Modern Mixed-Use Building

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SALE$1,700,000 | 98 Suydam St., Brooklyn, NY 11221

Prime Realty presents a beautiful brick and stucco modern mixed-use building. The property was built in 2014. It boasts two residential units which are are currently on month-to-month leases. The first unit is a twobedroom, one bathroom that has sliding doors leading to a private roof deck. and the second is Five- bedroom duplex and two bathrooms has a separate private roof deck. The property also includes two commercial units with a store front located on Myrtle Avenue and Suydam Street. Each apartment has stainless steel appliances, washer and dryer, wall unit air conditioners, separate heat and hot water . The M train is 1 block away and Myrtle Avenue J train is 3 blocks away. It is a perfect opportunity for a long-term investor.

Property Features

  • Property Type: Mixed Use
  • Investment Type: Value Add
  • Price/St Ft: $366.70
  • Occupancy: 100%
  • Units: 4
  • Stories: 4
  • Lot Size (sq ft): 1,600
  • Subtype: Multifamily
  • Square Footage: 4,636
  • Cap Rate: 5.75%
  • Noi: $97,704
  • Year Built: 2014
  • Zoning: R6, C2-3

 

All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Courtesy of Prime Realty.

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