677 Ralph Avenue, Brooklyn, NY 11212
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
677 Ralph Avenue,Brooklyn, NY 11212
$975,000
- - Beds
- - Baths
- 3,280 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Fri, Aug 0704:30 pm - 06:30 pm
Listed by: trevor deblase
Office: keller williams legendary
MLS#:1034916
Source:OneKey MLS
Price summary
- Price:$975,000
- Price per sq. ft.:$297.26
About this home
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....
Contact an agent
Home facts
- Year built:1930
- Listing ID #:1034916
- Added:1 day(s) ago
- Updated:August 06, 2026 at 11:11 AM
Rooms and interior
- Basement:Yes
- Basement Description:Finished
- Living area:3,280 sq. ft.
Heating and cooling
- Heating:Oil
Structure and exterior
- Year built:1930
- Building area:3,280 sq. ft.
- Lot area:0.06 Acres
- Construction Materials:Brick
Schools
- High school:Acad For College Prep And Career Exp
- Middle school:Acad For College Prep And Career Exp
- Elementary school:Brooklyn Arts And Science Elementary
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$975,000
- Price per sq. ft.:$297.26
- Tax amount:$10,260 (2025)
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