129 Malcolm X Blvd #1
About This Property
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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%.
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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.
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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
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2025 | Price Decreased |
$899,000
↓ $100K
(10%) | |
| Price Decreased | |||
| Sep 25, 2025 | Price Decreased |
$999,000
↓ $96K
(8.8%) | |
| Price Decreased | |||
| Oct 1, 2023 | Listed | $1,095,000 | |
| Listed | |||
| | |||
|
NEW DEV Reimagining a classic brownstone with sophistication and modern charm.
Outfitted in a historic brownstone on Malcolm X Boulevard, the building blends classic details with modern comfort. Thoughtful designs such as high ceilings, oversized windows, elegant kitchens and state-of-the-art climate control systems are all tucked inside the restored turn-of-the-century walls. Experience peace of mind with all-new electrical, plumbing, flooring, water main, sprinkler system and more.
Unlike most Brooklyn new development, this building stands out with high-end custom finishes and exceptional design by the renowned architecture firm AlexAllen Studio. Every detail has been thoughtfully crafted to create a space that feels tailored specifically to your lifestyle. With this level of quality and craftsmanship, you won’t find a better value anywhere else on the market.
Unit #1 is handicap accessible/ADA compliant. Offering an expansive 1,439 square feet of living space over two floors, thoughtfully designed to cater to a modern lifestyle. An open and loft-like interior with massive ceilings opens onto 369 square feet of private outdoor space. Additionally, an internal staircase and lower-level rec room adds to the townhouse feel.
Units feature functional and convenient elements such as bathrooms with heated limestone floors, generous storage, in-unit laundry, and high-efficiency heating and cooling. Design is never compromised with custom millwork and moldings, herringbone floors and triple-paned, tilt-and-turn windows custom made in Europe.
Located in the vibrant neighborhood of Bedford Stuyvesant, close to the Bushwick border. As the sun sets, restaurant and bar doors open: cocktails at Dynaco, Nashville-style fried chicken at Peaches Hot House, Neapolitan pizza at Saraghina. Sip on a natural wine at Winona’s. Catch some jazz at the Sankofa Aban Bed & Breakfast, or an outdoor movie screened in one of Bed-Stuy’s green spaces. Whatever you're craving, Bed-Stuy has something for everyone.
The nearby J train and multiple buses also offer quick and easy access to Manhattan and your other favorite Brooklyn neighborhoods.
With its prime location and modern amenities, 129 Malcolm X Blvd is a unique building and fantastic investment in the future.
Expected closings fall 2025.
THE COMPLETE OFFERING TERMS ARE IN AN OFFERING PLAN AVAILABLE FROM SPONSOR. FILE NO. CD24-0096. SPONSOR: ATELIER MALCOLM X LLC, 170 TILLARY STREET, SUITE 704, BROOKLYN, NY 11201
| |||
| Jul 5, 2021 | No longer available | - | |
| No longer available | |||
| Jul 1, 2020 | Listed | $1,550,000 | |
| Listed | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/22/2024
|
1 Bed
|
2 Bath
|
1439 ft²
|
$899,000
1 Bed
2 Bath
1439 ft²
|
$815,000
-9.34%
09/11/2026
|
Christina Prostano
Compass
| |
|
10/01/2023
|
2 Bed
|
2 Bath
|
1163 ft²
|
$1,084,000
2 Bed
2 Bath
1163 ft²
|
$950,000
-12.36%
05/28/2026
|
Christina Prostano
Compass
| |
|
10/01/2023
|
2 Bed
|
2 Bath
|
1037 ft²
|
$999,000
2 Bed
2 Bath
1037 ft²
|
$868,000
-13.11%
05/22/2026
|
Christina Prostano
Compass
| |
|
07/05/2021
| |
Studio
|
-
|
-
|
$1,595,000
Studio
-
|
$1,450,000
-9.09%
11/30/2021
|
Christen Wells
HIGHCAP GROUP LLC
|
|
07/01/2020
|
Loft
|
8 Bath
|
-
|
$1,550,000
Loft
8 Bath
|
-
-
|
Sully Klein
Real Street Inc.
|
Building Info
- 8 Units
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017