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Listing Courtesy of Corcoran Group
$2,395,000
Est. payment /mo
7 Beds
7 Baths
3,447 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,447 sqft
Price per Sqft $694
Subdivision Bushwick
MLS Listing ID RLS20062051
Bedrooms 7
HOA Y/N No
Year Built 1931
Annual Tax Amount $13,200
Property Sub-Type Multi Family
Property Description
Welcome to 69 Grove Street, a three-family, free-market brick rental building built in 2015 and located on a quiet residential block in the heart of Bushwick. 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 $144,000 in annual gross income, offering investors reliability from day one. With an attractive 5.0% cap rate, 69 Grove Street represents a compelling opportunity in one of Brooklyn's most active rental markets. The property spans approximately 3,447 square feet across three full floors plus a basement, situated on an 18.9' x 87.5' lot with R6 zoning.
Each residence features spacious two-bedroom and three-bedroom, two-bathroom 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. Private outdoor space includes a rear yard and a roof terrace, providing 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, 69 Grove Street combines durable income, modern construction, and long-term neighborhood momentum-making it a prime Brooklyn investment opportunity for both seasoned and emerging investors.
The building currently generates $144,000 in annual gross income, offering investors reliability from day one. With an attractive 5.0% cap rate, 69 Grove Street represents a compelling opportunity in one of Brooklyn's most active rental markets. The property spans approximately 3,447 square feet across three full floors plus a basement, situated on an 18.9' x 87.5' lot with R6 zoning.
Each residence features spacious two-bedroom and three-bedroom, two-bathroom 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. Private outdoor space includes a rear yard and a roof terrace, providing 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, 69 Grove Street combines durable income, modern construction, 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 Yes
View Other
Porch None
Private Pool No
Building
Dwelling Type Townhouse
Story 3
New Construction No
Others
Pets Allowed Pets Allowed
Tax ID 03313-0021
Ownership None
Monthly Total Fees $1, 100
Special Listing Condition Standard
Pets Allowed Building Yes, No
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RLS Data display by Anthony T Crews Real Estate Llc
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