Brick Duplex with Partial
For Sale
$1,950,000
126 Grove Street, Brooklyn, NY 11221
Residential Income, Brooklyn, NY
Property Size2,500 SF
Lot Size0.07 Acres
Price / SF$780
Days on Market195
Property Features for 126 Grove Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Basement, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 2, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Basement
Full
Elementary school district
Brooklyn 32
Middle school district
Brooklyn 32
High school district
Brooklyn 32
Standard status
Active
APN
03323-0022
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8024
Building Details
Year built
1996
Number of units
2
Building materials
Brick
Listing Agency:
Winzone Realty Inc
(718) 899-7000
Listed By:
Arthur Abramchaev
(917) 297-1868
Added: Mar 30
Changed: Oct 5
Last Checked: Oct 10 at 9:06PM
MLS# 978140
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1996, this brick duplex contains two separately accessed residential units. The first-floor apartment has two bedrooms, including one with a half bathroom. The second-floor apartment offers three bedrooms, with a half bathroom serving the main bedroom. Together, the units provide five bedrooms across approximately 2,500 square feet.
The property occupies a 3,117-square-foot lot in Brooklyn’s Bushwick neighborhood. Its partially finished basement includes two separate entrances, creating additional space for storage or recreation. An approved plan provides for 6 units plus 1 store condo, adding a documented future configuration to the existing duplex layout.
The property occupies a 3,117-square-foot lot in Brooklyn’s Bushwick neighborhood. Its partially finished basement includes two separate entrances, creating additional space for storage or recreation. An approved plan provides for 6 units plus 1 store condo, adding a documented future configuration to the existing duplex layout.
Key Highlights
- Brick duplex built in 1996
- Two residential units with separate entrances
- Five bedrooms across the two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,554
Cap Rate
4.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,751,080
$1.8M
Cap Rate 7%
$1,250,771
$1.3M
Cap Rate 9%
$972,822
$972.8K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$127.5K $51.00/SF
− Vacancy
−$2.4K −$0.97/SF
EGI
$125.1K $50.03/SF
− OpEx
−$37.5K −$15.01/SF
NOI
$87.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,751,080
Cap Rate 7%
$1,250,771
Cap Rate 9%
$972,822
Alternative Uses
Best Use
Multifamily LT 5
$1.25M
$1.09M – $1.46M
NOI $87,554 @ 7.0% cap · market cap 4.49%
Second Best
Apartment 5plus
$1.09M
$954.0K – $1.27M
NOI $76,322 @ 7.0% cap · market cap 3.91%
Theoretical Best
Specialty Retail
$2.07M
$1.81M – $2.42M
NOI $144,900 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
4,613
Businesses Nearby
Explore this area
Business Placement
Demographics for 11221, NY
89,222
Population
38,690
Households
2.3
Avg Household Size
33
Median Age
42%
College-Educated
84%
High-School Grad
1.4 sq mi
ZIP Area
63,730
Density / Sq Mi
$85,122
Median Household Income
$49,202
Median Earnings
$2,055
Median Rent
$1,061,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Duplex - Two separately entered units offer five bedrooms, half baths, and a partially finished basement with two entrances.
Where is this duplex located?
The property is located at 126 Grove Street Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Brick duplex built in 1996; Two residential units with separate entrances; Five bedrooms across the two units
