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14-Unit Mixed-Use Building
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374 Ralph Avenue, Brooklyn, NY 11233

Mixed-use building with 12 one-bedroom apartments plus two retail units on a corner lot.

Property SizeContact for details
Days on Market126

Property Features for 374 Ralph Avenue

General Information

Standard status Active
Property subtype Mixed Use

Additional Details

Multifamily Units 12
Listing Agency: Ariel Property Advisors
Listed By: Sean R. Kelly, Esq. · License #NY 10301203478
Source: Crexi
Added: Apr 10 Changed: Aug 8 Last Checked: Jul 21 at 6:11PM

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 Ariel Property Advisors

Investment Insights

Based on property information with market context.

Ariel Property Advisors presents a 14-unit mixed-use building at 374 Ralph Avenue, with 12 residential units and 2 retail spaces. All apartments are one-bedroom. The building is described as having the roof and mechanicals in good working order, with gas heat and an electric system that has been upgraded.

The property sits on the southwest corner of Ralph Avenue and Pacific Street in Crown Heights. The building includes storefronts for a popular local grocery and a variety store. It is noted that the property is rent stabilized, with actual rents lower than the legal rent.

Additional surrounding context includes a retail presence on the block and shopping on Fulton Street, along with nearby local destinations including the South Pacific playground and the Weeksville Heritage Center. Transportation is described as abundant, with the C train about three blocks away on Fulton Street and the B47 bus line on the block.

Key Highlights

  • 14‑unit mixed‑use building at the SW corner of Ralph Avenue and Pacific Street in Brooklyn
  • 12 residential units, all 1 bedroom, plus 2 retail stores on‑site
  • Rent stabilized; actual rents are lower than legal rent, offering upside to a future owner

Property Analytics

Current Use

Yafa Deli 2 Food Market ATM Services, Inc. Atm

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Acupuncture

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12
Residential units

Location Intelligence

Trade Area within ½ mile

3,862
Businesses Nearby

Demographics for 11233, NY

75,399
Population
34,412
Households
2.2
Avg Household Size
35
Median Age
33%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
57,999
Density / Sq Mi
$62,034
Median Household Income
$47,149
Median Earnings
$1,613
Median Rent
$1,013,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Mixed-use building with 12 one-bedroom apartments plus two retail units on a corner lot.
Where is this mixed-use property located?
The property is located at 374 Ralph Avenue Brooklyn, NY.
What are key features of this property?
This property features: 14‑unit mixed‑use building at the SW corner of Ralph Avenue and Pacific Street in Brooklyn; 12 residential units, all 1 bedroom, plus 2 retail stores on‑site; Rent stabilized; actual rents are lower than legal rent, offering upside to a future owner
More about this property
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