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Mixed-use Property for Sale 429 Ralph Ave 2,326 SF 100% Leased Retail Building Brooklyn, NY 11233 $1,499,000 ($644.45/SF)
Investment Highlights
- CORNER PROPERTY -High Visibility with Apartments above and Cellular Antenna Income
Executive Summary
Motivated Seller- Priced to Sell
This mixed-use corner property offers a rare and exciting opportunity to acquire a piece of historical Brooklyn with exceptional flexibility. Built in 1927, 429 Ralph Avenue is a 2326 SF building that will be delivered vacant and features 2 x 1-bedroom apartments, 1 large commercial first floor and a substantial basement.
The property is R6 zoned and also offers a private 3 car parking, private owners' entrance, and a rooftop with roof rights. Perfect as a versatile asset for an investor, owner-user or developer looking for a Brooklyn property with multiple avenues and creative uses. ( We have included a few generated images showing all the possible uses of the space )
- With corner positioning and tons of foot traffic, this space is great for use as a cafe, fitness studio, smoothie shop etc..
You have the flexibility to establish new residential and commercial income. A portion of the roof is currently rented by Verizon and is up for a contract negotiation and extension.
Contact us today to set up a showing or setup.
This mixed-use corner property offers a rare and exciting opportunity to acquire a piece of historical Brooklyn with exceptional flexibility. Built in 1927, 429 Ralph Avenue is a 2326 SF building that will be delivered vacant and features 2 x 1-bedroom apartments, 1 large commercial first floor and a substantial basement.
The property is R6 zoned and also offers a private 3 car parking, private owners' entrance, and a rooftop with roof rights. Perfect as a versatile asset for an investor, owner-user or developer looking for a Brooklyn property with multiple avenues and creative uses. ( We have included a few generated images showing all the possible uses of the space )
- With corner positioning and tons of foot traffic, this space is great for use as a cafe, fitness studio, smoothie shop etc..
You have the flexibility to establish new residential and commercial income. A portion of the roof is currently rented by Verizon and is up for a contract negotiation and extension.
Contact us today to set up a showing or setup.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,326 SF
Building Class
C
Year Built
1927
Price
$1,499,000
Price Per SF
$644.45
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.75
Lot Size
0.03 AC
Opportunity Zone
Yes
Zoning
R6
Frontage
18’ on Ralph Ave
Amenities
- Corner Lot
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 01451-0011 | Improvements Assessment | $43,920 |
| Land Assessment | $8,940 | Total Assessment | $52,860 |
Property Taxes
Parcel Number
01451-0011
Land Assessment
$8,940
Improvements Assessment
$43,920
Total Assessment
$52,860
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