Page 2 |
transaction overview
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal
without notice
199 malcolm x boulevard
brooklyn, ny
TRANSACTION OVERVIEW
Address:
199 MALCOLM X BOULEVARD
BROOKLYN, NY 11221
LOCATION:
BETWEEN PUTNAM AND JEFFERSON AVENUES
T
his exclusive offering presents the opportunity to acquire 199 Malcolm X Boulevard, a (3)- story walk- up
apartment building located in the Bedford-Stuyvesant section of Brooklyn. The property is comprised of
five (3) -bedroom units and two stores, one of which is vacant. The apartments are completely renovated
and feature stainless-steel appliances, hardwood floors and exposed brick throughout. The building was
constructed in 1910 and totals 4,680 sf. All the apartments are free market.
The property is located in close proximity to the Broadway commercial corridor, Fulton Park and the A-C
subway lines.
Layout
5/5 = 25 Total Rooms
Block/Lot
1652-7
Assessment: $101,892
Year Built
1910
Lot Size
26 x 80
(approx. 2,080 sf)
Built
26 x 60
(approx. 4,680 sf)
Zoning
C2 -4, R6A
FAR
3.0
FAR as Built
2.25
Page 4 |
financial summary
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal
without notice
199 malcolm x boulevard
brooklyn, ny
FINANCIALS | RENT ROLL | Tax map
UNIT
Apt 1R
Apt 2F
Apt 2R
Apt 3F
Apt 3R
Comm 1-Barber Shop
Comm 2 (Vacant - Projected)
RENT
$ 2,900.00
$ 2,800.00
$ 2,800.00
$ 2,700.00
$ 2,800.00
$ 1,909.62
$ 2,200.00
SIZE
5
5
5
5
5
STATUS
FM
FM
FM
FM
FM
LEASE START
9/1/2018
3/1/2020
9/1/2020
At Will
9/1/2020
3/1/2018
LEASE END
8/31/2021
4/30/2021
2/28/2021
At Will
8/31/2021
2/29/2028
TOTAL MONTHLY INCOME
$ 18,108.62
TOTAL ANNUAL INCOME
$ 217,315.44
rent roll
Page 6 |
financial summary
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal
without notice
199 malcolm x boulevard
brooklyn, ny
Page 8 |
marketplace overview
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal
without notice
199 malcolm x boulevard
brooklyn, ny
8
B
edford–Stuyvesant, colloquially known as Bed–
Stuy, is a neighborhood in the northern section
of the New York City borough of Brooklyn.
Bedford–Stuyvesant is bordered by Flushing
Avenue to the north (bordering Williamsburg),
Classon Avenue to the west (bordering Clinton
Hill), Broadway to the east (bordering Bushwick
and East New York), and Atlantic Avenue to the
south (bordering Crown Heights and Brownsville).
The main shopping street, Fulton Street runs east–
west the length of the neighborhood and intersects
high-traffic north–south streets including Bedford
Avenue, Nostrand Avenue, and Stuyvesant
Avenue. Bedford–Stuyvesant contains four smaller
neighborhoods: Bedford, Stuyvesant Heights,
Ocean Hill, and Weeksville (also part of Crown
Heights). Part of Clinton Hill was once considered
part of Bedford–Stuyvesant.
Bedford–Stuyvesant has the largest collection of
intact and largely untouched Victorian architecture
in the country, with roughly 8,800 buildings built
before 1900. Its building stock includes many
historic brownstones. These homes were developed
for the expanding upper-middle class from the
1890s to the late 1910s. These homes contain highly
ornamental detailing throughout their interiors and
have classical architectural elements, such as
brackets, quoins, fluting, finials, and elaborate frieze
and cornice banding.
Since the late 1930s the neighborhood has been
a major cultural center for Brooklyn’s African
American population. Following the construction of
the Fulton Street subway line (A and C trains) in 1936,
African Americans left an overcrowded Harlem for
greater housing availability in Bedford–Stuyvesant.
From Bedford–Stuyvesant, African Americans have
since moved into the surrounding areas of Brooklyn,
such as East New York, Crown Heights, Brownsville,
and Fort Greene.
Page 10 |
marketplace overview
Although all information furnished regarding property for sale, rental or financing is from sources deemed reliable such information has not been verified and no express representation is made nor is any to be implied as to the accuracy thereof, and it is submitted subject to errors, change of price, rental or other conditions, prior to sale, lease or financing, or withdrawal
without notice
199 malcolm x boulevard
brooklyn, ny
zoning overview
T
he Quality Housing bulk regulations, which are mandatory
in R6A districts, typically produce high lot-coverage six- or
seven-story apartment buildings set on or near the street
line and are designed to be compatible with existing buildings
found in older neighborhoods.
