About the Listing 8507 - 35818,52747

Rich with Opportunity! - Mixed use bldg built 1905 - Residential 3650sf +/- and 4400 gross - Lot 20 X 72: Bldg 20 x 55 - Currently 4 residential units, potential for 5-6 units - 1 storefront - Finished basement - Structurally sound. - Plumbing and electrical upgrades 10 years old - Roof 10 years old - No local law 11 requirements. - 2 units are owner occupied and remaining 2 would be happy to stay. Currently paying preferred rent. - W/D and/or hook-ups in several units. - Flat roof with amazing views. Ready for a roof deck. This Building in Vibrant Bed-Sty has retained the charm of an old world bldg while having been modernized in baths and kitchens. The opportunity to increase the rent and even the number of units will substantially increase the cap rate. Current average rents in this community: Studios $3000+ 1 beds $3500+ 2 beds $4000+ This building is ready for a new owner and new vision to capitalize on all the opportunities this building provides for the savvy buyer. This four-story mixed-use building in the heart of Bedford-Stuyvesant presents a unique opportunity for investors or end-users seeking versatility and long-term value. While the Certificate of Occupancy designates the property as a group home, it is currently occupied as a mixed-use building with a commercial storefront and four residential-style apartments above. The first floor features a thriving bookstore, seamlessly integrating into the neighborhood's vibrant commercial landscape. Above, the second floor boasts a spacious, full-floor two-bedroom, two-bathroom unit. The third floor is thoughtfully divided into two distinct apartments-one a cozy studio, the other a well proportioned one-bedroom residence. The fourth floor offers a bright and airy two-bedroom, two-bathroom apartment with a penthouse-style ambiance. Additional highlights include a full basement providing ample storage, a private backyard for outdoor enjoyment, and a flat rooftop with panoramic views of Brooklyn, Manhattan, and New Jersey-an ideal spot to take in fireworks on the Fourth of July and New Year's Eve. Situated in a prime location, the property is surrounded by an array of restaurants, bars, parks, and cultural hotspots. With easy access to public transportation and alternate-side street parking available, convenience is a key advantage. Whether as an investment or a personal-use property, this building stands out as a distinctive asset in one of Brooklyn's most sought-after neighborhoods.

Listing Highlights for 115 Ralph Ave

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