Renovated Mixed-Use
For Sale
Contact for pricing
346 Malcolm X Blvd, Brooklyn, NY 11233
Renovated building with two residential units over one commercial space on Malcolm X Boulevard in Brooklyn.
Property Size2,520 SF
Price / SF$674.60
Days on Market406
Property Features for 346 Malcolm X Blvd
General Information
Standard status
Active
Size
2,520 SF
Property subtype
RETAIL
Additional Details
Multifamily Units
2
Listing Agency:
RIPCO Real Estate - Brooklyn
(718) 233-6565
Listed By:
Brian Whelan · License #10401277435
(646) 993-7328
Source:
Moodyscre
Added: Sep 18, 2025
Changed: Oct 25
Last Checked: Oct 26 at 3:41PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated mixed-use property at 346 Malcolm X Blvd, Brooklyn, NY 11233, features two residential units above one commercial space. The building is described as turnkey, with the residential and commercial components configured for separate rental income.
The property is positioned in Bedford-Stuyvesant and fronts Malcolm X Boulevard. Public remarks also note high foot traffic and visibility along the corridor.
For transit access, the Utica Avenue subway station on the A & C lines is listed as nearby, supporting convenient commuting for residents and customers serving the commercial space.
The property is positioned in Bedford-Stuyvesant and fronts Malcolm X Boulevard. Public remarks also note high foot traffic and visibility along the corridor.
For transit access, the Utica Avenue subway station on the A & C lines is listed as nearby, supporting convenient commuting for residents and customers serving the commercial space.
Key Highlights
- Renovated mixed‑use building in Bedford‑Stuyvesant, Brooklyn.
- Two residential units above one commercial space.
- Located on Malcolm X Boulevard.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,846
Cap Rate
7.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,416,920
$2.4M
Cap Rate 7%
$1,726,371
$1.7M
Cap Rate 9%
$1,342,733
$1.3M
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$196.0K $77.76/SF
− Vacancy
−$23.3K −$9.25/SF
EGI
$172.6K $68.51/SF
− OpEx
−$51.8K −$20.55/SF
NOI
$120.8K $47.95/SF
Area
Brooklyn, NY
Vacancy
11.90%
Lease Rate
$77.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,416,920
Cap Rate 7%
$1,726,371
Cap Rate 9%
$1,342,733
Alternative Uses
Best Use
Retail
$1.73M
$1.51M – $2.01M
NOI $120,846 @ 7.0% cap · market cap 7.11%
Second Best
Multifamily LT 5
$1.26M
$1.10M – $1.47M
NOI $88,255 @ 7.0% cap · market cap 5.19%
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.43M
NOI $146,059 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Renovated building with two residential units over one commercial space on Malcolm X Boulevard in Brooklyn.
Where is this duplex 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: Renovated mixed‑use building in Bedford‑Stuyvesant, Brooklyn.; Two residential units above one commercial space.; Located on Malcolm X Boulevard.
