429 RALPH Avenue
$1,495,000
MLS# RLS20101199 · Crown Heights
Originally listed at $1,795,000. Price last reduced on November 3, 2026.
Listed July 2, 2026 · 132 days on the market
2 Beds 3 Baths
About This Property
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.
Agent's Note
From Curtis Bain. Details about the apartment are drawn from the listing information provided through RLS by Douglas Elliman Real Estate.
Private parking for up to three vehicles is attached to this 1927 corner building on Ralph Avenue. On a property that mixes commercial and residential use, having that much parking on site gives you a practical option for staff, customers, or your own car.
The ground floor is the commercial space, and the listing describes it with high ceilings, good lighting and easy access. Ceilings like these can give a retail or studio space a sense of volume and more room to arrange furnishings or fixtures. How the floor is laid out will matter as much as the height, though. The listing suggests uses including a restaurant, cafe, studio, office, pharmacy or fitness studio.
Upstairs are two apartments that the listing says have good light and local views. They can stay as they are, be renovated, or be combined into one larger private home. The listing also says the building will be delivered fully vacant, which gives a buyer more control over the sequence of work.
Storage is handled below grade, where the basement offers plenty of room and a separate entrance from the street. The corner lot has frontage on two sides and private sidewalk access, which helps the commercial space stand out. The C train at Ralph Avenue is a short walk away, and Fulton Street is steps from the property.
The residences include a washer and dryer in the unit, which is a real everyday convenience in a building like this. I'd look at how the upstairs layouts would work with those appliances before deciding whether to keep, renovate or combine the two apartments.
Quick answers+
Does the apartment have in-unit laundry?
Yes. A washer and dryer are in the unit.
Is there parking at the property?
Yes. Private parking for up to three vehicles is attached to the property.
Are pets allowed?
Yes. The building allows pets and is smoke-free.
Curtis Bain
Brown Harris Stevens
Property Features
Policies
- Pets allowed
- Smoke-free
Home features
- Washer/dryer in unit
- Window air conditioning units
Building amenities
Services and facilities
- Green building
Estimate
Monthly Cost & Closing Costs
The rate is a placeholder, not a quote. Enter the one your lender gives you.
$7,983 / month
- Principal and interest$7,560
- Property taxes$423
Due at closing
- Down payment (20%)$299,000
- NYS “mansion tax” (1%)$14,950
- Mortgage recording tax (1.925%)$23,023
Not included: attorney, title insurance, lender and appraisal fees, board application and move-in fees, flip tax and prepaid items. Estimates only, based on the published New York State rates. Your attorney and lender will confirm the real figures.
About the Building
429 Ralph Avenue is a 2-story mixed-use residential in Crown Heights, completed in 1927 and home to 2 residential units.
The closest subway is Ralph Av (C), about a 8-minute walk. South Pacific Playground is roughly 2 minutes away on foot.
Compiled from NYC public records and open data.
- Year Built
- 1927
- Stories
- 2
- Units
- 2
- Building Type
- Mixed-Use Residential
Location & Nearby
Map
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429 RALPH Avenue
Subway
- CRalph AvAbout 8 min walk
Parks
- South Pacific PlaygroundAbout 2 min walk
- Woods PlaygroundAbout 9 min walk
- Hilltop PlaygroundAbout 10 min walk
Public schools · Elementary schools
- Dr. Jacqueline Peek-Davis SchoolAbout 4 min walk
- P.S. 191 Paul RobesonAbout 6 min walk
- P.S. 335 Granville T. WoodsAbout 9 min walk
Middle schools
- Ronald Edmonds Learning Center IIAbout 4 min walk
- The Brooklyn Green SchoolAbout 9 min walk
High schools
- Eagle Academy for Young Men IIAbout 11 min walk
- Brooklyn Collegiate: a College Board SchoolAbout 12 min walk
Walking times are estimates. Schools shown are the nearest public and charter schools and are not zone assignments; a nearby school is not necessarily the one an address is zoned for. Confirm zoning with the NYC Department of Education. Sources: MTA, NYC Parks and NYC Department of City Planning open data.
The Neighborhood
About Brooklyn
Crown Heights is covered by our Brooklyn guide.
A dynamic borough offering architecturally significant residences, world-class culture, and an unmatched creative energy.
Walkability
9/10
Public transit
8/10
Schools
7/10
Dining
9/10
Groceries & parks
8/10
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Gallery
Property Photos
Listing Courtesy of Douglas Elliman Real Estate
This 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.