This six-family building at 316 Grove Street offers spacious one-bedroom units, each featuring a formal living room, dining room, and a generous kitchen, with a great location in Brooklyn’s Bushwick neighborhood. The units were partially renovated a few years ago, offering both modern touches and great potential for further customization. With only one vacancy, this acquisition provides robust existing income with additional value-add potential. Conveniently located just 3 blocks from the M and L subway lines, residents of 316 Grove Street enjoy easy access to all the amenities and vibrant culture of Bushwick. The area immediately surrounding the property is home to lush public parks and quality retail amenities, including national brands such as CVS, Planet Fitness, Dollar Tree, McDonald’s, White Castle, Starbucks, and Food Bazaar. A new owner of 316 Grove Street can lean on an impressive demographic profile within one mile of the property, with more than 161,000 residents and 83% of locals currently owning their homes. This presents a dependable pipeline of future residents for the property that contributed household segment spending of more than $660 million during 2024.