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Executive Summary

Fully Vacant | Fully Renovated 4-Family Property | 16 Bedrooms
Situated in Bushwick, 124 Grove Street is a fully renovated semi-attached four-family property delivered completely vacant. The vacant delivery provides flexibility for owner occupancy, rental use, or a combination of both. Each residence is separately metered for gas and electric.
Originally built in 1931, the property has been comprehensively renovated with updated systems and contemporary finishes throughout. The building offers approximately 4,125 square feet of interior space and consists of two 5-bedroom, 4-bathroom residences and two 3-bedroom, 1-bathroom residences, providing a total of 16 bedrooms and 10 full bathrooms.
Each residence features updated kitchens with quartz countertops, custom cabinetry, stainless steel appliances, gas ranges, dishwashers, refrigerators, and in-unit washers and dryers. Additional features include renovated bathrooms, split-system heating and cooling, baseboard heat, approximately 9 to 10-foot ceilings, large windows, and abundant natural light.
The property also includes a full basement, front yard, and private backyard.
Conveniently located near the J, Z, M, and L subway lines, the property provides access to Williamsburg, Downtown Brooklyn, and Manhattan. Nearby amenities include restaurants, cafés, grocery stores, neighborhood retail, parks, fitness centers, and other local services.
This property offers a flexible four-family layout, updated interiors, and vacant delivery in the Bushwick neighborhood.

Financial Summary (Pro Forma - 2026)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $327,707 $79.44
Other Income - -
Vacancy Loss - -
Effective Gross Income $327,707 $79.44
Taxes $12,349 $2.99
Operating Expenses $13,827 $3.35
Total Expenses $26,176 $6.35
Net Operating Income $301,530 $73.10

Financial Summary (Pro Forma - 2026)

Gross Rental Income (CAD)
Annual $327,707
Annual Per SF $79.44
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $327,707
Annual Per SF $79.44
Taxes (CAD)
Annual $12,349
Annual Per SF $2.99
Operating Expenses (CAD)
Annual $13,827
Annual Per SF $3.35
Total Expenses (CAD)
Annual $26,176
Annual Per SF $6.35
Net Operating Income (CAD)
Annual $301,530
Annual Per SF $73.10

Property Facts

Price $4,178,537 CAD
Price Per Unit $1,044,634 CAD
Sale Type Investment
Cap Rate 7.22%
No. Units 4
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.06 AC
Building Size 4,125 SF
Average Occupancy 97%
No. Stories 3
Year Built/Renovated 1931/2026
Opportunity Zone Yes
Zoning R6, Brookyln - Medium density residential zoning district.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
3+1 3 - -
5+4 6 - -
Exceptionally walkable
100/100
Somewhat drivable
20/100
Exceptional public transit
100/100
Moderately bikeable
70/100

Property Taxes

Property Taxes

Parcel Number
03323-0021
Land Assessment
$6,278 CAD
Improvements Assessment
$726,987 CAD
Total Assessment
$733,265 CAD
Annual Taxes
$12,349 CAD ($2.99 CAD/SF)
Tax Year
2026
  • Listing ID: 41619132

  • Date on Market: 2026-08-09

  • Last Updated:

  • Address: 124 Grove St, Brooklyn, NY 11221

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