$1,500,000
Updated 9 years ago
Sold

536 Ralph Ave

Crown Heights, Brooklyn | Park Place & Sterling Place

26 Rooms8 Beds5 Baths4,080 Square FeetRental Property

$1,500,000
floors / apts3 / 5
Lot Size15'x100'
Building TypeLow-Rise
RE Taxes$6,205
Price Per SF
$368

This property was sold for $950,000 on 06/27/16.

Outdoor space and views

  • Backyard

Building Amenities

  • Voice Intercom
  • Bike Storage
  • Laundry Room
  • Roof Deck

Property Description for 536 Ralph Ave

Sterling Place & Ralph Crown Heights Newly TOTALLY Gut Renovated 5 Family & 1 Storefront for sale! 2 One bedroom apartment & 3 Two bedroom apartment with 14ft ceiling & ALL tenant pays separate heat, cooking gas, electric- owner pays only cold water! Storefront NO lease & apartment ALL no leases & paying below market! Too many recent upgrade & great upside potential! 9 Cap rate. Near train & only 20 minutes to Manhattan! Call 48 hours prior for appointments. Will NOT last! Great Return on Investment ROI! Everything up to codes & VERY low maintenance!

Listing History for 536 Ralph Ave

Now
06/29/2016
$950,000
Sold and Closed by Jean-Paul Ho
Brooklyn Real Property Inc.
05/09/2016
Contract Signed by Jean-Paul Ho
Brooklyn Real Property Inc.

Building Details for 536 Ralph Ave

OwnershipRental Property
Building TypeLow-Rise
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1905
Floors/Apts3/5
Learn More About the Building

Transit and Citi Bike

Subway

Sutter Av-Rutland Rd
0.44 miles

Citi Bike

Sterling Pl & Ralph Ave
0.02 miles
Park Pl & Buffalo Ave
0.16 miles

Contact Agent

Contact Agent

Jean-Paul Ho
Brooklyn Real Property Inc.

Crown Heights | Brooklyn

Quick Profile

Originally known as Crown Hill by the Lenape Indians that lived there, Crown Heights has evolved into a diverse neighborhood, occupied primarily by Hasidic Jews and one of the largest Caribbean populations to be found anywhere outside of the West Indies. 

Head over to Nostrand Avenue, one of the main West Indian commercial areas in the neighborhood, which is lined with stores that have been in those exact same places for generations, providing their goods and services to area residents. Kingston Avenue has similar commercial activities that support the Jewish community, and Franklin Avenue shows the most signs of change and gentrification, with an ever-expanding mix of yoga studios, coffee shops, and organic grocery stores that serve the influx of young professionals. No matter which of these areas you visit, you will find an interesting mix of businesses that you wouldn’t normally picture as existing side-by-side. It is all part of the cultural diversity of Crown Heights.

The neighborhood is bisected, from east to west, by Eastern Parkway, which is a beautiful, 3-mile-long boulevard lined with mature trees. This leafy oasis was designed by Frederick Law Olmsted, famed designer of Central Park, the Biltmore Estate in North Carolina, and the U. S. Capitol in Washington, D. C.

You will find a mix of low-rise apartment buildings, large middle-class elevator buildings, brownstones, and some luxury buildings. Century-old architecture stands next to modern residential developments in a visually interesting mix of styles, much as the diversity of the residents exists. People who would not normally meet and mix are forging new pathways to cultural understanding by working, living, and playing together in the same neighborhood.

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: 63158TH