Bushwick Multifamily Package | 5 Contiguous Buildings | 15 Apartments | 15,212 SF | 100% Free-Market
$6,600,000
75, 77, 79, 81, 83 Suydam Street, Brooklyn, NY 11221
For Sale
Multifamily
Active
Last Updated: 04/18/2025
9.2
Projected Cap Rate
10,059 sqft
Building Size
Details:
Projected Cap Rate: 9.2%
Building Size: 10,059 sqft
GRM: 14.1
Year Built: 2019
Highlights:
- Five buildings consisting of 15 units
- All buildings have been newly-built in 2019
- 100% Free-Market
- Value-add potential
- Buildings are exempt from Good Cause Eviction
- 13 out of 15 units are expiring within 5 months
- Below Market Rents of 30-40%
- Tenants pay for heat
- The properties are located near a busy retail corridor in Bushwick, near shopping, dining and entertainment options
- Within walking distance to Central Avenue Stations (M train)
Location
Gallery
