9-Unit Mixed-Use Corner Asset at 233 Ralph Avenue
FOR SALE
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$3,650,000
233 Ralph Avenue, Brooklyn, NY 11233
7,040 SF
Square Feet
$518
PPSF
7
Units
500.0K
PPU
7.10%
CAP
Property Description
Units
7 — PPU: 500.0K
NOI
$259,090
Cap Rate
7.10%
- 9-unit mixed-use corner asset in Bedford–Stuyvesant
- 88% free-market rent roll with zero current vacancies
- Strong in-place NOI with ~7.1% cap rate (7.25% with antenna sale)
- Stable commercial income including Verizon rooftop lease through 2040
- Attractive basis at $518/SF with durable 3-bedroom unit mix
Property Details
Asset Type
Mixed-use
Zoning
R6B, C2-4
Lot Size
1,826 SF
Neighborhood
Stuyvesant Heights
Submarket
Brooklyn
ZIP
11233
Listing Type
sale
Offering Memorandum
30 years
10 years
Net Operating Income (NOI)
$411,046
Debt Service Coverage Ratio (DSCR)
1.98x
Cap Rate
11.26%
Cash Flow (Annual)
$203,412
Cash-on-Cash Return
22.29%
Monthly Debt Service
$17,303
Annual Debt Service
$207,634
View on Map
Address
233 Ralph Avenue
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Brooklyn Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale
No investors found in this market.
