241 Ralph Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11233- Bedford-Stuyvesant
$3,600,000 USD
718-360-8801
241 Ralph Ave, Brooklyn, NY for Sale
$3,600,000 USD
Storefront Retail/Residential - FOR SALE
1/17
null | 5.98% Cap Rate

241 Ralph Ave
Brooklyn, NY 11233
Bedford-Stuyvesant


OVERVIEW

Investment Property Realty Group (IPRG) has been exclusively retained to sell 241 Ralph Avenue. The subject property is located on the corner of Ralph Avenue and Chauncey Street in Bedford-Stuyvesant, Brooklyn. A newly renovated investment property spanning 6,583 square feet, comprising 7 apartments and 2 storefronts. The building benefits from J-51 tax advantages and features a rare configuration with 4 private townhomes, making this one of a kind. Currently generating a gross income of $24,826 per month and $297,907 annually, this property is a strong income-generating asset. Located just 3 blocks from the Ralph Ave C train, it offers exceptional convenience and accessibility in a growing neighborhood.

FOR SALE DETAILS

PRICE

$3,600,000 USD

PRICE/SF

$547 USD /SF

CAP RATE

5.98%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

2B

APN/PARCEL ID

01508-0001

ASK ABOUT THIS PROPERTY

Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

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Derek BestreichInvestment Property Realty GroupMore Info
718-360-8801

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.