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$1,298,000
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Property Description
Prime Investment Opportunity in Bushwick, NY Discover the potential of 296 Suydam Street, where opportunity meets prime location in the heart of Bushwick, NY. This expansive 7,000 SF property offers a rare chance to own a six-apartment building, including two vacant first-floor units with a basement and backyard, providing endless possibilities for investors and end-users alike. Situated directly opposite Maria Hernandez Park, offering serene park views and an active community atmosphere. Offered at 214 per SF, making it a highly attractive opportunity in the booming Bushwick market. The vacant first-floor units provide a blank canvas for customization, while the existing apartments generate consistent rental revenue. Take advantage of Bushwick's strong rental market with immediate leasing opportunities or reposition for higher returns. Optimize the R6 zoning and Unused FAR to enhance the property's value with additional buildable space. Close to multiple subway lines and bus routes, offering seamless access to Manhattan and surrounding boroughs. This is a rare opportunity to secure a high-demand property in one of Brooklyn's most dynamic neighborhoods. Don't miss out. Unlock the full potential of 296 Suydam Street
Full Property Details
Full Property Details for 296 Suydam St
General
- Price: $1,298,000
- Taxes: $11,843
- Status: Active
- Type: Commercial
- Source: Long_Island
- MLS ID: 834217
- Updated: 11/8/2025
- Added to Site: 302 day(s) ago
Location
- County: Kings (Brooklyn)
- Cross Streets: Knickerbocker Ave
- Driving Directions: Google Maps
School Information
- High School District: Brooklyn 32
- Elementary School: Ps 376
- Middle School: All City Leadership Secondary Sch
- High School: Academy Of Urban Planning And Engineering (The)
Heating & Cooling
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Hot Water
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: See Remarks
Structural Information
- Detached/Attached: Attached
- Construction: Brick
- Basement: Yes
- Basement Desc.: Full Basement
- Stories/Levels: 3
- Stories in Building: 3
- Building Size: 5250
- Square Feet: 5,250
- Year Built: 1931
Lot Features
- Lot Size (Acres): 0.0574
- Lot Size (Sq. Ft.): 2,500
Financial Considerations
- Tax Amount: $11,843.16
Disclosures and Reports
- Special Conditions: None
- Property ID: 03220-0020
Listed by Prime America Real Estate Inc
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Schools
Schools serving 296 Suydam St
School District:New York City Geographic School District 32
| Name | Grades | Distance |
|---|---|---|
Ps 123 Suydam 100 Irving Avenue, Brooklyn, NY 11237 | PK-5 | 0.1 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 296 Suydam St
Date
Details
Price
Change
Source
11/08/2025
Price Reduced
$1,298,000
-13.35%
MLS
3/21/2025
Listed
$1,498,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 296 Suydam St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$12,236
3%
$97,885
-80%
2024
$11,845
8%
$499,500
8%
2023
$10,974
10%
$462,600
-2%
2022
$9,975
8%
$471,600
11%
2021
$9,237
-2%
$424,800
-2%
2020
$9,392
3%
$433,620
—
2019
$9,090
14%
$433,620
542%
2017
$7,956
—
$67,523
8%
2017
$7,956
7%
$62,550
8%
2016
$7,467
—
$57,920
—
2015
$7,462
119%
$57,920
3%
2014
$3,404
-47%
$56,063
8%
2013
$6,463
—
$51,941
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 296 Suydam St
296 Suydam Street, Brooklyn, NY 11237 (MLS# 834217) is a Commercial property. 296 Suydam Street is currently listed for $1,298,000 and was received on March 21, 2025. Want to learn more about 296 Suydam Street? Do you have questions about finding other Commercial real estate for sale in Brooklyn? You can browse all Brooklyn real estate or contact a Coldwell Banker agent to request more information.

