REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listing Courtesy of Douglas Elliman Real Estate
$ 1,795,000
Est. payment | /mo
2 Beds
2 Baths
$ 1,795,000
Est. payment | /mo
2 Beds
2 Baths
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Crown Heights
MLS Listing ID RLS20071510
Style Walk-Up
Bedrooms 2
Full Baths 2
HOA Y/N Yes
Property Sub-Type Apartment
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 on the ground floor 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 is currently built as a house of worship. With high ceilings, excellent lighting, and easy access, this space can be transformed into the base for a variety of commercial uses. Upstairs are two one-bedroom, one bath apartments with great views that can be kept as is, renovated or collapsed and turned into a beautiful multi-room home. The basement is large, has ample storage, and access to the outside. Along with photos of the property as is, we have included some renderings showing all the great potential this space has. Attached to the property is a private parking for up to 3 vehicles. Delivered 100% vacant; the building allows for immediate renovation, repositioning, or redevelopment - no 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 Fully vacant delivery Corner lot with great exposure Private parking Generous lot size and favorable building dimensions R6 zoning, offering flexibility for redevelopment, expansion, or long-term income strategies Convenient for live/work, retail plus residential, or full investment/development scenarios About The Neighborhood This location has strong visibility and foot traffic on a busy street, conveniently located near bustling Utica Ave and just minutes from Fulton Street, the property benefits from immediate access to public transportation, local shops, restaurants, and cultural institutions. Crown Heights 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 to own a historical, high quality & income producing property in Brooklyn.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Fireplace No
Appliance Washer Dryer Allowed
Laundry Building None
Exterior
Exterior Feature None
View Y/N No
Porch None
Private Pool No
Building
Story 2
New Construction No
Others
Tax ID 01451-0011
Ownership None
Special Listing Condition Standard
Pets Allowed Building No, No
RLS Data display by WJFNY