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Live Rent free! 6 Family Brick 1 Vacant 349 Grove St 6 Unit Apartment Building $1,100,000 ($183,333/Unit) 6.60% Cap Rate Brooklyn, NY 11237
Executive Summary
Squeaky clean Prime Bushwick Opportunity
Six-family rent-stabilized building on Grove St. & Wyckoff Ave with one vacant first-floor unit offering direct yard access — perfect for an owner-user. Well-maintained, income-producing, and ideally located near Bushwick’s best cafes, nightlife, and subway lines. This build has zero violations! DHCR is clean.
Building: 25 × 65 ft
Lot: 25 × 100 ft
Zoning: R6
FAR: 1.95; Max FAR: 2.43
1200 Sqft of FAR available
Taxes: $11,892/Yr
1L VAVANT 1961.75
1R occupied $1400.48
2L occupied $1606.8
2R occupied $748.78
3L occupied $2026.94
3R occupied $722.48
= $8,467.23
Gross income: $101606.76
NOI: $72,262.76
6.5 CAP
Six-family rent-stabilized building on Grove St. & Wyckoff Ave with one vacant first-floor unit offering direct yard access — perfect for an owner-user. Well-maintained, income-producing, and ideally located near Bushwick’s best cafes, nightlife, and subway lines. This build has zero violations! DHCR is clean.
Building: 25 × 65 ft
Lot: 25 × 100 ft
Zoning: R6
FAR: 1.95; Max FAR: 2.43
1200 Sqft of FAR available
Taxes: $11,892/Yr
1L VAVANT 1961.75
1R occupied $1400.48
2L occupied $1606.8
2R occupied $748.78
3L occupied $2026.94
3R occupied $722.48
= $8,467.23
Gross income: $101606.76
NOI: $72,262.76
6.5 CAP
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$101,607
|
$20.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$101,607
|
$20.84
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $101,607 |
| Annual Per SF | $20.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $101,607 |
| Annual Per SF | $20.84 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $1,100,000 | Apartment Style | Low-Rise |
| Price Per Unit | $183,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.06 AC |
| Cap Rate | 6.60% | Building Size | 4,875 SF |
| No. Units | 6 | Average Occupancy | 80% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1931 |
| Zoning | R6,Brooklyn,(C2) - Medium density residential district | ||
| Price | $1,100,000 |
| Price Per Unit | $183,333 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 4,875 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1931 |
| Zoning | R6,Brooklyn,(C2) - Medium density residential district |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
Walk Score®
Walker's Paradise (99)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (89)
Property Taxes
| Parcel Number | 03319-0051 | Improvements Assessment | $512,100 (2025) |
| Land Assessment | $5,400 (2025) | Total Assessment | $517,500 (2025) |
Property Taxes
Parcel Number
03319-0051
Land Assessment
$5,400 (2025)
Improvements Assessment
$512,100 (2025)
Total Assessment
$517,500 (2025)
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Live Rent free! 6 Family Brick 1 Vacant | 349 Grove St
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