Multifamily in Heart of Bushwick

417 Suydam Street


Size 4,875 SF
Units 6
NOI $163.795
Cross Streets Wyckoff Ave + St Nicholas Ave
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Multifamily 417 Suydam Street, Bushwick
Matthew Cosentino
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Gross Annual Income $193,200
Lot Size 25 ft x 100 ft


TerraCRG has been retained to represent ownership in the sale of 417 Suydam Street, a fully free-market multifamily building in the heart of Bushwick.

Located between Wyckoff Avenue and St Nicholas Avenue, 417 Suydam Street provides the opportunity to acquire a six-family, free-market multifamily asset. The three-story building is 4,875 SF set on a 25 ft x 100 ft lot with 625 SF of additional air rights.

After extensive condo-level renovations, the building was deregulated via the Substantial Rehabilitation process. The basement is also finished and includes shared laundry amenities, and the units each have separate heating. The effective gross income is $189,336 with an NOI of ~$163,795.


The building is advantageously situated on one of the most prime blocks of Bushwick. There is a myriad of dining, arts and entertainment in the immediate vicinity including House of Yes, Butcher’s Son, The Bushwick Collective, Sea Wolf, Alphaville, The Johnsons, The Three Diamond Door, Artichoke Pizza, L train Vintage and the Cobra Club. 417 Suydam Street is also just two blocks from the L train at Jefferson Street Avenue (providing a 15-minute commute to Union Square) and Maria Hernandez Park.

House of Yes
Butcher’s Son
The Bushwick Collective
Sea Wolf
The Johnsons
The Three Diamond Door
Artichoke Pizza
L train Vintage and the Cobra Club

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