Updated Dec 20, 2023
Joe Jacobs Acquires Multifamily Property On Suydam St. In Bushwick, Brooklyn For $1.3M
400 Suydam St, Bushwick, Brooklyn, NY, USA
$1,285,000
$217/SF
Building Size
5,919 SF
Asset Type
MultiFamily
Closing
May 3, 2021
About this deal
AI
A multifamily property located at 400 Suydam St. in Bushwick, Brooklyn, was recently sold in a closed transaction. The property is situated in a R6-zoned area and features 6 units. It spans a total of 5,919 square feet and has a buildable square footage of 9,103. The property was sold for $1,285,000, with a price per square foot of $217. The buyer, Joe Jacobs, acquired the property from the seller, Vera Alcides.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,285,000
- Market: Bushwick, Brooklyn
- Zoning: R6
- Address: 400 Suydam St.
- Buyer: Joe Jacobs
- Seller: Vera Alcides
Tiffany Jack from Venture Capital Properties represented both the buyer and the seller in this deal. Venture Capital Properties specializes in real estate transactions in Brooklyn and Manhattan below 96th St. Their services include multi-family, mixed-use, and retail leasing. To connect with Tiffany Jack and explore aggressively negotiated deals, reach out to [email protected] or call 917-378-3522.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.34%
Cash-on-Cash
-3.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93