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296 Suydam St, Bushwick, NY 11237 296 Suydam St 6 Unit Apartment Building $1,298,000 ($216,333/Unit) Brooklyn, NY 11237



Executive Summary
Prime Investment Opportunity in Bushwick, NY Discover the potential of 296 Suydam Street, where opportunity meets prime location in the heart of Bushwick, NY. This expansive 7,000 SF property offers a rare chance to own a six-apartment building, including two vacant first-floor units with a basement and backyard, providing endless possibilities for investors and end-users alike. Situated directly opposite Maria Hernandez Park, offering serene park views and an active community atmosphere. Offered at 214 per SF, making it a highly attractive opportunity in the booming Bushwick market. The vacant first-floor units provide a blank canvas for customization, while the existing apartments generate consistent rental revenue. Take advantage of Bushwick’s strong rental market with immediate leasing opportunities or reposition for higher returns. Optimize the R6 zoning and Unused FAR to enhance the property's value with additional buildable space. Close to multiple subway lines and bus routes, offering seamless access to Manhattan and surrounding boroughs. This is a rare opportunity to secure a high-demand property in one of Brooklyn’s most dynamic neighborhoods. Don’t miss out. Unlock the full potential of 296 Suydam Street
Property Facts
| Price | $1,298,000 | Lot Size | 0.06 AC |
| Price Per Unit | $216,333 | Building Size | 5,250 SF |
| Sale Type | Investment | Average Occupancy | 67% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1931 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | R6 - Medium density residential district | ||
| Price | $1,298,000 |
| Price Per Unit | $216,333 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 5,250 SF |
| Average Occupancy | 67% |
| No. Stories | 3 |
| Year Built | 1931 |
| Opportunity Zone |
Yes |
| Zoning | R6 - Medium density residential district |
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Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (99)
Bike Score®
Biker's Paradise (96)
Property Taxes
| Parcel Number | 03220-0020 | Improvements Assessment | $551,700 |
| Land Assessment | $5,850 | Total Assessment | $557,550 |
Property Taxes
Parcel Number
03220-0020
Land Assessment
$5,850
Improvements Assessment
$551,700
Total Assessment
$557,550
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296 Suydam St, Bushwick, NY 11237 | 296 Suydam St
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