Suydam Street Apartments
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Suydam Street Apartments
5 Residential Properties Offered at £5,490,870 in Brooklyn, NY
Executive Summary
75-83 Suydam Street is a portfolio of five new 2019 ground-up construction buildings with a total of 15 free-market units. With each address consisting of between 2 and 4 units, this portfolio achieves free-market status and tax class protection by having been divided into smaller divisions.
Solid construction and great layouts, the Suydam portfolio makes great use of basement space and takes advantage of its corner position to have ample windows and light on all sides.
Meticulously built units all featuring PTACs, dishwasher, in-unit laundry, and various arrangements of private outdoor space in most units, these apartments check all the boxes for the modern tenant.
Asking price is a turn-key 5.2 cap, with easy room to get to 7.56% on the pro-forma based on market rents.
Don’t miss this opportunity to own a trophy asset in a prime Bushwick location at a competitive price.
Solid construction and great layouts, the Suydam portfolio makes great use of basement space and takes advantage of its corner position to have ample windows and light on all sides.
Meticulously built units all featuring PTACs, dishwasher, in-unit laundry, and various arrangements of private outdoor space in most units, these apartments check all the boxes for the modern tenant.
Asking price is a turn-key 5.2 cap, with easy room to get to 7.56% on the pro-forma based on market rents.
Don’t miss this opportunity to own a trophy asset in a prime Bushwick location at a competitive price.
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access |
Annual |
|---|---|
| Gross Rental Income |
-
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| Other Income |
-
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| Vacancy Loss |
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| Effective Gross Income |
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| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | £5,490,870 | Status | Active |
| Price / SF | £360.93 / SF | Number of Properties | 5 |
| Sale Conditions | Portfolio Sale | Individually For Sale | 0 |
| Net Initial Yield | 5.18% | Total Building Size | 15,213 SF |
| Sale Type | Investment | Total Land Area | 0.11 AC |
| Price | £5,490,870 |
| Price / SF | £360.93 / SF |
| Sale Conditions | Portfolio Sale |
| Net Initial Yield | 5.18% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 15,213 SF |
| Total Land Area | 0.11 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 77 Suydam St, Brooklyn, NY 11221 | Residential | 3,228 SF | 2018 | - |
| 79 Suydam St, Brooklyn, NY 11221 | Residential | 2,703 SF | 2018 | - |
| 81 Suydam St, Brooklyn, NY 11221 | Residential | 1,513 SF | 2018 | - |
| 83 Suydam St, Brooklyn, NY 11221 | Residential | 2,140 SF | 2018 | - |
| 75 Suydam St, Brooklyn, NY 11221 | Residential | 5,628 SF | 2018 | - |
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Suydam Street Apartments
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