69 GROVE Street
MLS® #RLS20062051
Listing by Corcoran Group
7
Bedrooms
7.5
Baths
3,447
Sq. Ft.
1931
Year Built
Quick Summary
Property Highlights
- Views: Other
- Climate Control: Central Air
- Character: Pre-war building (1931)
Property Details
Description
Welcome to 69 Grove Street, a three-family, free-market brick rental building built in 2015 and located on a quiet residential block in the heart of Bushwick. 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 $144,000 in annual gross income, offering investors reliability from day one. With an attractive 5.0% cap rate, 69 Grove Street represents a compelling opportunity in one of Brooklyn's most active rental markets. The property spans approximately 3,447 square feet across three full floors plus a basement, situated on an 18.9' x 87.5' lot with R6 zoning.
Each residence features spacious two-bedroom and three-bedroom, two-bathroom 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. Private outdoor space includes a rear yard and a roof terrace, providing 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, 69 Grove Street combines durable income, modern construction, and long-term neighborhood momentum-making it a prime Brooklyn investment opportunity for both seasoned and emerging investors.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Building Information
Financial Details
About Bushwick
View All Bushwick ListingsBushwick has emerged as Brooklyn's premier creative frontier, known for its world-class street art, eclectic nightlife, and industrial-chic vibe. The neighborhood offers a diverse range of housing options, from converted warehouse lofts that appeal to artists and professionals to traditional multi-family townhouses. Recent years have seen a surge in boutique new construction condominiums, making it a top destination for those seeking a dynamic and evolving urban environment.
Similar Listings in Bushwick
View All
Active
1044 Jefferson Avenue #TWNHS
Multi Family • RLS #RLS20058299
Active
1109 HANCOCK Street
Multi Family • RLS #RLS20067242
Active
81 Suydam Street #MULTI
Multi Family • RLS #RLS20068546
Active
147 WEIRFIELD Street
Multi Family • RLS #RLS20057797
Active
309 Stanhope Street #0
Multi Family • RLS #RLS20068728
Active
189 CORNELIA Street
Single Family Residence • RLS #RLS20070377
Location
69 GROVE Street, Bushwick, Kings County
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Listing Courtesy of Corcoran Group - Nicholas Andrew Hovsepian
Listing Contact: (310) 748-8668
Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing 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. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.
RLS Data display by Keller Williams NYC. Data last updated on 2/16/2026 at 7:29 AM UTC