New York, NY 11237

Property

Ownership: For Sale
Type: Multi-Family
Bedrooms: Studio
Lot Size: 0.1 Acres

Financials

Price:$1,799,000
Annual Taxes:$11,668
Listing Courtesy of Prime Realty

Rare Vacant 6 Family Value Add Investment Opportunity Exceptional opportunity to acquire a fully vacant 6 family brick building in the heart of Ridgewood Bushwick.

Description

Rare Vacant 6-Family Value-Add Investment Opportunity Exceptional opportunity to acquire a fully vacant 6-family brick building in the heart of Ridgewood/Bushwick. Vacant for approximately three years, this property offers investors and developers a rare chance to reposition the asset at current market rents without tenant relocation issues. The building contains approximately 4,875 square feet with six residential units across three stories. According to NYC Department of Finance records, the property is classified as a 6-unit residential walk-up (Class 2A) and sits within an R6 zoning district. Located just off Wyckoff Avenue, the property benefits from strong rental demand and excellent transportation access, with nearby subway service providing a quick commute into Manhattan. Property Highlights 6 Residential Units Approx. 4,875 SF Building Size 3 Stories Built in 1931 Fully Vacant Significant Value-Add Potential Opportunity to Set Market Rents Strong Ridgewood/Bushwick Location Annual Property Taxes Approximately $11,668 Whether you're seeking a long-term hold, redevelopment opportunity, or a complete repositioning project, 409 Suydam Street offers a compelling combination of location, scale, and upside potential in one of Brooklyn's strongest rental markets. Delivered vacant and ready for immediate renovation, leasing, or redevelopment.

Amenities

  • Cable - Available
  • Electricity Connected
  • Phone Available
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.