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236 Malcolm X Boulevard, HOUSE
Brooklyn, NY 11221
Bedford Stuyvesant

Off Market

Property Type
House
Estimated Size
4,320 ft²
Price per ft²
$433
Bedrooms
6 Bedrooms
Bathrooms
5 Bathrooms
Home Style
N/A
Common Charges
N/A
Taxes
$5,098
Tax Deduction
N/A
Financing Allowed
N/A
New Development
N/A
Building
236 Malcolm X Boulevard
Building Year
N/A
Building Floors
4 floors
Building Units
N/A
Elementary School
PS 262
Days on RealDirect
N/A

6.8% Cap Rate
Located in Stuyvesant Heights, with close walking distance to subways and bus, this building represents one of the last untouched investment opportunities in this transformed area.
With 4 residential units and a large commercial space that includes the basement and outdoor yard suitable for a restaurant, this building offers the perfect combination for investors or owner operators.
Building will be delivered vacant, units were renovated 8 years ago but will need repairs to achieve market rental rates.
Income & Expenses
Income
Annual Rental Income $160,800
Less: 3% Vacancy Loss -$4,824
Gross Operating Income $155,976
Expenses
Real Estate Taxes $5,087
Insurance $4,000
Common Area Electric $1,950
Fuel (Gas / Oil) $3,200
Water / Sewer $4,850
Repair & Maintenance $3,500
Super Payroll $6,000
Management Fee (5%) $7,799
Total Expenses $28,587
Net Operating Income $127,389 
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"All calculations are based on estimates and are not guaranteed" 

Features

  • Renovated
  • Outdoor common
  • Investor

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Mortgage Calculator

Mortgage Amount

$550,000

This property allows up to 0% financing. You may need to increase your down payment.

Mortgage Payment

$2,200

Total Monthly Payment

$2,900

Listing History

March 7, 2017 Sold $1,870,000
March 5, 2017 Sold $1,870,000
Sept. 30, 2016 Available $1,870,000

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