563 Glenmore Avenue, Brooklyn, NY 11207
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
563 Glenmore Avenue,Brooklyn, NY 11207
$1,350,000
- - Beds
- - Baths
- 2,400 sq. ft.
- Multi-family
- Active
Listed by: carlos a. gaviria
Office: instahomes realty llc.
MLS#:987131
Source:OneKey MLS
Price summary
- Price:$1,350,000
- Price per sq. ft.:$562.5
About this home
Live. Work. Earn. Repeat. This is the kind of opportunity that rarely hits the market—a high-income producing mixed-use property designed for both savvy investors and ambitious business owners ready to control their future.
This fully electric building features two residential units plus a prime storefront, creating multiple income streams under one roof. The front unit offers a duplex layout with a finished basement, making it the perfect live/work setup—run your business downstairs while enjoying private living space above or below. The rear of the first floor includes a spacious one-bedroom, and the top floor delivers a high-demand four-bedroom unit.
The numbers speak for themselves:
$5,000/month (storefront potential)
$4,000/month (4-bedroom unit)
$2,800/month (1-bedroom unit)
That’s over $140,000/year in projected gross income—with extremely low expenses.
Even better? The property is 100% electric, meaning tenants pay their own heat, hot water, and electricity, dramatically reducing landlord overhead and boosting your net returns.
With property taxes at just ~$2,243/year (virtually unheard of for mixed-use in Brooklyn), plus minimal operating expenses, this asset delivers an estimated 9.7% cap rate at a $1.35M purchase price.
There’s more—additional upside exists with a separate basement section ready to be monetized for storage or coin-operated laundry, adding even more cash flow.
Now here’s where it gets exciting…
This property may qualify for FHA financing for owner-occupants, meaning a qualified buyer can potentially purchase with as little as 3.5% down.
If you’re a business owner, this is your chance to:
? Own your storefront instead of renting
? Live in the property
? Collect rental income from the other units to offset your mortgage
It’s not just a purchase—it’s a wealth-building machine.
Located in a rapidly growing Brooklyn corridor with strong foot traffic, accessibility, and ongoing development, this is a rare chance to secure a cash-flowing asset with built-in lifestyle flexibility.
Whether you’re an investor chasing yield or an entrepreneur ready to own your space—this deal checks every box....
Contact an agent
Home facts
- Year built:1935
- Listing ID #:987131
- Added:98 day(s) ago
- Updated:July 25, 2026 at 11:22 AM
Rooms and interior
- Bedroom Description:First Floor Bedroom
- Basement:Yes
- Basement Description:Finished
- Living area:2,400 sq. ft.
Heating and cooling
- Cooling:Ductless
- Heating:Electric
Structure and exterior
- Year built:1935
- Building area:2,400 sq. ft.
- Lot area:0.03 Acres
- Construction Materials:Brick
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,350,000
- Price per sq. ft.:$562.5
- Tax amount:$2,243 (2025)
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