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    801 Glenmore Ave Brooklyn, NY 11208

    For Sale
    $835,000

    Brooklyn Multifamily Value-Add Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional investment opportunity presents a three-unit multifamily property located at 801 Glenmore Avenue, Brooklyn, NY 11208, in Kings County. Currently vacant, this Class B property offers a significant value-add potential for the discerning investor. The asking price is $835,000, translating to approximately $278,333.33 per unit. The property boasts a desirable 8.00% cap rate. Situated on a 1,636 square foot lot, the building is zoned M1-1/R6A MX-16. The property is described as needing TLC and is delivered vacant, presenting a blank canvas for renovations and maximizing rental income. This represents a compelling chance to acquire a multifamily portfolio in a prime Brooklyn location. The property's address is conveniently located near the intersection of Glenmore Avenue and Shepherd Avenue. The property's vacant status allows for immediate implementation of a renovation and leasing strategy to optimize returns. This is a rare opportunity to acquire a multifamily property in a rapidly developing area of Brooklyn, offering significant upside potential for the right investor. The property's size and zoning provide flexibility for future development or expansion. This is a strong value-add investment opportunity with a high potential for return.

    Property Features for 801 Glenmore Ave

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Units
    3

    HighLights

    • Three‑family house for sale at 801 Glenmore Avenue, Brooklyn, NY 11208.
    • Asking price: $835,000, approximately $278,333 per unit.
    • 8.00% cap rate.
    • Vacant, offering value‑add potential.
    • Located on a 1,636 sq ft lot, zoned M1‑1/R6A MX‑16.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Brooklyn
    County
    Kings
    State
    New York
    Longitude
    -73.8806698
    Latitude
    40.6756054

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    FAQs

    What type of property is this?
    Multifamily property - Brooklyn Multifamily Value-Add Opportunity
    Where is this multifamily property located?
    The property is located at 801 Glenmore Ave Brooklyn, NY.
    What is the asking price?
    The asking price for this property is $835,000.
    What are key features of this property?
    This property features: Three-family house for sale at 801 Glenmore Avenue, Brooklyn, NY 11208.; Asking price: $835,000, approximately $278,333 per unit.; 8.00% cap rate.
    Request Owner's contact information
    801 Glenmore Ave Brooklyn, NY 11208
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    Brooklyn, NY 11208
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    801 Glenmore Ave Brooklyn, NY 11208
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