3-Unit Residential
81 Suydam Street MULTI, Brooklyn, NY 11221
For Sale
$1,725,000
A vacant two-bedroom duplex pairs with two occupied two-bedroom apartments, offering separate residential and rental configurations.
Property Size2,800 SF
Days on Market292
Property Features for 81 Suydam Street MULTI
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
in-unit washer/dryers
hardwood floors
PTAC heating and cooling systems
modern finishes
private backyard
Building Details
Building Size
Year Built
Buildings
Construction
Tenancy
Listing Agency:
Compass
Listed By:
Jack LeGuelaff · License NY #10401326617
(516) 232-4114
Source:
Tricialee
Added: Jan 23
Changed: Nov 9
Last Checked: Nov 10 at 4:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Built in 2018, this 2,800-square-foot triplex contains three apartments. The first-floor residence is a two-bedroom duplex with private backyard access; it is undergoing renovation and is to be delivered vacant and fully renovated. Two additional two-bedroom apartments occupy the second and third floors, and both are currently rented. Each apartment has an in-unit washer and dryer, hardwood flooring, PTAC heating and cooling, and modern finishes.
Transit options include the L and M trains at Myrtle-Wyckoff Avenues and the J and Z trains at Myrtle Avenue. The property is located at 81 Suydam Street in Brooklyn.
Transit options include the L and M trains at Myrtle-Wyckoff Avenues and the J and Z trains at Myrtle Avenue. The property is located at 81 Suydam Street in Brooklyn.
Key Highlights
- Three apartments totaling 2,800 square feet
- First‑floor, two‑bedroom duplex with private backyard access, to be delivered vacant and fully renovated
- Two‑bedroom apartments on the second and third floors are currently rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,061
Cap Rate
5.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,220
$2.0M
Cap Rate 7%
$1,400,871
$1.4M
Cap Rate 9%
$1,089,567
$1.1M
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$142.8K $51.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$140.1K $50.03/SF
− OpEx
−$42.0K −$15.01/SF
NOI
$98.1K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,961,220
Cap Rate 7%
$1,400,871
Cap Rate 9%
$1,089,567
Alternative Uses
Best Use
Multifamily LT 5
$1.40M
$1.23M – $1.63M
NOI $98,061 @ 7.0% cap · market cap 5.68%
Second Best
Apartment 5plus
$1.22M
$1.07M – $1.42M
NOI $85,481 @ 7.0% cap · market cap 4.96%
Theoretical Best
Specialty Retail
$2.32M
$2.03M – $2.70M
NOI $162,288 @ 7.0% cap · market cap 9.41%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
6,013
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in Brooklyn, NY
Properties on Market for Triplexes in Brooklyn
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - A vacant two-bedroom duplex pairs with two occupied two-bedroom apartments, offering separate residential and rental configurations.
Where is this triplex located?
The property is located at 81 Suydam Street MULTI Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: Three apartments totaling 2,800 square feet; First‑floor, two‑bedroom duplex with private backyard access, to be delivered vacant and fully renovated; Two‑bedroom apartments on the second and third floors are currently rented
