Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
429 RALPH Avenue
Interested in this property?
Active For Sale Mixed Use

$1,795,000

429 RALPH Avenue

Crown Heights, Brooklyn

MLS® #RLS20101199

RLS at REBNY

Listing by Douglas Elliman Real Estate

Open House Scheduled

Friday, July 17 • 11:00 AM – 12:30 PM

REBNY 2025: signed Buyer Representation Agreement required before any showing.

2

Bedrooms

2.5

Baths

N/A

Sq. Ft.

N/A

Year Built

Quick Summary

Bedrooms 2
Bathrooms 3 full, 4 half
Year Built N/A
Ownership None
Property Taxes $5,076/yr
Neighborhood Crown Heights
Floor 1 of 2

Property Highlights

  • Views: Other
  • Climate Control: Window Units

Property Details

Type Mixed Use
Ownership None
Total Rooms 4
Baths 2 Full, 4 Half
Floor 1 of 2
View Other
Cooling Window Units
Pets Yes
Structure Type MixedUse
Basement Other
Parcel # 01451-0011
Block/Lot 01451/0011

Listing History

Event Date Price Change
Listed Jul 2, 2026 $1,795,000 -
Currently Jul 2, 2026 $1,795,000 -

Description

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.

Features & Amenities

Interior Features

Smoke Free In Unit

Exterior Features

None

Building Amenities

Green Building

Building Information

Building Data View Compliance & Permits
Total Units 2
Stories 2
Structure MixedUse

Financial Details

RE Taxes $5,076/yr ($423/mo)

Crown Heights is a dynamic and architecturally rich neighborhood in central Brooklyn. Famous for its grand boulevards and impressive collection of pre-war apartment buildings and brownstones, the area offers a sense of scale and history. Residents enjoy proximity to the Brooklyn Museum, the Botanic Garden, and a active restaurant scene along Franklin and Nostrand Avenues, making it a popular choice for those seeking space and culture.

Crown Heights Live Market Data

View Neighborhood

Active Listings

81

Median Asking Price

$1.38M

Median $/Sqft

$1,068

Avg Days on Market

N/A

New This Week

1

Price Reduced

16%

Sold (30 Days)

25

Median Sale Price

$1.47M

Live data from RLS at REBNY • Updated 7/2/26, 7:56 PM EST

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Location

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429 RALPH Avenue, Crown Heights, Kings County

Floor Plans

Floor Plan 1

Building Information

Official NYC property records for this building

1927
Year Built
99 years old
2
Floors
2
Residential Units
R6
Zoning District
Primarily Residential Mixed Use

Tax & Assessment

Assessed Value: $52,860
Land Value: $8,940
Exemptions: $0

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 1,331 SF
Building Area: 2,326 SF
Built FAR: 1.75
Allowed FAR: 2.43

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed annual property tax is $5,076, or roughly $423 per month. Verify the current assessment with your attorney before closing.

This property has 2 bedrooms and 2 full bathrooms and 4 half bathrooms.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20101199
First Listed: 7/2/2026
On Market: 7/2/2026
Price Changed: 7/2/2026
Contract Date: 7/2/2026

Listing Courtesy of Douglas Elliman Real Estate - Dylan Bohbot

Listing Contact: (310) 491-4326

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 7/2/2026 at 11:56 PM UTC

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