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Listing Courtesy of Corcoran Group
$ 2,500,000
Est. payment | /mo
8 Beds
5 Baths
3,238 SqFt
$ 2,500,000
Est. payment | /mo
8 Beds
5 Baths
3,238 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,238 sqft
Price per Sqft $772
Subdivision Bushwick
MLS Listing ID RLS20062052
Bedrooms 8
Full Baths 4
Half Baths 1
HOA Y/N No
Year Built 2015
Annual Tax Amount $27,276
Property Sub-Type Multi Family
Property Description
Welcome to 67 Grove Street, a four-story, four-unit free-market rental building built in 2015 and located on a quiet residential block in the heart of Bushwick, moments from the border of Ridgewood. Perfectly positioned for a long-term hold or 1031 exchange, this fully occupied asset delivers immediate, stable cash flow with additional upside through future rent growth.
The building currently generates $167,400 in annual gross income, offering investors reliability from day one. With an attractive 4.7% cap rate, 67 Grove Street represents a compelling opportunity in one of Brooklyn's most active rental markets. The property spans approximately 3,238 square feet across four full floors plus a cellar, situated on an 18.5' x 87.5' lot with R6 zoning.
Each residence features efficient two-bedroom layouts with hardwood floors, modern kitchens with full-sized stainless steel appliances and stone countertops, and modern baths. All units have central heating and cooling systems. All units offer private outdoor space, while a roof terrace provides additional lifestyle appeal and value enhancement. The residences and common areas were finished with durable materials for a hands-off owner experience. Utilities are separately metered, helping keep operating expenses low and income performance strong.
Located just minutes from vibrant restaurants, nightlife, shopping, and multiple transit options, 67 Grove Street combines durable income, desirable layouts, and long-term neighborhood momentum-making it a prime Brooklyn investment opportunity for both seasoned and emerging investors.
The building currently generates $167,400 in annual gross income, offering investors reliability from day one. With an attractive 4.7% cap rate, 67 Grove Street represents a compelling opportunity in one of Brooklyn's most active rental markets. The property spans approximately 3,238 square feet across four full floors plus a cellar, situated on an 18.5' x 87.5' lot with R6 zoning.
Each residence features efficient two-bedroom layouts with hardwood floors, modern kitchens with full-sized stainless steel appliances and stone countertops, and modern baths. All units have central heating and cooling systems. All units offer private outdoor space, while a roof terrace provides additional lifestyle appeal and value enhancement. The residences and common areas were finished with durable materials for a hands-off owner experience. Utilities are separately metered, helping keep operating expenses low and income performance strong.
Located just minutes from vibrant restaurants, nightlife, shopping, and multiple transit options, 67 Grove Street combines durable income, desirable layouts, and long-term neighborhood momentum-making it a prime Brooklyn investment opportunity for both seasoned and emerging investors.
Location
State NY
County Kings
Rooms
Basement Other
Interior
Interior Features Smoke Free
Cooling Central Air
Fireplace No
Laundry Building Other
Exterior
Exterior Feature Private Outdoor Space Over 60 Sqft
View Y/N No
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 4
New Construction No
Others
Tax ID 03313-0121
Ownership None
Monthly Total Fees $2, 273
Special Listing Condition Standard
Pets Allowed Building Yes, No
RLS Data display by WJFNY