801 Glenmore Ave Brooklyn, NY 11208
- Residential income homes
Current Use by Public Records
- Residential income homes
Property Details for 801 Glenmore Ave
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brooklyn
- County
- Kings
- State
- New York
- Longitude
- -73.8806698
- Latitude
- 40.6756054
