38 Grove Street

38 Grove St
Bushwick

$1,750,000
Price
5
Beds
2,640 Sq. Ft.
$663 / Sq. Ft.
2,640
Sq. Ft.
$663
per 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...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 performance and minimal management intensity. 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 in-unit laundry. The additional attic and basement provide valuable flexible space for tenants, further enhancing long-term functionality and flexibility. Perfectly positioned within one of Brooklyn's most active rental markets, 38 Grove Street offers investors a rare combination of strong in-place income, favorable operating metrics, and long-term neighborhood upside.
  1. Listed by Nicholas Andrew Hovsepian • Corcoran Group
    P: (310)-748-8668 C: (310)-748-8668 nick.hovsepian@corcoran.com
  2. Listed by Leslie A Marshall • Corcoran Group
    P: (646)-361-3384 C: (646)-361-3384 leslie.marshall@corcoran.com
  3. Listed by Stephanie Wilberding Wilberding • Corcoran Group
    P: (347)-724-5113 stephanie.wilberding@corcoran.com

Property Details for 38 Grove Street

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LISTING UPDATED: 12/15/2025 12:13 AM

Property Details for 38 Grove Street

StatusActive
MLS IDRLS20062812
Days on Market7
Taxes$234 / month
Maintenance-
Min. Down Pymt-
Total Rooms10.0
Compass TypeTownhouse
MLS TypeHouse/Building
Year Built1920
Lot Size2,098 SF / 83' x 25'
CountyKings County

Building

38 Grove St

3 Units2 StoriesBuilt in 1920

Location

Listing Courtesy of Corcoran Group
Add your commute

Building Information for 38 Grove Street

Stories2Residences3Year Built1920Building Size23' x 30'Building Sq. Ft1,380 SFLot Size2,098 SF / 83' x 25'Building AgePre-warBuilding TypeTownhouse

Payment Calculator

$8,881 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,647

Property Taxes

$234

Maintenance/Common Charges

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 38 Grove Street

Summary
Location and General Information
  • Subdivision Name: Bushwick
  • Stories Total: 2
  • Garage Spaces: 0.0
  • View: No
Taxes and HOA
  • Tax Lot: 0017
  • Tax Block: 03321
  • Flip Tax: $0
  • Building Tax Lot: 0017
  • Tax Abatement YN: false
Parking
  • Garage: No
  • Garage Spaces Assigned YN: false
Property
Lot Information
  • Living Area: 2640.0
  • Building Area Total: 2640.0
  • Building Area Units: SquareFeet
  • Lot Size Dimensions: 83.92x25.00
  • Living Area Units: SquareFeet
Building Information
  • Landmark Status YN: false
  • Building Smoke Free YN: true
  • Building Laundry Features: Other
  • Building Pets Allowed: BuildingYes
  • Capital Reserves YN: false
  • Green Building YN: true
Property and Assessments
  • New Development: No
  • Sponsor Unit: No
  • Certificate Of Occupancy: Yes
  • Percent Of Common Elements: .00%
  • New Construction: No
  • Structure Type: Townhouse
  • Property Condition: Good
Interior and Exterior Features
Exterior Features
  • Basement: Other
  • Patio And Porch Features: None
Interior Features
  • Cooling: CentralAir
  • Entry Level: 1
  • Appliances: WasherDryerAllowed
  • Fireplace: No
  • Floor Number: 1
  • Basement: No
  • Cooling: Yes
  • Laundry Features: WasherHookup, InUnit
  • ElevatorsTotal: 0
  • Size Dimensions: 30.00x23.00
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Rental
Rental Information
  • Pets Allowed: UnitYes
  • Delivered Vacant: No
  • Attendance Type: None
  • Land Lease: No

Property History for 38 Grove Street

DateEvent & SourcePriceAppreciationLink
Dec 8, 2025

Listed (Active)

RLS RESO #RLS20062812

$1,750,000—
Nov 15, 2019

Permanently Off Market

Manual

——
Nov 13, 2019

Listed (Active)

Manual

$1,495,000——
Jun 12, 2018

Permanently Off Market

RLS RESO #RLS10334657

$1,550,000—
Jun 5, 2018

Listed (Active)

RLS RESO #RLS10334657

$1,550,000—
Aug 20, 2014

Sold (Public Record)

ACRIS #2014090200556001

$550,000—
DateEvent & SourcePrice
12/08/2025

Listed (Active)

RLS RESO #RLS20062812

$1,750,000
11/15/2019

Permanently Off Market

Manual

—
11/13/2019

Listed (Active)

Manual

$1,495,000
06/12/2018

Permanently Off Market

RLS RESO #RLS10334657

$1,550,000
06/05/2018

Listed (Active)

RLS RESO #RLS10334657

$1,550,000
08/20/2014

Sold (Public Record)

ACRIS #2014090200556001

$550,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 38 Grove Street

Taxable ValueLand$11,880Additions$55,500Total$67,380
Tax Record2025$2,770 ($231 / month) Tax Class1Tax Rate20.085%
Home Facts
Total Finished SqFt1,380 SqFtLot Size2,098 SqFtYear Built1920ZoningR6APN3033210017

Schools near 38 Grove Street

This home is within New York City Geographic District #32.
Rating
School
Type
Grades
Distance
P.S. 75 Mayda Cortiella
Public - PK to 5
Jhs 291 Roland Hayes
Public - 6 to 8
Bushwick Leaders High School For Academic Excellence
Public - 9 to 12
EBC High School for Public Service-Bushwick
Public - 9 to 12
Rating
School
Distance
P.S. 75 Mayda Cortiella
PublicPK to 5

Jhs 291 Roland Hayes
Public6 to 8

Bushwick Leaders High School For Academic Excellence
Public9 to 12

EBC High School for Public Service-Bushwick
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 38 Grove Street, Bushwick

38 Grove Street is a townhouse for sale in Bushwick. This property was listed for sale on December 8, 2025 by Corcoran Group, it's currently listed at $1,750,000. It has been on the market for a total of 7 days and was last sold on August 20, 2014. This listing's school district is New York City Geographic District #32. Nearby schools include P.S. 75 Mayda Cortiella, Jhs 291 Roland Hayes and Bushwick Leaders High School For Academic Excellence. 38 Grove Street is a 5-bed, 3-bath, 2,640 sqft townhouse built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Group

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2025 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY 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. ©2025 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2025 The Real Estate Board of New York, Inc., All rights reserved.