Listed by Prime Realty
$1,799,000
409 Suydam Street
Details
APN 03211-0038
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 6
Year Built 1931
Acreage 0.057
Zoning R6
Multifamily | 6 Units
Marketing 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.
Listing Contacts
Listed by Prime Realty
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