115 Ralph Avenue, Brooklyn (Stuyvesant Heights), NY, 11221 | $2,500,000

A Beautiful Building in Bed-Stuy!

This four-story mixed-use building in the heart of Bedford-Stuyvesant presents a unique opportunity for investors or end-users seeking versatility and long-term
value. While the Certificate of Occupancy designates the property as a group home, it is currently occupied as a mixed-use building with a commercial storefront and four residential-style apartments above.

The first floor features a thriving bookstore, seamlessly integrating into the neighborhood's vibrant commercial landscape. Above, the second floor boasts a spacious, full-floor two-bedroom, two-bathroom unit. The third floor is thoughtfully divided into two distinct apartments-one a cozy studio, the other a well proportioned one-bedroom residence. The fourth floor offers a bright and airy two-bedroom, two-bathroom apartment with a penthouse-style ambiance.

Additional highlights include a full basement providing ample storage, a private backyard for outdoor enjoyment, and a flat rooftop with panoramic views of Brooklyn, Manhattan, and New Jersey-an ideal spot to take in fireworks on the Fourth of July and New Year's Eve.

Situated in a prime location, the property is surrounded by an array of restaurants, bars, parks, and cultural hotspots. With easy access to public transportation
and alternate-side street parking available, convenience is a key advantage.

Whether as an investment or a personal-use property, this building stands out as a distinctive asset in one of Brooklyn's most sought-after neighborhoods.

Features

  • Town: Brooklyn
  • Levels: 4
  • Cooling: Unknown Type
  • Laundry: None
  • Year Built: 1905
  • Building Access : Walk-up
  • Service Level: None
  • OLR#: RPLU850723311007
  • Days on Market: 96 days
  • Website: https://www.raveis.com
    /eprop/RPLU850723311007/115ralphavenue_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Fred HenningStrategic Growth & Sales Manager

617.797.6021

Fred.Henning@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
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To learn more about our credentials, visit raveis.com today.

Michael CartierVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1017266

508.335.8179

Michael.Cartier@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Daniel RobertsonInsurance Sales Director, William Raveis Insurance

203.506.7567

Daniel.Robertson@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

115 Ralph Avenue, Brooklyn (Stuyvesant Heights), NY, 11221

$2,500,000

Fred Henning

Strategic Growth & Sales Manager

William Raveis Real Estate

Phone: 617.797.6021

Fred.Henning@raveis.com

Michael Cartier

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 508.335.8179

Michael.Cartier@raveis.com

NMLS Mortgage Loan Originator ID 1017266

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,000,000 $2,000,000 $2,000,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.750% 6.625% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.712% 6.764% 6.435%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,671 $12,806 $17,148
Total Monthly Payment $11,796 $12,931 $17,273

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.