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12 photos
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Listing Courtesy of Douglas Elliman Real Estate
$1,795,000
Est. payment /mo
2 Beds
3 Baths
Open House
Fri Jul 17, 11:00am - 12:30pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Crown Heights
MLS Listing ID RLS20101199
Bedrooms 2
Full Baths 6
Half Baths 4
HOA Y/N No
Annual Tax Amount $5,076
Property Sub-Type Mixed Use
Property Description
Welcome to 429 Ralph Avenue, This amazing corner location offers a rare and exciting chance to acquire a piece of historical Brooklyn. Built in 1927, this three-story brick building features a flexible mixed-use layout with commercial space and residential units above, offering exceptional upside for investors, owner-users, and developers alike in the thriving neighborhood of Crown Heights, Brooklyn. The first floor offers high ceilings, excellent lighting, and easy access. This space can be transformed into a variety of commercial uses. Upstairs are two one-bedroom, one bath apartments with excellent lighting and local views that can be kept as is, renovated or transformed into a beautiful and private multi-room home. The basement is large with ample storage, and direct access to Ralph avenue. Attached to the property is private parking for up to 3 vehicles. Along with as is photos of the property, we have included some staged renderings showing all the great potential this space has. Delivery will be 100% vacant & the building allows for immediate renovation, repositioning, or redevelopment. No tenant buyouts, no delays. Fantastic location and great visibility, The property benefits from strong foot traffic, excellent frontage, and prime exposure in a rapidly growing neighborhood. Property Highlights -Mixed-use building: Ground-floor commercial with residential above Ideal commercial uses: Restaurant, Cafe, Studio, Office, Pharmacy, Fitness studio -Fully vacant delivery -Corner lot with great exposure, tons of frontage and private sidewalk access -Private multi car parking -Generous lot size and favorable building dimensions -R6 zoning, offering flexibility for redevelopment, expansion, or long-term income strategies Suitable for live/work, retail plus residential, or full investment/development scenarios About The Neighborhood Conveniently located near bustling Utica Ave and steps from Fulton Street, the property benefits from immediate access to public transportation and local shops. A 20 minute walk in any direction takes you across Crown Heights, through neighboring Bushwick and Bedstuy. With tons of green spaces, beautiful neighborhoods, restaurants, bars and transportation, this area continues to attract both residents and businesses, making this an ideal location for long-term growth, development and steady returns. A short walk from The Ralph avenue C train station, this prime corner location is an investors ideal scenario. A great opportunity for an investor or cash buyer to own a historical, high quality & income producing corner property in Brooklyn.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Window Unit(s)
Fireplace No
Laundry In Unit
Exterior
Exterior Feature None
Pool Building None
View Y/N No
View Other
Porch None
Private Pool Yes
Building
Dwelling Type Mixed Use
Story 2
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 01451-0011
Ownership None
Monthly Total Fees $423
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by ACLM Group
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