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… Read More 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. Read Less
Listing Courtesy of: Nicholas Andrew Hovsepian, Corcoran Group
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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 Coldwell Banker Warburg. If you have any questions regarding the accuracy of this data, please contact us at [email protected]. Data updated:
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