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    Mixed-Use Property | 5,225 SqFt Title is generated by Realmo AI

    243 Malcolm X Blvd, New York, NY 10027

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    Mixed-use property available for sale in New York, NY.

    Type:Mixed Use, Multifamily
    Property size:
    5,225 SF
    Price / SF:
    $411/SF
    Added:
    Feb 19, 2026
    Days on Market:
    139
    Last Refresh:
    Jun 23 at 2:51 am

    Property Features for 243 Malcolm X Blvd

    General Information

    Standard status
    Active
    Size
    5,225 SF
    Property subtype
    Mixed Use, Multifamily

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    Ariel Ben Ezra

    Listing office Wingate Advisors

    Listing date Feb 19, 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 Wingate Advisors

    HighLights

    • Mixed use property
    • Boasting 5,225 sqft

    Overview

    This mixed-use property offers 5,225 square feet of space and is available for sale.

    Local Financial Insights For Mixed Use

    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 $313.5k $60.00
    − Vacancy −$47.0k −$9.00
    EGI $266.5k $51.00
    − OpEx −$99.9k −$19.13
    NOI $166.5k $31.88
    5,225 SF · lease $60.00/SF/yr · vacancy 15.00% · expense 37.50%

    Alternative Uses

    Best Use
    Mixed Use
    $2.38M
    $2.08M – $2.78M (±1% cap)
    NOI $166,547 @ 7.0% cap · market cap 7.75%
    Second Best
    Apartment 5plus
    $2.34M
    $2.04M – $2.72M (±1% cap)
    NOI $163,476 @ 7.0% cap · market cap 7.60%
    Theoretical Best
    Specialty Retail
    $13.01M
    $11.38M – $15.17M (±1% cap)
    NOI $910,404 @ 7.0% cap · market cap 42.34%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture Accounting Firm Auto Parts Store Computer & Electronic Repair Tech Support Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New York
    County
    New York
    State
    New York
    Longitude
    -73.9292241
    Latitude
    40.6844613

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property available for sale in New York, NY.
    Where is this mixed-use property located?
    The property is located at 243 Malcolm X Blvd New York, NY.
    What is the asking price?
    The asking price for this property is $2,150,000.
    What are key features of this property?
    This property features: Mixed use property; Boasting 5,225 sqft
    More about this property
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