We are delighted to introduce the marvel of Malcolm X Boulevard at 126 Malcolm X Boulevard. A 4-unit residential / 2 car garage building located at the corner of Malcolm X Boulevard and Quincy Street in Bed-Stuy. This multi-family building has approximately 4,200 square feet of space and measures 24 wide by 45 in depth. The building has projected annual income of approximately $130K and a cap rate of 6.7%, which positions it advantageously to capitalize on the quickly evolving residential landscape of Bedford Stuyvesant. The building is currently vacant and ready for immediate delivery. It has excellent proximity to the J-train at Gates Avenue and is within 10-minute walking distance to the A/C trains at Utica Avenue. Malcolm X Blvd is quickly becoming the Main Street of the eastern portion of Bed-Stuy with new commercial openings such as Khemistry Bar, LAntagoniste, Casablanca, and Daddy Green. Private showings are available immediately. Building set up available upon request.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
