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New 7-Unit Apartment Building
For Sale
Contact for pricing
Pending

42 Grove St, Brooklyn, NY 11221

Newly constructed apartments offer hardwood floors, large windows, balconies, and varied one- to three-bedroom layouts.

Property SizeContact for details
Days on Market143

Property Features for 42 Grove St

General Information

Standard status Pending
Property subtype Multifamily

Units

Unit Mix 1 x One Bedroom, duplex with backyard access, 4 x One Bedroom, 1 x Two Bedroom(s), 1 x Three Bedroom(s) with terrace
Multifamily Units 7

Amenities

hardwood flooring
huge windows
balconies
Listing Agency: JB Mac Real Estate
Listed By: John B. McLellan · License #NY
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 5:10PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JB Mac Real Estate

Investment Insights

Based on property information with market context.

This newly built apartment property at 42 Grove St comprises 7 units with one-, two-, and three-bedroom floor plans. Interior features include hardwood flooring and expansive windows, while select residences provide private outdoor space through balconies or a terrace. One one-bedroom residence is configured as a duplex with backyard access.

The property is located in Brooklyn, NY 11221. The offering includes a mix of unit sizes and layouts, including a three-bedroom apartment with a terrace and a one-bedroom duplex. A projected 5.25 cap rate is stated for the property.

Key Highlights

  • 7‑unit apartment building at 42 Grove St, Brooklyn, NY 11221
  • Unit mix includes one-, two-, and three‑bedroom apartments
  • Hardwood flooring and large windows throughout the new apartments

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Acupuncture Dental Office Auto Parts Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

7
Residential units

Location Intelligence

Trade Area within ½ mile

3,940
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Newly constructed apartments offer hardwood floors, large windows, balconies, and varied one- to three-bedroom layouts.
Where is this apartment building located?
The property is located at 42 Grove St Brooklyn, NY.
What are key features of this property?
This property features: 7‑unit apartment building at 42 Grove St, Brooklyn, NY 11221; Unit mix includes one-, two-, and three‑bedroom apartments; Hardwood flooring and large windows throughout the new apartments
More about this property
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