3,750 SF Corner Mixed-Use Building with 7,500 BSF
217 Malcolm X Boulevard
Bedford-Stuyvesant
Closed 04/09/2014 at
$850,000
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718-395-1877
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Overview
The corner mixed-use building located at 217 Malcolm X Boulevard is now offered for sale. The property is located on Malcolm X Boulevard between Jefferson Avenue and Hancock Street in the Stuyvesant Heights section of Bedford Stuyvesant. The property is conveniently located within close proximity to the Utica Avenue A & C subway and the Gates Avenue J subway station.
The 3,750 SF corner property consists of a 2,500 SF of retail space and a 1,250 SF residential unit. The R6A/C2-4 zoning allows for 7,500 SF. The property is located outside the 421-A Geographic exclusionary zone and may qualify for a 421-A tax abatement. The property will be delivered vacant and needs a complete renovation. Residential rents in this location are in the $35/SF range.
Attractions
The Stuyvesant Heights Historic District contains some of the most beautiful brownstones and tree lined streets in all of New York. The building is also located near many new retail and office locations opening in the area, including Peaches Restaurant, Saraghina, Simplicity Wine BAr and Celestino Restaurant. Malcolm X Boulevard, specifically seen a recent revitilazation, including the opening of the new executives offices of Brookland Capital.