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Sold

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$2,366,800

117 Ralph Ave

117 Ralph Avenue, Brooklyn, NY 11221

Description

With an estimated Cap Rate of 5.8% 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 and 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.

Features

11 Beds

8 Baths

4,400 Sq.Ft. Living Area

0.26 Acres Lot

Features & Amenities

Interior

Total Bedrooms 11
Total Bathrooms 8
Full Bathrooms 8
Other Interior Features Dishwasher, Dryer, Washer, Fireplace, Hardwood Floors

Area & Lot

Status Sold
LIVING SPACE 4,400 Sq.Ft.
LOT SIZE 0.26 Acres
Type Residential
Year Built 1905

Financial

SALES PRICE $2,366,800
117 Ralph Ave

"Lovely contemporary bathrooms clad in designer wall and floor tiles and generous closet space..."

Martin Eiden

"The building also offers a basement with high ceilings and an open layout that can be used for storage and other purposes."

 Martin

Martin Eiden

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