Malcolm X Blvd totals 4,680 square feet.

When was this property built?

185 Malcolm X Blvd was built in 1931.

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