274 Malcolm X Blvd
274 Malcolm X Blvd., Brooklyn, NY 11233
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TerraCRG has been retained to exclusively represent ownership in the sale of 274 Malcolm X Blvd. in the Stuyvesant Heights section of Bedford-Stuyvesant, Brooklyn.
The offering represents a unique opportunity to purchase a fully vacant building on one of Brooklyn’s most exciting retail corridors. The three-story building is currently ~4,419 SF and needs a full interior gut renovation. The vacant property offers numerous possibilities for investors, including building up on the structure as there is approximately 6,000 BSF on the lot. Additionally, there is the possibility to create at least eight units on the site. The ground floor is zoned commercial and features 25 feet of frontage on one of the most prime retail sections of Malcolm X.
Retail rents in this location are exceeding $40/SF and residential rents have hit $50/SF.
The property is ideally located in Stuyvesant Heights, one of the most prime sections of Bed-Stuy, and is situated on Malcolm X Boulevard, which features some of the best new retailers and office spaces in Brooklyn, including: Casablanca Bar, Brookland Capital Corporate Offices, L’Antagoniste French Restaurant, The Trade Union Café, Zabka Café and Coffee, Octavia’s Restaurant and Wine Bar, Ikhofi Café, Natural Blend Juice Bar and Vegan Bakery, Jordan Heads Boutique and Chez Oskar.