Financial
Distress signals
Property profile

124 Grove St Brooklyn, NY 11221

FOR SALE
Other apartment buildings
Property ID
US63-0859357
4,125 SF 0.06 ac lot Built 1931
Last sale Feb 2026 · $1,720,000
Entity Owned Owner of record is a legal entity (LLC / corporation). ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

124 Grove Street in Bushwick is a semi-attached quadplex built in 1931 and comprehensively renovated. The building contains approximately 4,125 square feet across four separately metered residential units, including two units with five bedrooms and four full bathrooms and two units with three bedrooms and one full bathroom, for a total of 16 bedrooms and 10 full bathrooms. Each unit features an updated kitchen with quartz countertops, custom cabinetry, stainless steel appliances including a gas

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$9k
Tax billed · 2024
Assessed value$487k
Assessed land$5k
Assessed improvement$483k
Effective rate1.76%

Value estimate

· Sep 2026
$1.70M
$1.53M – $1.87M
CAP approach$1.94M
Submarket $/SF estimate$1.42M
NOI build-up
Gross scheduled income$210k
Vacancy & credit loss−$4k
Operating expenses−$62k
NOI · 5.07% cap applied$144k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$261/SF
ZIP average, outlier-cleaned · 96 recorded sales of this use type
Observed band · Q1–Q3$139 – $414
Qualifying comparables8

Cap rate analysis

How does the asset earn?
5.07%
$144k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
R6
This district focuses on medium density housing in areas with higher accessibility to transportation and community services, allowing for...
General categoryRESIDENTIAL
JurisdictionKINGS(BROOKLYN)

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm140.6
Realty agency75.7
Parking Facility41.1

Location

124 Grove St Brooklyn, NY 11221
County assessor Recorded deeds · 5 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
479 Lexington, Brooklyn, NY 11221-1203 $530,000 Nov 2025 4,034 SF
22 Patchen, Brooklyn, NY 11221-3008 $58,756 Aug 2025 3,600 SF
371 Madison, Brooklyn, NY 11221-1102 $1,050,000 Mar 2025 3,300 SF
46 Starr, Brooklyn, NY 11221-2746 $3,500,000 Mar 2025 4,125 SF
32 Patchen, Brooklyn, NY 11221-2962 $1,100,000 Feb 2025 5,150 SF
1070 Dekalb Ave, Brooklyn, NY 11221-2306 $2,250,000 Dec 2024 3,869 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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