119 Suydam Street, Brooklyn (Bushwick), NY, 11221 | $1,400,000

Rare Bushwick Gem: 2-Family Townhouse with Private Parking & Modern Upgrades is the perfect fit for a buyer looking to offset their mortgage with solid rental income. Stop your search—this 3033 square foot, 21×51ft townhouse comes with its own private parking and sits just one block from the M train. Delivered fully vacant, this 2-family home is a turnkey opportunity for an end user who wants a huge owner's duplex with an income generating apartment included. This house was fully renovated in 2018 with even further improvements since then. It features a brand-new roof (2025), a brand-new boiler (2025), and a sump pump installed in 2023. It has parking and a private backyard. Upon entering, you’re greeted by a spacious living and dining area bathed in natural sunlight, creating a warm and inviting atmosphere in this cozy home. The eat-in kitchen is just on the side of a huge, light filled living room. The kitchen features a gas range, full size dishwasher and great ventilation. This Owners duplex has 4 bedrooms and two full baths, plus one half bath. There are newly refinished hardwood floors throughout the top floor. The incredibly spacious basement was fully renovated in 2019 and has a full bathroom, LED lighting throughout, two generously proportioned bedrooms plus two lounge areas and a laundry closet. The windows on this lower level provide excellent light and there is an entrance to the manicured backyard. You will have room to spare in this nearly 2000 square foot owners unit, which offers exceptional flexibility. The top floor is a 3 bedroom 1. 5 bath apartment which produces great rental income, delivered vacant. It has great lighting, including a great skylight in the kitchen, as well as a dishwasher and in-unit laundry. The house is located right around the corner from the ever popular Troutman Ave where many bars, restaurants, and shopping can be found. Including Frida’s Bushwick, Maite, Orion’s, Fukurou, Formosa, and Ornithology Jazz Club. Located just one block from the M train with close proximity to the L train and Maria Hernandez Park.

Features

  • Town: Brooklyn
  • Rooms: 13
  • Laundry: SeeRemarks
  • Year Built: 2001
  • Cooling: Unknown Type
  • Service Level: None
  • Built Size: 21'x50'
  • OLR#: RLS20086108
  • Days on Market: 4451 days
  • Website: https://www.raveis.com
    /prop/RLS20086108/119suydamstreet_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.
Listing courtesy of Compass

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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119 Suydam Street, Brooklyn (Bushwick), NY, 11221

$1,400,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,120,000 $1,120,000 $1,120,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment N/A N/A N/A
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,272 $6,805 $9,376
Total Monthly Payment $6,397 $6,930 $9,501

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.