Updated 11 years ago
Sold
227A Malcolm X Blvd
Bedford Stuyvesant, Brooklyn | Jefferson Ave & Hancock Street
8 Beds6 Baths4,180 Square FeetRental Property
$995,000
floors / apts3 / 3
Lot Size19'x100'
ZoneC2-4
Building TypeTownhouse
RE Taxes$5,585
Price Per SF
$238
This property was sold for $995,000 on 10/01/14.
Building Amenities
- Voice Intercom
Property Description for 227A Malcolm X Blvd
> Modern renovated 3-family in prime Bedford Stuyvesant, 2,945sf, buildable to 5,700sf.
> Good cap rate, parking with curb cut, C2-4/R6A zoning.
> Great investment purchase as a rental with room to build.
> More information and photos coming soon.
Great Bedford Stuyvesant investment purchase (projected cap rate over 9%!), or live in one apartment and pay your mortgage with two rentals. Modern three-family, 4180sf finished space, 3135sf above grade, buildable to 5,700sf. Parking with curb cut, C2-4/R6A zoning. Everything separately metered so tenants pay utilities. Three large renovated apartments - two 3BR 2baths over a duplex with garden. With minor wall movement, make duplex function as 5BR. Total projected rent roll with minor wall movement to maximize rentals over $104,000. Currently can show bottom two apartments on first showing.Apt 3 on top floor is a light and airy 1045sf 3BR 2bath with balcony and almost 10ft ceilings. Projected rent approx $2500-2600.Apt 2 on middle floor is currently configured as 1045sf 2BR+office 2Bath with balcony. Easily switched to 3BR 2bath. Projected rent approx $2500-2600.Apt 1 currently 1BR+2den 2bath duplex plus indoor garage space and patio garden. Easily converted to 3BR+2den 2bath duplex and still retain outdoor parking spot in front. Projected rent with parking approx $3200-3500.
Listing History for 227A Malcolm X Blvd
Now
10/21/2014
$995,000
Sold and Closed by Jonah Ramu Cohen
Corcoran
07/09/2014
Contract Signed by Jonah Ramu Cohen
Corcoran
Building Details for 227A Malcolm X Blvd
OwnershipRental Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Year Built2007
Floors/Apts3/3
Transit and Citi Bike
Subway
Utica Av
0.41 miles
Gates Av
0.48 miles
Citi Bike
Hancock St & Malcolm X Blvd
0.02 miles
Madison St & Malcolm X Blvd
0.14 miles
Bedford Stuyvesant | Brooklyn
Quick Profile
Known for its historic brownstones and tight-knit enclave, Bed-Stuy has increasingly left behind its early reputation for being a “bedroom community” and transcended into a highly desirable neighborhood.
Distinct for its aesthetic, it is populated with ornate buildings characterized by cornices, friezes, finials, fluting and other marks of classic architecture. Built up during the period from 1870 to 1900, its historic district runs to the north of Jefferson Avenue, to the east of Malcolm X Boulevard and to the west of Tompkins Avenue.
At one point known as “Brooklyn’s Little Harlem,” the shape of the area has shifted toward attracting a wider demographic of people thanks to the influx of bars, restaurants, antique furniture stores and vintage boutiques. More police enforcement paired with the decline of the crack epidemic at the beginning of the 2000s also opened the door for increased development, as well as the occupation of formerly abandoned buildings and spaces.
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 53380TH
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