229 Malcolm X Blvd, Brooklyn, NY 11221
Four-unit mixed-use building in Stuyvesant Heights Historic District.
- Added:
- Jan 28, 2026
- Days on Market:
- 154
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 229 Malcolm X Blvd
General Information
- Standard status
- Active
- Size
- 4,560 SF
- Property subtype
- Mixed Use, Multifamily, Retail
Listing office TerraCRG
Listing date Jan 28, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of TerraCRG
HighLights
- 100% Free Market, offering significant income potential and flexibility.
- Tax Class 2A (Tax Class Protected) resulting in low expenses.
- Located in the desirable Stuyvesant Heights Historic District, known for its brownstone properties.
- Three fully renovated residential units, each with 4 bedrooms and 1.5 baths.
- Proximity to the Utica Avenue A/C subway line provides express service to Manhattan.
- Stable, occupied retail tenant provides consistent income.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $354.6k | $77.76 |
| − Vacancy | −$42.2k | −$9.25 |
| EGI | $312.4k | $68.51 |
| − OpEx | −$93.7k | −$20.55 |
| NOI | $218.7k | $47.95 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.929204
- Latitude
- 40.685079