---
title: "38 GROVE Street, New York City, NY 10014"
description: "38 GROVE Street, New York City, NY 10014 — Townhouse in Bushwick, Brooklyn, NY. Last Sold Price $1,700,000. Sold on 5/21/2026. 5 bed, 3 bath, 2,640 sqft"
url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/38-grove-street-ny-11221"
source: "Real Estate Rebate Team"
dateModified: "2026-08-26T20:26:18.016Z"
status: "Closed"
---

# 38 GROVE Street, New York City, NY 10014

Townhouse in Bushwick, Brooklyn, NY

Courtesy of Corcoran Group

Last updated: August 26, 2026, 4:26 PM

## At a Glance

- **Last Sold Price**: $1,700,000
- **Status**: Sold on 5/21/2026
- **Beds**: 5
- **Baths**: 3
- **Sqft**: 2,640
- **Monthly Taxes**: $234 / mo
- **Price per Sqft**: $644
- **Brokerage Fee**: Share Eligible

This listing was successfully closed and is no longer active on the market.

[Planning to sell? Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

## Photos (6)

![38 GROVE Street, New York City, NY 10014 — photo 1 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/0b9205a2-4187-40c7-a54b-72910bc5c8a8.jpg)
![38 GROVE Street, New York City, NY 10014 — photo 2 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/152324ba-d652-4bb5-89d8-be226813db1d.jpg)
![38 GROVE Street, New York City, NY 10014 — photo 3 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/9a3af67d-460f-423e-bdaf-09bbb44bb2f1.jpg)
![38 GROVE Street, New York City, NY 10014 — photo 4 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/058bd163-b2f7-4011-a65b-a4d0642d4e84.jpg)
![38 GROVE Street, New York City, NY 10014 — photo 5 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/c07c9004-e5f1-4ba5-96a7-412261706b86.jpg)
![38 GROVE Street, New York City, NY 10014 — photo 6 of 6](https://realestaterebatesnewyork-bucket.nyc3.cdn.digitaloceanspaces.com/03d339f9-e273-4536-aa7c-7d1585a27125.jpg)

## Property Overview

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.

## Property Details

- **Property Type**: Multi Family
- **Beds**: 5
- **Baths**: 3
- **Rooms**: 12
- **Sqft**: 2,640 sqft
- **Stories**: 2
- **Year Built**: 1920
- **Price per Sqft**: $644
- **Monthly Taxes**: $234 / mo
- **Listed On**: Dec 8, 2025
- **Days on Market**: 284 Days

### Residence Features

- Central Air
- Building Other
- Washer Hookup
- In Unit
- Private Outdoor Space Over 60 Sqft
- High Ceilings
- Smoke Free
- Washer Dryer Allowed

## Estimated Monthly Payment

**$8,830 / month**, assuming a 20% down payment ($340,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three.

- **Principal & Interest**: $8,596
- **Property Taxes**: $234

Estimates only. Actual payments may vary. Confirm terms with your lender.

## Sales and market data

### Recent sales

38 GROVE Street has one recorded sale since September 2021, the most recent for $1,700,000 in May 2026. Prices are the figures recorded with the City, not asking prices.

| Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source |
| --- | --- | --- | --- | --- | --- | --- |
| Entire property (Multi Family) | 5 | 2,640 | $1,700,000 | $644/ft² | May 21, 2026 | MLS |

### How this price compares

- **Last sold price**: $1,700,000
- **Median sold price**: $1,692,500
- **Difference**: +$7,500 (+0.4%)
- **Last sold, $/ft²**: $644
- **Median $/ft²**: $532
- **Comparable sales**: 36
- **Sales from**: October 2021 – September 2026
- **Middle half of those sales**: $1,443,750 – $1,912,500

Based on house sales in Bushwick.

A house is not part of a building of comparable apartments, so this benchmark is drawn from house sales across Bushwick. Apartment sales are excluded from it entirely.

### How these sales were negotiated

- **Sale-to-list price**: 98.3% (27 sales)
- **Sold below asking**: 63% (27 sales)
- **Typical time to find a buyer**: 87 days (30 sales)
- **Typical time to close**: 69 days (30 sales)

Based on house sales in Bushwick with the required listing and closing data. Sample sizes vary by metric.

These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure.

Sales data through September 2026.

Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for.

