Mixed-Use Building with Ground
526 Ralph Ave Brooklyn, NY 11233
For Sale
$959,999
Three-story mixed-use building with ground-floor commercial space and two residential units above.
Property Size2,700 SF
Lot Size0.04 Acres
Price / SF$355.56
Days on Market20
Property Features for 526 Ralph Ave
General Information
- Standard status
- Active
- Size
- 2,700 SF
- Lot size
- 0.04 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1899
Listing Agency:
(917) 849-9523
Listed By:
Soraya H. Williams
(917) 849-9523
Source:
Elliman
Added: Jul 5
Changed: Jul 22
Last Checked: Jul 23 at 3:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Soraya H. Williams
Investment Insights
Based on property information with market context.
This three-story mixed-use property was built in 1899 and includes two residential units above a ground-floor commercial space. The building sits on a 20' x 95' lot and is configured to support both residential and commercial occupancy within the same structure.
The property is located in Brooklyn’s Weeksville/Crown Heights area, with access to public transportation as well as nearby dining, shopping, parks, and schools. Transit access is supported by a very high transit score, along with very walkable and very bikeable ratings.
As a mixed-use setup, the building offers a straightforward live-work and income-producing layout, with the ground-floor commercial component paired with residential units on the upper level.
The property is located in Brooklyn’s Weeksville/Crown Heights area, with access to public transportation as well as nearby dining, shopping, parks, and schools. Transit access is supported by a very high transit score, along with very walkable and very bikeable ratings.
As a mixed-use setup, the building offers a straightforward live-work and income-producing layout, with the ground-floor commercial component paired with residential units on the upper level.
Key Highlights
- Three‑story mixed‑use building with ground‑floor commercial space and two residential units above
- Built in 1899
- Approximately 2,700 SF building size on a 20' x 95' lot (approximately 1,900 SF)
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $152.9k | $56.64 |
| − Vacancy | −$3.1k | −$1.13 |
| EGI | $149.9k | $55.51 |
| − OpEx | −$67.4k | −$24.98 |
| NOI | $82.4k | $30.53 |
2,700 SF · lease $56.64/SF/yr · vacancy 2.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$1.85M
$1.62M – $2.16M
NOI $129,477 @ 7.0% cap · market cap 13.49%
Second Best
Mixed Use
$1.40M
$1.23M – $1.63M
NOI $98,010 @ 7.0% cap · market cap 10.21%
Theoretical Best
Specialty Retail
$2.24M
$1.96M – $2.61M
NOI $156,492 @ 7.0% cap · market cap 16.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Praise and Worship God ...
Church
Church of Praise and Worship ...
Food Bank
A. Andrew Harrison CPA ...
Accounting Firm
FAQs
What type of property is this?
Mixed-use property - Three-story mixed-use building with ground-floor commercial space and two residential units above.
Where is this mixed-use property located?
The property is located at 526 Ralph Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $959,999.
What are key features of this property?
This property features: Three‑story mixed‑use building with ground‑floor commercial space and two residential units above; Built in 1899; Approximately 2,700 SF building size on a 20' x 95' lot (approximately 1,900 SF)
