Listed by Matthews
$2,400,000
188 Suydam Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,500
Net Rentable (SqFt) 4,500
Units 6
Cap Rate 6.73%
NOI $161,549
Occupancy 100%
Pro-Forma Cap Rate 7.26%
Pro-Forma NOI $174,120
Price per SqFt $533
Broker Co-Op Yes
Buildings 1
Stories 3
Lot Size (SqFt) 2,500
Zoning R6
Investment Type Value Add
6 FM Units | Near Term 7.25% Cap Rate
Marketing description
Investment highlights
100% free market walkup in prime Bushwick
Upside in rent roll, with 6.73% cap in place and expected 7.26% cap in the near term
Protected tax class 2A
Download linked OM which contains current and projected rent rolls.
Listing Contacts
Listed by Matthews
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$161,549.00
$13,462.42/mo
Valuation Metrics
0
DSCR
6.73%
Cap Rate
6.73%
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Brokerage Phone
Title
Brokerage Address
Name
License
Name
License
Brokerage
Title
Brokerage Address
Name
License
Brokerage Phone
Is there information that looks off?
