Home Details for 677 Ralph Avenue

Investor Opportunity – Legal 4-Family with Significant Upside Unlock the potential of this legal 4-family brick building offering immediate value-add opportunities in one of Brooklyn's established residential neighborhoods. Whether you're looking to renovate, reposition, or expand your portfolio, this property presents multiple avenues to increase cash flow and long-term equity. The building consists of three 2-bedroom apartments and one spacious 3-bedroom apartment. Two of the 2-bedroom units are vacant, providing the rare opportunity to renovate and lease at today's market rents from day one. A third 2-bedroom unit is occupied by non-paying tenants, while the 3-bedroom apartment is occupied by long-term tenants paying below market rent, creating additional upside for investors with a long-term asset management strategy. Solid brick construction, generous apartment layouts, and multiple vacant units make this an increasingly hard-to-find opportunity for investors seeking to add value through renovations and improved operations. Property Highlights: Legal 4-family brick building (3) Two-bedroom apartments (1) Three-bedroom apartment Two vacant 2-bedroom units ready for renovation or immediate repositioning One occupied 2-bedroom unit with non-paying tenants One occupied 3-bedroom unit cooperative tenants paying below-market rent Strong value-add and income-growth potential Ideal for experienced investors, developers, or multifamily operators Opportunity to significantly increase NOI through strategic improvements and lease optimization Properties offering this combination of vacant units, rental upside, and long-term appreciation potential are becoming increasingly scarce. Bring your vision and capitalize on the opportunity to transform this asset into a high-performing investment. Being sold as-is. Buyer to perform their own due diligence regarding tenancy, rents, and building condition.

• Utilities

  • Natural Gas Available
  • Cable Connected
  • Natural Gas Connected

• Heating Information

  • Oil
  • Other

• Parking

  • No Garage
  • None

• Cooling Information

  • Wall/Window Unit(s)

• Water Features

  • Public

• House Interior

  • Other

• Basement

  • Finished