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$1,750,000
5 Beds
3 Baths3 full baths
2,640sqft
38 Grove St, New York City, NY 11221
$1,750,000
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Townhouse
Built in 1920
$-- HOA
2,098 sqft lot
$663/sq.ft
Description
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.
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 per...
- Houzeo last checked: 2 Minutes ago
- Listing updated: January 22, 2026 at 12:17 am
- Listing Provided by: Nicholas Andrew Hovsepian (310) 748-8668 , Leslie A Marshall (646) 361-3384 | Corcoran Group (212) 355-3550
- Source: Rebny MLS-NY | MLS#: RLS20062812
Property Details
Status
Active
Type
Townhouse
No. of Stories
2
County
City
Neighborhood
--
Year Built
1920
HOA Fees
-
Finished Area
2,640 sqft
Lot Size
2,098 sqft lot
Basement Area
- sqft
MLS Name
Rebny MLS
MLS Number
RLS20062812
Days on Market
58
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