Renovated Mixed-Use
346 Malcolm X Blvd Brooklyn, NY 11233
For Sale
Contact for pricing
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 Market312
Property Features for 346 Malcolm X Blvd
General Information
- Standard status
- Active
- Size
- 2,520 SF
- Property subtype
- RETAIL
Listing Agency:
RIPCO Real Estate - Brooklyn
(646) 993-7328
Listed By:
Brian Whelan
Source:
Moodyscre
Added: Sep 18, 2025
Changed: Jul 25
Last Checked: Jul 26 at 11:45AM
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
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 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
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Keycafe
Shopping Center & Mall
Brooklyn Residency
Restaurant
FAQs
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.
