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  • $1,795,000

    429 Ralph Ave, Brooklyn, NY 11233

    2beds
    2,326sqft
    Loading
    Mixed Use
    Built in 1927
    -- sqft lot
    $1,759,600 Zestimate®
    $772/sqft
    $-- HOA

    What's special

    Welcome to 429 Ralph Avenue, This amazing corner location offers a rare and exciting chance to acquire a piece of historical Brooklyn. Built in 1927, this three-story brick building features a flexible mixed-use layout with commercial space and residential units above, offering exceptional upside for investors, owner-users, and developers alike in the thriving neighborhood of Crown Heights, Brooklyn. The first floor offers high ceilings, excellent lighting, and easy access. This space can be transformed into a variety of commercial uses. Upstairs are two one-bedroom, one bath apartments with excellent lighting and local views that can be kept as is, renovated or transformed into a beautiful and private multi-room home. The basement is large with ample storage, and direct access to Ralph avenue. Attached to the property is private parking for up to 3 vehicles. Along with as is photos of the property, we have included some staged renderings showing all the great potential this space has. Delivery will be 100% vacant & the building allows for immediate renovation, repositioning, or redevelopment. No tenant buyouts, no delays. Fantastic location and great visibility, The property benefits from strong foot traffic, excellent frontage, and prime exposure in a rapidly growing neighborhood. Property Highlights -Mixed-use building: Ground-floor commercial with residential above Ideal commercial uses: Restaurant, Cafe, Studio, Office, Pharmacy, Fitness studio -Fully vacant delivery -Corner lot with great exposure, tons of frontage and private sidewalk access -Private multi car parking -Generous lot size and favorable building dimensions -R6 zoning, offering flexibility for redevelopment, expansion, or long-term income strategies Suitable for live/work, retail plus residential, or full investment/development scenarios About The Neighborhood Conveniently located near bustling Utica Ave and steps from Fulton Street, the property benefits from immediate access to public transportation and local shops. A 20 minute walk in any direction takes you across Crown Heights, through neighboring Bushwick and Bedstuy. With tons of green spaces, beautiful neighborhoods, restaurants, bars and transportation, this area continues to attract both residents and businesses, making this an ideal location for long-term growth, development and steady returns. A short walk from The Ralph avenue C train station, this prime corner location is an investors ideal scenario. A great opportunity for an investor or cash buyer to own a historical, high quality & income producing corner property in Brooklyn.
    42 days
    |
    128
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    3
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    Zillow last checked:

    Listing updated:

    Listed by:

    Douglas Elliman 310-491-4326,

    Dylan Bohbot,

    Anil Jintoorkar

    Source: StreetEasy,MLS#: S1835108

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 5
      • Full bathrooms: 2
      • 1/2 bathrooms: 3
      Rooms
      • Room types: Bike Room
      Features
      • Flooring: Hardwood
      • Has fireplace: No
      Interior area
      • Total structure area: 2,326
      • Total interior livable area: 2,326 sqft

      Property

      Features
      • Patio & porch: Deck
      • Exterior features: Private Roof Deck
      • Has view: Yes
      • View description: City, Park/Greenbelt
      Details
      • Parcel number: 014510011
      • Special conditions: Resale

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Mixed Use
      Materials
      • Roof: Roof Rights
      Condition
      • Year built: 1927

      Community & HOA

      Community
      • Subdivision: Crown Heights
      HOA
      • Has HOA: Yes
      • Amenities included: Roof Deck
      Location
      • Region: Brooklyn

      Financial & listing details

      • Price per square foot: $772/sqft
      • Tax assessed value: $752,000
      • Annual tax amount: $5,076
      • Date on market: 6/24/2026

        Estimated market value

        $1,759,600

        $1.67M - $1.85M

        $4,880/mo

        Price history

        DateEventPrice
        7/10/2026Listed for sale$1,795,000-5.5%$772/sqft
        Source: StreetEasy #S1835108 Report a problem
        12/6/2025Listing removed$1,900,000$817/sqft
        Source: StreetEasy #S1776608 Report a problem
        6/17/2025Listed for sale$1,900,000+105.4%$817/sqft
        Source: StreetEasy #S1776608 Report a problem
        11/5/2018Listing removed$925,000$398/sqft
        Source: Elite Connect Real Estate Inc #422812 Report a problem
        8/15/2018Listed for sale$925,000-2.6%$398/sqft
        Source: Elite Connect Real Estate Inc #422812 Report a problem
        2/28/2018Listing removed$950,000$408/sqft
        Source: My Home Advisors Report a problem
        1/7/2018Listed for sale$950,000+541.9%$408/sqft
        Source: My Home Advisors Report a problem
        5/17/2000Sold$148,000$64/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$5,086 +1.3%$45,120 -2.2%
        2024$5,021 $46,140 -18.5%
        2023-- $56,640 +12.8%
        2022-- $50,220 +16.7%
        2021-- $43,020 +5.9%
        2020$4,521 +2.5%$40,620 +14.9%
        2019$4,410 +7.3%$35,340 +79.8%
        2018$4,112 +3.8%$19,656 +1.1%
        2017$3,963 +7.4%$19,440 +3%
        2016$3,689 $18,865 +6%
        2015$3,689 +66.8%$17,798 +2.5%
        2014$2,212 $17,362
        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Crown Heights

        Getting around

        84 / 100
        Very Walkable
        74 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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