677 GLENMORE Ave Brooklyn, NY 11207

Building Details

Year Built

1935

Listing Agency MACALUSO REALTY c***@gmail.com Show Phone

Listed by Cody Macaluso · License #10301221305

Source Elliman

Added: May 20 Checked: Jul 17 at 5:59 am

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Investment Insights

Based on property information with market context.

This six-unit apartment building, located in the central East New York area of Brooklyn, features free market rents, with all apartments exempt from DHCR regulations and not subject to rent stabilization. Gut renovated in 2007, the building comprises five 3-bedroom apartments and one 2-bedroom apartment. Each apartment is individually metered for utilities, including heat. The building includes coin-operated laundry. Current rents are $2000, $2500, $2500, $2425, $2425, and $2500, reflecting market rates. The exterior features stucco in good condition. A playground is located across the street. The location offers a bike score of 64, indicating bikeable conditions, and a transit score of 76, reflecting excellent transit options. The walk score is 59, indicating the area is somewhat walkable. This property is positioned as an ideal investment or for a 1031 tax exchange.

Key Highlights

• All apartments are free market rents - no rent stabilization.
• Each apartment pays their own utilities, including heat.
• Gut renovated in 2007.

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FAQs

What type of property is this?

Apartment building - Six-unit apartment building with free market rents in East New York.

Where is this apartment building located?

The property is located at 677 GLENMORE Ave Brooklyn, NY.

What is the asking price?

The asking price for this property is $1,999,000.

What are key features of this property?

This property features: All apartments are free market rents - no rent stabilization.; Each apartment pays their own utilities, including heat.; Gut renovated in 2007.