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188 Suydam St 6 Unit Apartment Building $2,400,000 ($400,000/Unit) 7.26% Cap Rate Brooklyn, NY 11221

Apartment Buildings New York Brooklyn 188 Suydam St, Brooklyn, NY 11221

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Investment Highlights

  • 100% free market walkup in prime Bushwick
  • Protected tax class 2A
  • Upside in rent roll, with 6.73% cap in place and expected 7.26% cap in the near term
  • Download linked OM which contains current and projected rent rolls.

Executive Summary

Broker of Record
Cory Rosenthal
License # 10991237833 (NY)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Price $2,400,000 Building Class C
Price Per Unit $400,000 Lot Size 0.06 AC
Sale Type Investment Building Size 4,500 SF
Cap Rate 7.26% Average Occupancy 100%
No. Units 6 No. Stories 3
Property Type Multifamily Year Built 1931
Property Subtype Apartment Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Apartment Style Low-Rise
Zoning R6
Price $2,400,000
Price Per Unit $400,000
Sale Type Investment
Cap Rate 7.26%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,500 SF
Average Occupancy 100%
No. Stories 3
Year Built 1931
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning R6

Amenities

Unit Amenities

  • Air Conditioning
  • Microwave
  • Security System
  • Refrigerator
  • Oven
  • Smoke Free

Site Amenities

  • 24 Hour Access
  • Security System
  • Tenant Controlled HVAC
  • Smoke Free
  • Trash Pickup - Curbside
  • Walk-Up
  • Smoke Detector

Links

1 1
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Property Taxes

Parcel Number 03218-0027 Improvements Assessment $472,950
Land Assessment $4,950 Total Assessment $477,900

Property Taxes

Parcel Number
03218-0027
Land Assessment
$4,950
Improvements Assessment
$472,950
Total Assessment
$477,900
(914) 584-7422

Still interested?

Contact the brokers for more information about this property

Contacts

  • Listing ID: 38625054

  • Date on Market: 12/2/2025

  • Last Updated:

  • Address: 188 Suydam St, Brooklyn, NY 11221

More public record information on 188 Suydam St, Brooklyn, NY 11221

The Bushwick Multifamily Property at 188 Suydam St, Brooklyn, NY 11221 is currently available. Contact Matthews Real Estate Investment Services for more information.

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188 Suydam St
(914) 584-7422 x

188 Suydam St

DJ Johnston
(914) 584-7422

Bryan Kirk
(313) 402-0917

Evan Kashanian
(914) 561-8609

Robert Moore
(631) 807-4131

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