429 Ralph Avenue, #1, Brooklyn (Ocean Hill), NY, 11233 | $1,795,000

Welcome to 429 Ralph Avenue,

This amazing corner location offers a rare and exciting chance to acquire a piece of historical Brooklyn. Built in 1927, this three-story brick building features a flexible mixed-use layout with commercial space on the ground floor and residential units above, offering exceptional upside for investors, owner-users, and developers alike in the thriving neighborhood of Crown Heights, Brooklyn. The first floor is currently built as a house of worship. With high ceilings, excellent lighting, and easy access, this space can be transformed into the base for a variety of commercial uses. Upstairs are two one-bedroom, one bath apartments with great views that can be kept as is, renovated or collapsed and turned into a beautiful multi-room home. The basement is large, has ample storage, and access to the outside.

Along with photos of the property as is, we have included some renderings showing all the great potential this space has. Attached to the property is a private parking for up to 3 vehicles.

Delivered 100% vacant; the building allows for immediate renovation, repositioning, or redevelopment - no buyouts, no delays. Fantastic location and great visibility, The property benefits from strong foot traffic, excellent frontage, and prime exposure in a rapidly growing neighborhood.

Property Highlights

Mixed-use building: Ground-floor commercial with residential above

Ideal commercial uses: Restaurant, Cafe, Studio, Office, Pharmacy

Fully vacant delivery

Corner lot with great exposure

Private parking

Generous lot size and favorable building dimensions

R6 zoning, offering flexibility for redevelopment, expansion, or long-term income strategies

Convenient for live/work, retail plus residential, or full investment/development scenarios

About The Neighborhood

This location has strong visibility and foot traffic on a busy street, conveniently located near bustling Utica Ave and just minutes from Fulton Street, the property benefits from immediate access to public transportation, local shops, restaurants, and cultural institutions. Crown Heights continues to attract both residents and businesses, making this an ideal location for long-term growth, development and steady returns. A short walk from The Ralph avenue C train station, this prime corner location is an investors ideal scenario.

A great opportunity for an investor to own a historical, high quality & income producing property in Brooklyn.

Features