For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Renovated Mixed-Use Brooklyn Property Title is generated by Realmo AI

    346 Malcolm X Blvd, Brooklyn, NY

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Recently renovated mixed-use building in Bedford-Stuyvesant, Brooklyn.

    Type:RETAIL
    Property size:
    2,520 SF
    Lot size:
    0.03 Acres
    Price / SF:
    $674/SF
    Added:
    Sep 18, 2025
    Days on Market:
    266
    Last Refresh:
    May 20 at 9:38 pm

    Property Features for 346 Malcolm X Blvd

    General Information

    Standard status
    Active
    Size
    2,520 SF
    Lot size
    0.03 Acres
    Property subtype
    RETAIL

    Properties For Sale

    at 346 Malcolm X Blvd Contact us

    We can help!

    Listing Contact
    Brian Whelan
    Brian Whelan

    Listing agent Brian Whelan

    Listing office RIPCO Real Estate - Brooklyn

    Listing date Sep 18, 2025

    Source Moodyscre

    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 RIPCO Real Estate - Brooklyn

    HighLights

    • Prime location in Bedford‑Stuyvesant with high foot traffic and visibility on Malcolm X Boulevard.
    • Renovated mixed‑use building with two residential units and one commercial space.
    • Turnkey opportunity for stable rental income from residential and commercial tenants.
    • Proximity to Utica Avenue subway station (A & C lines).
    • Strong demand drivers due to key amenities in the area.
    • Investment growth potential in Bed‑Stuy’s robust market.

    Overview

    Located in the heart of Bedford-Stuyvesant, Brooklyn, this recently renovated mixed-use property is positioned on busy Malcolm X Boulevard, offering high foot traffic and visibility. The building features a renovated configuration with two residential units situated above one commercial space. This setup presents a turnkey opportunity for generating stable rental income from both residential and commercial tenants. The property benefits from its proximity to key amenities, including the Utica Avenue subway station serving the A & C lines. The property size is 2520 square feet. This location allows one to capitalize on Bed-Stuy’s robust market trends.

    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 $196.0k $77.76
    − Vacancy −$23.3k −$9.25
    EGI $172.6k $68.51
    − OpEx −$51.8k −$20.55
    NOI $120.8k $47.95
    2,520 SF · lease $77.76/SF/yr · vacancy 11.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.73M
    $1.51M – $2.01M (±1% cap)
    NOI $120,846 @ 7.0% cap · market cap 7.11%
    Second Best
    Mixed Use
    $1.31M
    $1.14M – $1.52M (±1% cap)
    NOI $91,476 @ 7.0% cap · market cap 5.38%
    Theoretical Best
    Specialty Retail
    $2.09M
    $1.83M – $2.43M (±1% cap)
    NOI $146,059 @ 7.0% cap · market cap 8.59%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Keycafe Shopping Center & Mall Brooklyn Residency Restaurant

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.9289
    Latitude
    40.6808

    FAQs

    What type of property is this?
    Mixed-use property - Recently renovated mixed-use building in Bedford-Stuyvesant, Brooklyn.
    Where is this mixed-use property located?
    The property is located at 346 Malcolm X Blvd Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $1,700,000.
    What are key features of this property?
    This property features: Prime location in Bedford‑Stuyvesant with high foot traffic and visibility on Malcolm X Boulevard.; Renovated mixed‑use building with two residential units and one commercial space.; Turnkey opportunity for stable rental income from residential and commercial tenants.
    (718) 233-6565 Call to check price and availability
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message