677 Ralph Avenue, New York, NY, 11212
$975,000
activeBedrooms
0
Lot Size
2,500 sqft
Year Built
1930
Type
Multi Family
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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.
Listed by Trevor Deblase, Keller Williams Legendary
Listings courtesy of OneKey® MLS as distributed by MLS GRIDBased on information submitted to the MLS GRID as of Aug 5, 2026, 9:01 AM UTC (date and time MLS GRID Data was obtained). All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID.
Copyright concerns? See our DMCA notice.
Fill out the form below and an agent will get back to you.