Log In/Sign Up
Your email has been sent.
67 Grove St
Brooklyn, NY 11221
Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Hot rental market
- Central air conditioning
- Lots of natural light
- Separately metered utilities
EXECUTIVE SUMMARY
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. Buyers' Agents Welcome!
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.
PROPERTY FACTS
| Price Per Unit | $959,695 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 4.70% | Building Size | 3,447 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 2015 |
| Apartment Style | Low-Rise | ||
| Zoning | R6 | ||
| Price Per Unit | $959,695 CAD |
| Sale Type | Investment |
| Cap Rate | 4.70% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 3,447 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 2015 |
| Zoning | R6 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Microwave
- Heating
- Hardwood Floors
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Deck
- Freezer
- Intercom
- Quartz Countertops
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
PROPERTY TAXES
| Parcel Number | 03313-0121 | Improvements Assessment | $614,344 CAD |
| Land Assessment | $66,585 CAD | Total Assessment | $680,930 CAD |
PROPERTY TAXES
Parcel Number
03313-0121
Land Assessment
$66,585 CAD
Improvements Assessment
$614,344 CAD
Total Assessment
$680,930 CAD
1 of 8
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
