by RH Advisors

See Home Value
$1,995,000
Multifamily - Off Market

117 Ralph Avenue #BUILDING

Brooklyn, NY 11221
bedrooms
11 Beds
bathrooms
8 Baths
square feet
4400 Sqft
$2,922,311
RealtyHop Estimate
46.48%
Since Jul 1, 2019
NY-New York
Primary Model

About This Property

With an estimated Cap Rate of 5.6% this is an outstanding opportunity for investors in one of Brooklyn's hottest neighborhoods! The impeccably gut-renovated, legal 4-family brick townhouse at 117 Ralph Avenue is in mint condition, and perfectly located on a historic block in vibrant Bedford Stuyvesant. Receive excellent rental income from 4 fabulous, spacious units featuring hardwood floors, recessed lighting and stylish modern finishes. Residence 1 is a 2 bedroom 2 bathroom garden unit with access to a large rear yard. Residences 2, 3 and 4 have 3 bedrooms and 2 baths. All sun-filled living/dining areas are complemented by beautiful open kitchens appointed with granite counters, tile backsplash and stainless steel appliances. Lovely contemporary bathrooms clad in designer wall and floor tiles and generous closet space optimize the appeal of these very refined units that won't be vacant long! The building also offers a basement with high ceilings and an open layout that can be used for storage and other purposes. Tenants pay their own utilities which is an excellent bonus for the owner. Residents enjoy convenience galore at a prime address that's moments from the Halsey Street (M/J/Z) subway stations, and in close proximity to restaurants, cafes, grocery stores, schools and more!

**Note: Taxes will be significantly lower upon time of possession.  Set up sheets available upon request**
Unit Size
4,400Ft²
Days on Market
240 days
Land Size
-
Price per sqft
$453
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1905
Last updated: 3 months ago (RLS #OLRS-0074225)

Price History

Date / Event Date Event Price
Jun 6, 2019 No longer available -
No longer available
Jun 6, 2019 Sold $1,995,000
Sold
Apr 2, 2019 In contract -
In contract
Nov 13, 2018 Price Decreased $2,000,000
↓ $195K (8.9%)
Price Decreased
Oct 9, 2018 Listed by Compass $2,195,000
Listed by Compass

Property Highlights

Interior Details

Bedroom Information

Bedrooms: 11

Bathroom Information

Full Bathrooms: 8

Interior Information

Living Area: 4400

Room Information

Rooms: 33
Exterior Details

Property Information

Year Built: 1905

Building Information

Outdoor Living Structures: Building Patio, Patio
Pets Allowed: Building Yes, Yes

Lot Information

Lot Size Dimensions: 20.0 x 72.0

Land Information

Tax Lot: 6
Tax Block: 1487


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Multifamily
4 Beds
3 Baths
3,400 ft²
$493/ft²
$1,675,000 Mar 30, 2018
$1,675,000 Aug 30, 2018
-
Multifamily
6 Beds
3 Baths
3,240 ft²
$554/ft²
$1,795,000 Mar 4, 2019
$1,795,000 Jun 3, 2019
-
Multifamily
4 Beds
4 Baths
3,096 ft²
$638/ft²
$1,975,000 Nov 16, 2017
$1,975,000 Feb 13, 2018
-
Multifamily
5 Beds
3 Baths
3,178 ft²
$566/ft²
$1,800,000 Sep 7, 2022
$1,800,000 Feb 13, 2023
-
Multifamily
5 Beds
4 Baths
3,012 ft²
$561/ft²
$1,690,000 Jun 29, 2020
$1,690,000 Jan 25, 2021
-
Multifamily
5 Beds
4 Baths
3,096 ft²
$536/ft²
$1,660,000 May 20, 2020
$1,660,000 Apr 30, 2021
-
Multifamily
11 Beds
3 Baths
-
$1,620,000 May 4, 2023
-
$328/mo
Multifamily
11 Beds
6 Baths
-
$1,659,999 Oct 29, 2021
-
$327/mo
Multifamily
4 Beds
5 Baths
3,750 ft²
$533/ft²
$1,999,000 Jun 22, 2023
-
-
Multifamily
5 Beds
4 Baths
3,776 ft²
$490/ft²
$1,850,000 Jul 29, 2023
-
-
Multifamily
6 Beds
4 Baths
3,660 ft²
$519/ft²
$1,900,000 Feb 24, 2023
-
-
Multifamily
Stu
6 Baths
5,106 ft²
$448/ft²
$2,285,000 Mar 20, 2023
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20181009 Unit BUILDING
10/09/2018
11 Bed
8 Bath
4400 ft²
$2,195,000
bedrooms
11 Bed
bathrooms
8 Bath
square feet
4400 ft²
$1,995,000 -9.11%
06/06/2019
-
Martin Eiden
The Corcoran Group

Building Info

117 Ralph Avenue 117 Ralph Avenue, Brooklyn, NY 11221
  • 4 Units
More about this Building
117 Ralph Avenue
Want to find out who owns 117 Ralph Avenue, Brooklyn, NY 11221? Get detailed property transactions here .

About Northern Brooklyn


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