235 Malcolm X BlvdBrooklyn, NY 11233

This exceptional investment opportunity presents a fully occupied, nine-unit apartment building located at 235 Malcolm X Boulevard in the vibrant Bedford-Stuyvesant neighborhood of Brooklyn, New York. The property boasts a commanding 6.21% cap rate and a substantial net operating income (NOI) of $229,873, reflecting a strong, stabilized cash flow. Built in 1931 and extensively renovated in 2016, this four-story brick building encompasses 6,760 square feet on a 2,080 square foot lot, zoned R6A. The building comprises seven free-market apartments, all fully occupied, and two ground-floor retail units currently leased to a restaurant and a salon. Apartment features include high ceilings, recessed lighting, open kitchens with stainless steel appliances, decorative brick fireplaces, and in-unit washer/dryers (except one unit). Its prime location offers high foot traffic and proximity to public transportation, including the J train and A/C trains, as well as numerous amenities such as parks, schools, and the Interfaith Medical Center. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a rapidly appreciating Brooklyn neighborhood. The asking price is $3,700,000. Tax Class 2B limits future tax increases. This property offers a compelling combination of strong cash flow, attractive location, and significant upside potential.