38 Grove St Brooklyn, NY 11221
Fully leased two-family townhouse in Bushwick with strong income.
Lot size:
0.05 AcresProperty Features for 38 Grove St
General Information
- Property type
- Multi Family
- Standard status
- Active
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1920
Source:
Elliman
Listing Agent: Stephanie Wilberding Wilberding
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Income-Producing Two-Family Townhouse
Located on a quiet residential block in the heart of Bushwick, 38 Grove Street is a fully leased, income-producing two-family townhouse. The well-maintained building spans two stories plus a full basement and a finished attic, situated on a 25' x 83.92' lot. The property generates $102,000 in annual gross income, with both units on leases extending into 2026. With annual operating expenses of approximately $9,606, the building delivers a net operating income of $92,394 and a 5.27% cap rate. Configured as two spacious duplex residences, each unit offers multiple bedrooms, generous living and dining areas, and natural light. The apartments feature central heating and cooling, modern kitchens with full-size stainless steel appliances, and in-unit laundry. The additional attic and basement provide flexible space for tenants. Positioned within one of Brooklyn's active rental markets, 38 Grove Street offers a combination of in-place income and long-term neighborhood upside.
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.922534
- Latitude
- 40.691191
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FAQs
What type of property is this?
Duplex - Fully leased two-family townhouse in Bushwick with strong income.
Where is this duplex located?
The property is located at 38 Grove St Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: - Fully leased two-family townhouse generating $102,000 annual gross income.; - Strong leases in place extending into 2026, providing stable cash flow.; - Impressive $92,394 net operating income and attractive 5.27% cap rate.