[See every recorded sale at 38 GROVE Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/38-grove-street)

## Price and Property History for 38 GROVE Street

Review the recorded listing activity for 38 GROVE Street, including asking-price changes and prior market dates.

- **Latest price change**: Reduced by $50,000, or 2.9%, on May 26, 2026
- **Originally listed**: December 8, 2025 at $1,750,000
- **Last sold**: $1,700,000 on May 21, 2026

| Date | Price | Listing event |
| --- | --- | --- |
| May 26, 2026 | $1,700,000 | Listing removed from the market |
| May 26, 2026 | $1,700,000 | Asking price reduced by $50,000, or 2.9% |
| May 21, 2026 | $1,700,000 | Sold |
| March 13, 2026 | $1,700,000 | Entered contract |
| December 8, 2025 | $1,750,000 | Listed for sale by Corcoran Group |

## Property Tax History

Taxes at 38 GROVE Street were $2,806 in 2026.

| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
| --- | --- | --- | --- | --- | --- | --- |
| 2026 (FY 2026/27) | $71,340 | $11,880 | $59,460 | $13,973 | $2,806 | 20.085% (estimated) |
| 2025 (FY 2025/26) | $61,620 | $11,880 | $49,740 | $13,973 | $2,806 | 20.085% (estimated) |
| 2024 (FY 2024/25) | $67,380 | $11,880 | $55,500 | $13,792 | $2,770 | 20.085% |
| 2023 (FY 2023/24) | $82,680 | $11,880 | $70,800 | $13,039 | $2,619 | 20.085% |
| 2022 (FY 2022/23) | $71,160 | $11,880 | $59,280 | $12,322 | $2,502 | 20.309% |
| 2021 (FY 2021/22) | $58,380 | $11,880 | $46,500 | $11,644 | $2,324 | 19.963% |
| 2020 (FY 2020/21) | $59,040 | $11,880 | $47,160 | $11,644 | $2,450 | 21.045% |
| 2019 (FY 2019/20) | $55,560 | $11,880 | $43,680 | $11,493 | $2,433 | 21.167% |
| 2018 (FY 2018/19) | $10,866 | — | — | $10,866 | $2,273 | 20.919% |
| 2017 (FY 2017/18) | $10,268 | — | — | $10,268 | $2,093 | 20.385% |
| 2016 (FY 2016/17) | $9,703 | — | — | $9,703 | $1,940 | 19.991% |
| 2015 (FY 2015/16) | $9,703 | — | — | $9,703 | $1,897 | 19.554% |
| 2014 (FY 2014/15) | $9,578 | — | — | $9,578 | $1,835 | 19.157% |
| 2013 (FY 2013/14) | $9,055 | — | — | $9,055 | $1,738 | 19.191% |
| 2012 (FY 2012/13) | $8,557 | — | — | $8,557 | $1,589 | 18.569% |
| 2011 (FY 2011/12) | $8,086 | — | — | $8,086 | $1,472 | 18.205% |
| 2010 (FY 2010/11) | $8,086 | — | — | $8,086 | $1,404 | 17.364% |

The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.

Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.

Figures are the New York City Department of Finance assessment roll for tax lot 3033210017. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.

[How we source and calculate NYC property tax data](https://realestaterebatesnewyork.com/nyc-property-tax-data-methodology)

## About The Building

### 38 GROVE Street

Bushwick · Multi Family

38 GROVE Street, Brooklyn, NY 11221

A building in Bushwick, currently featuring 0 active listings.

- **Year Built**: 1920
- **Active Units**: 0
- **Floors**: 2

[View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/38-grove-street)

### Available Residences — For Sale (0)

| Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |

### Recently Sold (1)

| Unit | Beds | Baths | Size | Price / Ft² | Sold Price | Listing Office | Listed Date | Sold Date |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [N/A](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11221/38-grove-street-ny-11221) | 5 | 3 | 2,640 sqft | $644 | $1,700,000 | Corcoran Group | Dec 8, 2025 | May 21, 2026 |

## Bushwick

Overview of Bushwick

[Explore Bushwick](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods)

### Nearby Bushwick

- [Ridgewood real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/ridgewood)
- [Williamsburg real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/williamsburg)
- [Crown Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/crown-heights)
- [Glendale real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/queens/glendale)
- [Cypress Hills real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/cypress-hills)

## Related Links

- [38 GROVE Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/38-grove-street)
- [Bushwick neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/bushwick)
- [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator)
- [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact)

---

> RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

> All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.