Multifamily

468 Ralph Avenue

468 Ralph Ave, Brooklyn, NY 11233

Listing Price: $1,930,000

Cap Rate
7.22%
Number of Units
6
GRM
11.05
Occupancy
97.00%
Price/Unit
$321,667
Price/Gross SF
$326.73
Gross SF
5,907

Investment Overview

468 Ralph Avenue is a three-story brick apartment building located on Ralph Avenue between Saint Marks Avenue and Prospect Place in the Crown Heights section of Brooklyn, New York (Block: 01363; Lot: 0052). The building is built approximately 30.29 feet by 64 feet and sits on an approximate 30.29 foot by 100-foot lot.

The property is currently comprised of six free market apartments. All of the units are comprised of three-bedroom one-bathroom layouts. Furthermore, all units are large enough to add more bedrooms and/or bathrooms to further increase rental income. All bedrooms are large enough to fit a queen-sized beds and have a spacious living room, dining room and kitchen layout.

The building has been very well maintained over the years and kept in the family over the last 35 years. Building was gut renovated and converted to a free market building in the 90s taking it out of Rent Stabilization.
The building is located in Crown Heights within walking distance of "A" and "C" Train at Ralph Avenue as well as the "4" & "5" Trains at Utica Avenue. The property is zoned R6.

Investment Highlights

  • Free Market Six Family Building
  • All Units Are Three Bedroom Units
  • Up and Coming Area of Crown Heights

Exclusively Listed By

Listing Price: $1,930,000

Cap Rate
7.22%
Number of Units
6
GRM
11.05
Occupancy
97.00%
Price/Unit
$321,667
Price/Gross SF
$326.73
Gross SF
5,907

Investment Highlights

  • Free Market Six Family Building
  • All Units Are Three Bedroom Units
  • Up and Coming Area of Crown Heights

Investment Overview

468 Ralph Avenue is a three-story brick apartment building located on Ralph Avenue between Saint Marks Avenue and Prospect Place in the Crown Heights section of Brooklyn, New York (Block: 01363; Lot: 0052). The building is built approximately 30.29 feet by 64 feet and sits on an approximate 30.29 foot by 100-foot lot.

The property is currently comprised of six free market apartments. All of the units are comprised of three-bedroom one-bathroom layouts. Furthermore, all units are large enough to add more bedrooms and/or bathrooms to further increase rental income. All bedrooms are large enough to fit a queen-sized beds and have a spacious living room, dining room and kitchen layout.

The building has been very well maintained over the years and kept in the family over the last 35 years. Building was gut renovated and converted to a free market building in the 90s taking it out of Rent Stabilization.
The building is located in Crown Heights within walking distance of "A" and "C" Train at Ralph Avenue as well as the "4" & "5" Trains at Utica Avenue. The property is zoned R6.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower