Welcome to 67 Grove Street, a four-story, four-unit free-market rental building built in 2015 and located on a quiet residential block in the heart of Bushwick, moments from the border of Ridgewood. Perfectly positioned for a long-term hold or 1031 exchange, this fully occupied asset delivers immediate, stable cash flow with additional upside through future rent growth.
The building currently generates $167,400 in annual gross income, offering investors reliability from day one. With an attractive 4.7% cap rate, 67 Grove Street represents a compelling opportunity in one of Brooklyn's most active rental markets. The property spans approximately 3,238 square feet across four full floors plus a cellar, situated on an 18.5' x 87.5' lot with R6 zoning.
Each residence features efficient two-bedroom layouts with hardwood floors, modern kitchens with full-sized stainless steel appliances and stone countertops, and modern baths. All units have central heating and cooling systems. All units offer private outdoor space, while a roof terrace provides additional lifestyle appeal and value enhancement. The residences and common areas were finished with durable materials for a hands-off owner experience. Utilities are separately metered, helping keep operating expenses low and income performance strong.
Located just minutes from vibrant restaurants, nightlife, shopping, and multiple transit options, 67 Grove Street combines durable income, desirable layouts, and long-term neighborhood momentum-making it a prime Brooklyn investment opportunity for both seasoned and emerging investors.