Grove Street

New York

Where Luxury

Meets Living

View Photos Watch Film 360° VTour Open House

Nicholas Hovsepian

Presented At

$2,395,000

Bedrooms

Bathrooms

Fireplace

Stone Countertops

Air Conditioning

Bar

Basement

Terrace

Garden

Balcony

Investment Property

Equestrian

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States. - Photo 1

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States. - Photo 2

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States. - Photo 3

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States. - Photo 4

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States. - Photo 5

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States. - Photo 6

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States. - Photo 7

Grove Street

New York

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States. , New York , New York

About This Property

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.

Gallery

3D Street View Tour

Property Location

69 Grove Street, Brooklyn, NY 11221, New York, New York, United States., New York New York

Local Weather & Climate

New York, New York

Current Conditions Updated recently

33 °F

Snow

Feels Like 22°F

Humidity 91%

Wind 18 mph

Visibility 2.5 mi

Sunrise 11:40 AM

Sunset 10:38 PM

5-Day Forecast

Sun 22 Feb

Snow

High 33°

Low 33°

Mon 23 Feb

Snow

High 35°

Low 30°

Tue 24 Feb

Clouds

High 32°

Low 21°

Wed 25 Feb

Clouds

High 35°

Low 22°

Thu 26 Feb

Clouds

High 36°

Low 28°

Annual Climate Based on last 12 months

47° Avg Low

Feb

61° Avg High

Jul

160 Rainy Days

per year

Arid

Semi-Arid

Moderate

Wet

52.9" Annual Rainfall

Moderate climate

❄

30 Snow Days

per year

Monthly Temperatures

Jan

34°

22°

Feb

34°

20°

Mar

52°

37°

Apr

63°

46°

May

72°

56°

Jun

83°

66°

Jul

85°

70°

Aug

83°

69°

Sep

76°

63°

Oct

64°

51°

Nov

52°

40°

Dec

39°

26°

Data from OpenWeatherMap & Open-Meteo

Walkability & Transit Scores

How easy is it to get around New York?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

Ready to explore financing?

Connect with trusted mortgage partners

Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

Tax Information Disclaimer

The tax benefit information displayed on this page is provided for general informational and educational purposes only. This information:

Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
Uses simplified assumptions that may not apply to your circumstances, including filing status, total income, other deductions, alternative minimum tax considerations, and local tax variations.
Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

Before making any decisions based on potential tax benefits, you should consult with a qualified tax advisor, certified public accountant (CPA), or licensed tax professional who can evaluate your specific circumstances and provide advice tailored to your situation.

Limitation of Liability: By using this calculator, you acknowledge that all results are approximations and should not be relied upon for financial, legal, or tax decisions. openluxe, its affiliates, officers, directors, employees, and agents expressly disclaim all liability for any damages, losses, or consequences arising from the use of or reliance on this calculator or the information provided herein. openluxe is not a lender, financial advisor, or tax professional and does not provide mortgage loans, financial advice, or tax advice. Use of this calculator does not create any professional relationship.

Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 69 Grove Street, Brooklyn, NY 11221, New York, New York, United States have?

This house at 69 Grove Street, Brooklyn, NY 11221, New York, New York, United States features 7 bedrooms.

What is the listing price for 69 Grove Street, Brooklyn, NY 11221, New York, New York, United States?

This property is listed at $239,500,000.

What is the climate like in New York?

New York features a pleasant climate. Average temperatures range from 47°F in winter to 61°F in summer. The area receives approximately 52.9 inches of precipitation annually. There are about 160 days with rain throughout the year. Expect around 30 days with snow. This climate information can help you plan for seasonal activities and energy costs.

What are the best months to visit or move to New York?

New York tends to be warmest in Jul and coldest in Feb. The shoulder seasons of spring and fall often offer the most comfortable weather for moving and outdoor activities.

What type of property is 69 Grove Street, Brooklyn, NY 11221, New York, New York, United States?

This is a house located in New York, New York. The property is situated in an established neighborhood with convenient access to local amenities and services.