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345 Grove St Brooklyn, NY 11237

For Sale
$990,000

Six-unit pre-war building, high rental income.

Property size:
2,500 SF

Description

Added:
Feb 3, 2025
Days on Market:
313
This exceptional investment opportunity presents a six-unit multi-family building located at 345 Grove Street, Unit 6, Brooklyn, NY. The property boasts approximately 4,875 square feet of living space spread across six two-bedroom units within a solid brick and concrete structure. Each unit offers spacious living areas, eat-in kitchens, and full bathrooms, ensuring comfortable living for tenants. The building's pre-war charm is complemented by modern conveniences, including seven electric meters and seven gas meters, providing efficient utility management. Situated on a 0.06-acre lot, this property enjoys a prime location in a desirable Brooklyn neighborhood, conveniently positioned between Queens and Brooklyn. Its strategic location offers unparalleled access to public transportation, with the L and M train lines just a block away, along with numerous NYC bus routes. The surrounding area is rich with amenities, including supermarkets, restaurants, pharmacies, laundromats, and recreational facilities, enhancing the property's appeal to potential tenants. The building's strong rental history makes it an ideal investment for those seeking a stable and profitable venture in the thriving Brooklyn real estate market. The asking price for this exceptional multi-family property is $990,000. This is a rare opportunity to acquire a well-maintained, income-generating asset in a highly sought-after location. The property's size (2,500 sqft lot) and unit configuration make it an attractive investment for both seasoned and aspiring real estate investors.

Property Features for 345 Grove St

General Information

Property type
Other commercial real estate
Square Feet
2,500 SF
Lot Size
2,614 SF

Building Details

Year Built
1931

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Brooklyn
County
Kings (Brooklyn)
State
New York
Longitude
-73.91447
Latitude
40.69993

FAQs

What type of property is this?
Commercial real estate - Six-unit pre-war building, high rental income.
Where is this commercial real estate located?
The property is located at 345 Grove St Brooklyn, NY.
What is the asking price?
The asking price for this property is $990,000.
More about this property
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