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Mixed-Use Property with Income Potential

563 Glenmore Ave, Brooklyn, NY 11207

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For Sale

$1,350,000

High-income mixed-use property with storefront and residential units in Brooklyn.

Type:Commercial

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.
Potential for FHA financing for owner‑occupants with as little as 3.5% down.
Prime storefront and two residential units (duplex with finished basement, one‑bedroom, and four‑bedroom) provide multiple income streams.
Additional upside with a separate basement section ready to be monetized for storage or coin‑operated laundry.

We can help!

Listing Contact

Carlos A. Gaviria

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For Sale

$1,350,000

High-income mixed-use property with storefront and residential units in Brooklyn.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 50
Last Refresh:: Apr 24 at 3:19 pm

Property Features for 563 Glenmore Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1935

We can help!

Listing Contact

Carlos A. Gaviria

Listing agent Carlos A. Gaviria

Listing office InstaHomes Realty LLC

Listing date Apr 24, 2026

Source Elliman

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

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.
Potential for FHA financing for owner‑occupants with as little as 3.5% down.
Prime storefront and two residential units (duplex with finished basement, one‑bedroom, and four‑bedroom) provide multiple income streams.
Additional upside with a separate basement section ready to be monetized for storage or coin‑operated laundry.

Overview

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.

Location Intelligence

Current Use by Public Records

AMAZONLOCAL Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Brooklyn
County: Kings
State: New York
Longitude: -73.889382
Latitude: 40.674355

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For sale
Mixed-use properties
NY
Brooklyn
11207
563 Glenmore Ave

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.