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38 Grove Street, Brooklyn, NY 11221

Brooklyn
Local realty services provided by:CENTURY 21 Awaye Realty
38 Grove Street,Brooklyn, NY 11221
$1,700,000
  • 5 Beds
  • 3 Baths
  • 2,640 sq. ft.
  • Multi-family
  • Pending
Listed by: nicholas andrew hovsepian, leslie a marshall, stephanie wilberding
Office: corcoran group
MLS#:RLS20062812
Source:NY_REBNY

Price summary

  • Price:$1,700,000
  • Price per sq. ft.:$643.94

About this home

Welcome to 38 Grove Street, a FULLY LEASED, income-producing two-family townhouse located on a quiet residential block in the heart of Bushwick. Spanning two stories plus a full basement and a finished attic, this well-maintained building sits on a 25' x 83.92' lot and offers immediate, stable cash flow with long-term upside.<br> The property currently generates $102,000 in annual gross income with both units on strong leases extending into 2026. With modest annual operating expenses of approximately $9,606, the building delivers an impressive net operating income of $92,394 and an attractive 5.27% cap rate. This is a clean, straightforward investment with predictable performance and minimal management intensity.<br> The building is configured as two spacious duplex residences, each offering multiple bedrooms, generous living and dining areas, and great natural light. The apartments each have central heating and cooling, modern kitchens with full size stainless steel appliances, and...

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Home facts

  • Year built:1920
  • Listing ID #:RLS20062812
  • Added:190 day(s) ago
  • Updated:June 17, 2026 at 07:44 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:3
  • Full bathrooms:3
  • Rooms Total:12
  • Basement:Yes
  • Living area:2,640 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Central air:Yes

Structure and exterior

  • Year built:1920
  • Building area:2,640 sq. ft.
  • Levels:2 Story

Finances and disclosures

  • Price:$1,700,000
  • Price per sq. ft.:$643.94
  • Tax amount:$2,808

Features and amenities

  • Appliances:WasherDryerAllowed
  • Laundry features:Washer Dryer Allowed
MLS LogoThis information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2026 The Real Estate Board of New York, Inc., All rights reserved. RLS Data display by Coldwell Banker Warburg This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. NY_REBNY Member Broker: Arlene Waye

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