$3,600,000
Updated 4 years ago
Off Market

212 Ralph Ave

Bushwick, Brooklyn | Decatur Street & Bainbridge Street

15 Rooms9 Beds10 Baths8,500 Square FeetIncome Property

$3,600,000
floors / apts4 / 9
Lot Size25'x100'
Built Size25'x100'
ZoneR6B
Building TypeLow-Rise
RE Taxes$35,897
Price Per SF
$424

Building Amenities

  • Voice Intercom

Property Description for 212 Ralph Ave

This 4-story mixed use solid-brick building is comprised of 9-residential units, 3 on each floor and 2 commercial units. There are six two-bedroom apartments and three one-bedroom apartments and a total of 11 bathrooms in this lovely building. It is centrally located in Stuyvesant Heights, a neighborhood in Bedford Stuyvesant.

Great investment and strong-in-place cash flow. Offering at 4.55% CAP RATE

Currently, all but one of the units are occupied. Tenants pay their own utilities.

Building-wide improvements done in 2011 and include new roof, new mailboxes, recent pointing, new faade.

Do not disturb tenants. Shown by appointment.

Conveniently located close to stores, restaurants, parks and transportation. Just a few short blocks from the A/C and J/M/Z lines and two blocks from Fulton Street.

Listing History for 212 Ralph Ave

Now
04/26/2022
POM by Terri Patterson
Keller Williams NYC
04/07/2022
$3,600,000
Initial Price by Terri Patterson
Keller Williams NYC

Building Details for 212 Ralph Ave

OwnershipIncome Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePost-War
AccessWalk-up
Floors/Apts4/9
Learn More About the Building

Transit and Citi Bike

Subway

Ralph Av
0.28 miles
Halsey St
0.41 miles
Utica Av
0.48 miles
Gates Av
0.49 miles

Citi Bike

Halsey St & Ralph Ave
0.16 miles
Patchen Ave & Bainbridge St
0.18 miles

Contact Agent

Contact Agent

Terri Patterson
Keller Williams NYC

Bushwick | Brooklyn

Quick Profile

As one of the most diverse neighborhoods in New York, Bushwick offers a perfect snapshot of just how multicultural the city is. Long-established as an amalgam of cultures and ethnicities, a wave of varying types of immigrants trickled in from the seventeenth to twentieth centuries, with Bushwick largely becoming a home to Hispanics of Puerto Rican and Dominican backgrounds by the latter part of the twentieth century. 

With the Bushwick Initiative of the mid-00s that aided in revitalization, it became an attractive area to young professionals and artists. And even now, Bushwick has sustained affordable rent prices where other North Brooklyn counterparts, like Williamsburg and Greenpoint, have become more expensive. Priding itself on the weird and the wacky, numerous art collectives thrive in this part of Brooklyn, once famously named the seventh coolest neighborhood in the world by Vogue. 

Though it has drawn in many tourists in recent years (there’s even a graffiti tour you can take from the Bushwick Collective), the neighborhood remains very much community-oriented, and has not been subject to quite the same sort of corporate infiltration phenomenon of its nearby Williamsburg environs. 

But yes, of course, Bushwick has come a very long way from its 80s and 90s reputation as being “The Well,” a nickname given to it for its free-flowing and widely available amount of drugs (quantity over quality being the cliche applied here). 

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 56343TH