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Three-Family Residential Building

965 Glenmore Avenue Brooklyn, NY 11208

965 Glenmore Avenue, Brooklyn, NY, 11208
$999,000
Pending
For Sale
$999,000
Pending

MULTI_FAMILY - Brooklyn, NY

Property Size3,300 SF
Days on Market77

Property Features for 965 Glenmore Avenue

General Information

Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
10
Bathrooms
3
Rooms
Bedroom 4, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 10, Bedroom 6, Bathroom 2, Bedroom 3, Basement, Bedroom 1, Bedroom 2, Bedroom 9, Bedroom 7, Bathroom 3
Parking features
On Street
Interior features
Eat-in Kitchen
Basement
Finished
Standard status
Pending
APN
3-04192-0046

Taxes and HOA fees

Tax Year
2025
Tax Annual Amount
4648

Utilities

Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s)
Water source
Public

Building Details

Year built
1899
Number of units
3
Building materials
Frame
Listing agency Real Broker NY LLC
Listed by Barbara Piascik
Added: May 7 Updated: Jul 17 at 9:21PM Checked: Jul 22 at 11:06AM
MLS# 996806

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This three-family residential building offers a generous 20 ft x 55 ft footprint (approximately 3,300 square feet) and is described as being in good overall condition. The layout includes a spacious 2-bedroom unit on the first floor and an updated 3-bedroom unit on the second floor with a new kitchen. The third-floor unit is a well-maintained 3-bedroom configuration. A finished basement includes a full bathroom and a separate outside entrance, providing additional flexibility for everyday use.

The owner indicates that FL 1 and FL 2 have good paying tenants, while the basement and FL 3 will be vacant at the time of sale. The property also features a newly paved and fenced back yard.

For access and convenience, the home is positioned near shopping, dining, schools, parks, public transportation, and major highways, with proximity to the A & C train lines.

Key Highlights

  • Three‑family building with approximately 3,300 SF and a 20 ft x 55 ft footprint
  • Unit mix: first‑floor 2‑bedroom, second‑floor updated 3‑bedroom with new kitchen, third‑floor 3‑bedroom
  • Finished basement with a full bathroom and separate outside entrance

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $126.7k $38.40
− Vacancy −$5.7k −$1.73
EGI $121.0k $36.67
− OpEx −$36.3k −$11.00
NOI $84.7k $25.67
3,300 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$1.21M
$1.06M – $1.41M (±1% cap)
NOI $84,712 @ 7.0% cap · market cap 8.48%
Second Best
Apartment 5plus
$1.08M
$942.9K – $1.26M (±1% cap)
NOI $75,428 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M (±1% cap)
NOI $141,343 @ 7.0% cap · market cap 14.15%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Law Firm Real Estate Agency Dental Office Parking Lot & Garage Gym & Fitness Center Skin Care Clinic Acupuncture Cafe & Coffee Shop Bar & Pub (Bike/Boat/Book/etc) Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Triplex - Well-maintained three-family building with two occupied units and a finished basement with a full bath and separate outside entrance.
Where is this triplex located?
The property is located at 965 Glenmore Avenue Brooklyn, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Three‑family building with approximately 3,300 SF and a 20 ft x 55 ft footprint; Unit mix: first‑floor 2‑bedroom, second‑floor updated 3‑bedroom with new kitchen, third‑floor 3‑bedroom; Finished basement with a full bathroom and separate outside entrance
Contact an agent
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