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113 MALCOLM X Boulevard
About This Property
This exceptional property features a spacious owner's duplex and a separate garden-level rental unit, presenting an ideal opportunity to live beautifully while generating income. Modern upgrades ensure comfort and ease, with central air conditioning and in-unit washer/dryers installed in both residences. The garden unit currently hosts an excellent long-term tenant, providing immediate income potential. Remarkably low annual real estate taxes (currently $5,480, Tax Class 1) enhance the appeal.
The owner's duplex (3BR/2.5BA) begins on the gracious parlor floor, welcoming you into an inviting living area complete with a convenient powder room. Flowing towards the rear, discover the large, windowed eat-in kitchen, fully equipped with stainless steel appliances, a vented hood, ample cabinetry, granite countertops, and a substantial center island. Step directly from the kitchen onto your private terrace, overlooking the backyard patio - perfect for alfresco dining and entertaining.
Ascend the historic staircase to the upper level, where the sun-drenched master bedroom awaits. Featuring a wall of windows and a skylight, this serene retreat includes a large closet and a private ensuite bathroom. Two additional well-proportioned bedrooms offer flexibility; one is generously sized, while the third is ideal for a nursery or home office. A second full bathroom serves these rooms.
The garden apartment (1BR/1BA) boasts its own distinct charm, featuring a large living room and a functional, windowed galley kitchen. The bedroom is exceptionally spacious, easily accommodating a king-sized bed plus a home office area. This unit also provides access to the full-height basement, which includes laundry facilities, a half bathroom, and offers excellent potential as a recreation room or additional storage.
Nestled near the border of Stuyvesant Heights, this home places you amidst the vibrant culture of Bed-Stuy. Enjoy easy access to the neighborhood's beloved cafes, diverse restaurants, and essential services along Broadway. Commuting is effortless with the Gates Ave (J/Z) and Myrtle Ave (J/M/Z) subway stops just a short walk away. Experience the perfect synthesis of historic Brooklyn living and smart homeownership.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
04/12/2025
| |
4 Bed
|
3 Bath
|
3032 ft²
|
$1,800,000
4 Bed
3 Bath
3032 ft²
|
$1,847,000
+2.61%
07/25/2025
|
Donald Lai
Corcoran Group
|
|
07/20/2016
|
4 Bed
|
4 Bath
|
2400 ft²
|
$1,350,000
4 Bed
4 Bath
2400 ft²
|
$1,350,000
06/29/2017
|
Debra Bondy
The Corcoran Group
|
Building Info
- 2 Units
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017