Mixed-Use Property with Income
563 Glenmore Ave Brooklyn, NY 11207
For Sale
$1,350,000
High-income mixed-use property with storefront and residential units in Brooklyn.
Days on Market96
Property Features for 563 Glenmore Ave
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
1935
Listing Agency:
InstaHomes Realty LLC
(516) 965-4996
Listed By:
Carlos A. Gaviria
(516) 965-4996
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Jul 28 at 7:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of InstaHomes Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property features two residential units and a storefront, offering multiple income streams. The front unit has a duplex layout with a finished basement, suitable for a live/work setup. The rear of the first floor includes a one-bedroom unit, and the top floor features a four-bedroom unit. The property is fully electric, with tenants responsible for their own heat, hot water, and electricity. Additional income potential exists with a separate basement section that can be monetized for storage or coin-operated laundry. Located in a growing Brooklyn area with foot traffic, accessibility, and ongoing development, this property may qualify for FHA financing for owner-occupants. It is located in a rapidly growing Brooklyn corridor with strong foot traffic, accessibility, and ongoing development.
Key Highlights
- High‑income producing mixed‑use property with over $140,000/year in projected gross income.
- Estimated 9.7% cap rate at a $1.35M purchase price with low expenses and property taxes.
- Fully electric building with tenants paying their own utilities, dramatically reducing landlord overhead.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - High-income mixed-use property with storefront and residential units in Brooklyn.
Where is this mixed-use property located?
The property is located at 563 Glenmore Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: High‑income producing mixed‑use property with over $140,000/year in projected gross income.; Estimated 9.7% cap rate at a $1.35M purchase price with low expenses and property taxes.; Fully electric building with tenants paying their own utilities, dramatically reducing landlord overhead.
