Brooklyn (Bedford-Stuyvesant), NY, 11233 | $1,750,000

Exceptional investment opportunity to acquire a well-positioned mixed-use building in the heart of Bedford-Stuyvesant. Combining stable in-place income with future upside, 350 Malcolm X Boulevard features a ground-floor retail space occupied by a long-term commercial tenant, complemented by two floor-through one-bedroom apartments on the upper levels. Situated along the vibrant Malcolm X Boulevard corridor, the property is surrounded by an ever-growing collection of neighborhood cafés, restaurants, and independent retailers. Local favorites include Saraghina, Peaches, L'Antagoniste, and Casablanca Cocktail Lounge, all contributing to the area's dynamic and highly desirable atmosphere. Outdoor recreation is close at hand with Fulton Park and Saratoga Park offering green space, athletic facilities, playgrounds, and community programming throughout the year. The property also enjoys convenient access to public transportation, with the A and C subway lines at Utica Avenue and the J train at Halsey Street providing straightforward access to Downtown Brooklyn and Manhattan. Offering immediate cash flow, long-term appreciation potential, and a prime location in one of Brooklyn's most sought-after neighborhoods, 350 Malcolm X Boulevard presents a rare opportunity for both seasoned investors and 1031 exchange buyers alike. Please contact us directly for a full setup of the property.

Features

  • Town: Brooklyn
  • Levels: 3
  • Rooms: 12
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Lot Size: N/A
  • Laundry: See Remarks
  • Year Built: 1901
  • Approx Sq. Feet: 3,572
  • Est. Taxes: $2,772
  • Pet Policy: Building No,No
  • Appliances: Gas Cooktop
  • MLS#: RLS20100598
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/RLS20100598/350malcolmxboulevard_brooklyn_ny?source=qrflyer
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All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass   Phone: (212) 913-9058

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Brooklyn (Bedford-Stuyvesant), NY, 11233

$1,750,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,400,000 $1,400,000 $1,400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.000% 6.000%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.165% 6.086% 6.183%
Monthly Tax Payment $231 $231 $231
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $7,949 $8,394 $11,814
Total Monthly Payment $8,305 $8,750 $12,170

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.