Mixed-Use Building With
For Sale
$1,750,000
350 Malcolm X Boulevard, Brooklyn, NY 11233
Commercial Sale, Brooklyn, NY
Property Size3,572 SF
Price / SF$489.92
Days on Market66
Property Features for 350 Malcolm X Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Bedrooms
2
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 1
Subdivision
Bedford Stuyvesant
High school district
000000
Standard status
Active
Size
3,572 SF
Building Details
Architectural style
Other
Listing Agency:
Compass
(646) 982-0353
Listed By:
Tali Berzak · License #10301209148
(917) 246-8581
Added: Jun 29
Changed: Sep 1
Last Checked: Sep 2 at 2:06PM
MLS# 11861912
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 350 Malcolm X Boulevard in Brooklyn, this 3,572-square-foot mixed-use building combines a commercial storefront with residential apartments. The ground-floor retail space is occupied by a long-term commercial tenant, while the upper levels contain two floor-through one-bedroom apartments.
The property sits along Malcolm X Boulevard in the Bedford-Stuyvesant area, near cafes, restaurants, and independent retailers including Saraghina, Peaches, L'Antagoniste, and Casablanca Cocktail Lounge. Fulton Park and Saratoga Park are nearby, offering green space, athletic facilities, playgrounds, and community programming. Public transportation access includes the A and C subway lines at Utica Avenue and the J train at Halsey Street, with service toward Downtown Brooklyn and Manhattan.
The property sits along Malcolm X Boulevard in the Bedford-Stuyvesant area, near cafes, restaurants, and independent retailers including Saraghina, Peaches, L'Antagoniste, and Casablanca Cocktail Lounge. Fulton Park and Saratoga Park are nearby, offering green space, athletic facilities, playgrounds, and community programming. Public transportation access includes the A and C subway lines at Utica Avenue and the J train at Halsey Street, with service toward Downtown Brooklyn and Manhattan.
Key Highlights
- 3,572‑square‑foot mixed‑use building at 350 Malcolm X Boulevard
- Ground‑floor retail space occupied by a long‑term commercial tenant
- Two floor‑through one‑bedroom apartments on the upper levels
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$129,664
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.41%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,593,280
$2.6M
Cap Rate 7%
$1,852,343
$1.9M
Cap Rate 9%
$1,440,711
$1.4M
Market Conditions
NOI Build-Up for 3,572 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$235.8K $66.00/SF
− Vacancy
−$28.3K −$7.92/SF
EGI
$207.5K $58.08/SF
− OpEx
−$77.8K −$21.78/SF
NOI
$129.7K $36.30/SF
Area
Brooklyn, NY
Vacancy
12.00%
Lease Rate
$66.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,593,280
Cap Rate 7%
$1,852,343
Cap Rate 9%
$1,440,711
Alternative Uses
Best Use
Retail
$2.45M
$2.14M – $2.85M
NOI $171,294 @ 7.0% cap · market cap 9.79%
Second Best
Mixed Use
$1.85M
$1.62M – $2.16M
NOI $129,664 @ 7.0% cap · market cap 7.41%
Theoretical Best
Specialty Retail
$2.96M
$2.59M – $3.45M
NOI $207,033 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
3,450
Businesses Nearby
Explore this area
Business Placement
Demographics for 11233, NY
75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor retail is combined with two upper-level one-bedroom apartments.
Where is this mixed-use property located?
The property is located at 350 Malcolm X Boulevard Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 3,572‑square‑foot mixed‑use building at 350 Malcolm X Boulevard; Ground‑floor retail space occupied by a long‑term commercial tenant; Two floor‑through one‑bedroom apartments on the upper levels
