677 Ralph AVE Brooklyn, NY 11212
2,500 Sqft Lot
Open House
Fri Aug 07, 4:30am - 6:30pm
Fri Aug 07, 4:30pm - 6:30pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Brownsville
MLS Listing ID 1034916
Rental Info No
Year Built 1930
Annual Tax Amount $10,259
Lot Size 2,500 Sqft
Acres 0.0574
Property Sub-Type Duplex
Source onekey2
Property Description
Unlock the potential of this legal 4-family brick building offering immediate value-add opportunities in one of Brooklyn's established residential neighborhoods. Whether you're looking to renovate, reposition, or expand your portfolio, this property presents multiple avenues to increase cash flow and long-term equity.
The building consists of three 2-bedroom apartments and one spacious 3-bedroom apartment. Two of the 2-bedroom units are vacant, providing the rare opportunity to renovate and lease at today's market rents from day one. A third 2-bedroom unit is occupied by non-paying tenants, while the 3-bedroom apartment is occupied by long-term tenants paying below market rent, creating additional upside for investors with a long-term asset management strategy.
Solid brick construction, generous apartment layouts, and multiple vacant units make this an increasingly hard-to-find opportunity for investors seeking to add value through renovations and improved operations.
Property Highlights:
Legal 4-family brick building
(3) Two-bedroom apartments
(1) Three-bedroom apartment
Two vacant 2-bedroom units ready for renovation or immediate repositioning
One occupied 2-bedroom unit with non-paying tenants
One occupied 3-bedroom unit cooperative tenants paying below-market rent
Strong value-add and income-growth potential
Ideal for experienced investors, developers, or multifamily operators
Opportunity to significantly increase NOI through strategic improvements and lease optimization
Properties offering this combination of vacant units, rental upside, and long-term appreciation potential are becoming increasingly scarce. Bring your vision and capitalize on the opportunity to transform this asset into a high-performing investment.
Being sold as-is. Buyer to perform their own due diligence regarding tenancy, rents, and building condition.
Location
State NY
County Kings (brooklyn)
Rooms
Basement Finished
Interior
Interior Features Other
Heating Oil, Other
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features None
Utilities Available Cable Connected, Natural Gas Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Brooklyn Arts And Science Elementary
Middle Schools Acad For College Prep And Career Exp
High Schools Brooklyn 17
School District Brooklyn 17
Others
Senior Community No
Special Listing Condition None
