69 Grove Street
About This Property
Inside, generous proportions define the main level. An oversized living room is anchored by high ceilings that give a feeling of spaciousness. A formal dining room accommodates gatherings, while a den - added to the original home - provides a comfortable everyday retreat. The first floor is completed by the kitchen and a dedicated casual dining nook housing laundry and providing access to the yard.
Upstairs, three well-proportioned bedrooms share a full bathroom, and a generous walk-in closet accessible from the hallway offers ample additional storage.
The mechanical systems have been thoughtfully maintained: Roof (2011); windows: main house (2006), basement (2015); 100 amps electrical panel updated (2020); gas boiler (2006).
A deep 40 x 175 lot extends well beyond the home itself, offering rare outdoor space for Lynbrook Village and room to create your own backyard sanctuary. Positioned within Malverne School District 12 with easy access to the charm and commuter convenience of Lynbrook Village, 69 Grove Street is a rare opportunity to own a piece of classic Long Island architecture with character, space, and location working in its favor. Bring your vision and make this home your own.
Note: Taxes are $14,134. Tax grievances are pending on this property! The 2026 grievance was successful so the new owner will benefit from that. The 2027 is pending and the new owner will be able to take advantage of that if successful!
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 28, 2026 | Sold | ||
| Sold | |||
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Relisted | $649,000 | |
| Relisted | |||
| Jul 23, 2026 | In contract | - | |
| In contract | |||
| Jul 13, 2026 | Listed by Daniel Gale Sothebys Intl Rlty | $649,000 | |
| Listed by Daniel Gale Sothebys Intl Rlty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017