34 Malcolm X BlvdBrooklyn, NY 11221

Property Details for 34 Malcolm X Blvd

Year built

1899

Lot size

0.04 AC

Property size (Sq ft)

3,344 SF

Zone code

R6A

Property type

Mixed-use properties

Property subtype

Other investment properties

APN

01603-0043

APU

16030043

Description

This exceptional commercial property, located at 34 Malcolm X Boulevard in Brooklyn, NY (zip code 11221), offers two versatile spaces totaling 1,550 square feet. The smaller space, 550 square feet, boasts a flexible layout, ideal for a variety of uses. A separate 1,000 square foot space with its own entrance provides additional flexibility. Combining both spaces creates a substantial 1,550 square foot area, perfectly suited for expansion or businesses requiring larger footprints. This prime location sits at the intersection of Malcolm X Boulevard, Dekalb Avenue, and Broadway, ensuring high visibility and significant foot traffic. The property benefits from excellent public transportation access, being just two blocks from the J train at Kosciuszko Street and conveniently located near a B46 bus stop. This triple net (NNN) lease opportunity presents a competitive option for businesses seeking a thriving location within a vibrant community. The area is characterized by a strong mix of established businesses and residents, providing a built-in customer base. This property is perfect for a salon, café, office, gym, or retail shop seeking maximum exposure and convenient access for both customers and employees. The property is situated in Kings County, New York.

• CAP approach

  CAP return

  Valuation

  6%

  $552,863

  6.5%

  $510,335

  7%

  $473,883

• Comparable approach

  Method

  Valuation

  Relative Method

  $436,927

  Geo Method

  $436,927

• Alternative Use

  Use

  Valuation

  Residential

  $632,816

  Hospitality

  $579,656

  Educational

  $482,267

  Medical

  $498,853

  Retail

  $750,193

Location Insight

City

Brooklyn

County

Kings

State

New York

Latitude

40.6931

Longitude

-73.9313

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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