Ad #7786216
MLS #987131
Live. Work. Earn. Repeat. This is the kind of opportunity that
563 Glenmore Ave, Brooklyn, New York, 11207
$1,350,000
--Beds
--Baths
--Sqft
0.034Acres
About this property
Live. Work. Earn. Repeat. This is the kind of opportunity that rarely hits the market-a high-income producing mixed-use property designed for both savvy investors and ambitious business owners ready to control their future. This fully electric building features two residential units plus a prime storefront, creating multiple income streams under one roof. The front unit offers a duplex layout with a finished basement, making it the perfect live/work setup-run your business downstairs while enjoying private living space above or below. The rear of the first floor includes a spacious one-bedroom, and the top floor delivers a high-demand four-bedroom unit. The numbers speak for themselves: $5,000/month (storefront potential) $4,000/month (4-bedroom unit) $2,800/month (1-bedroom unit) That's over $140,000/year in projected gross income-with extremely low expenses. Even better? The property is 100% electric, meaning tenants pay their own heat, hot water, and electricity, dramatically reducing landlord overhead and boosting your net returns. With property taxes at just ~$2,243/year (virtually unheard of for mixed-use in Brooklyn), plus minimal operating expenses, this asset delivers an estimated 9.7% cap rate at a $1.35M purchase price. There's more-additional upside exists with a separate basement section ready to be monetized for storage or coin-operated laundry, adding even more cash flow. Now here's where it gets exciting... This property may qualify for FHA financing for owner-occupants, meaning a qualified buyer can potentially purchase with as little as 3.5% down. If you're a business owner, this is your chance to: ? Own your storefront instead of renting ? Live in the property ? Collect rental income from the other units to offset your mortgage It's not just a purchase-it's a wealth-building machine. Located in a rapidly growing Brooklyn corridor with strong foot traffic, accessibility, and ongoing development, this is a rare chance to secure a cash-flowing asset with built-in lifestyle flexibility. Whether you're an investor chasing yield or an entrepreneur ready to own your space-this deal checks every box.
Property Features
0 Beds
0 Baths
0 Sqft
Built in 1935
0.034 Acres
Siding: Brick
Electric (Heating)
$2,243 / yr property tax
Kings County
Additional Photos
Contact Information
Carlos A. Gaviria
InstaHomes Realty LLC
516-965-4996
Location
Listing Agent: Carlos A. Gaviria 516-965-4996
Broker: InstaHomes Realty LLC 516-965-4996 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: InstaHomes Realty LLC 516-965-4996 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Jul 24, 2026
Photo Gallery
$1,350,000
--
Beds
--
Baths
--
Sqft
563 Glenmore Ave, Brooklyn, New York, 11207
By contacting this agent you agree to these Terms and Conditions.
MLS# 987131
Live. Work. Earn. Repeat. This is the kind of opportunity that
$1,350,000
563 Glenmore Ave, Brooklyn, New York, 11207
--
Beds
--
Baths
--
Sqft
0.034
Acres
$1,350,000
563 Glenmore Ave, Brooklyn, New York, 11207
-- Beds
-- Baths
-- Sqft
0.034 Acres
Live. Work. Earn. Repeat. This is the kind of opportunity that rarely hits the market-a high-income producing mixed-use property designed for both savvy investors and ambitious business owners ready to control their future. This fully electric building features two residential units plus a prime storefront, creating multiple income streams under one roof. The front unit offers a duplex layout with a finished basement, making it the perfect live/work setup-run your business downstairs while enjoying private living space above or below. The rear of the first floor includes a spacious one-bedroom, and the top floor delivers a high-demand four-bedroom unit. The numbers speak for themselves: $5,000/month (storefront potential) $4,000/month (4-bedroom unit) $2,800/month (1-bedroom unit) That's over $140,000/year in projected gross income-with extremely low expenses. Even better? The property is 100% electric, meaning tenants pay their own heat, hot water, and electricity, dramatically reducing landlord overhead and boosting your net returns. With property taxes at just ~$2,243/year (virtually unheard of for mixed-use in Brooklyn), plus minimal operating expenses, this asset delivers an estimated 9.7% cap rate at a $1.35M purchase price. There's more-additional upside exists with a separate basement section ready to be monetized for storage or coin-operated laundry, adding even more cash flow. Now here's where it gets exciting... This property may qualify for FHA financing for owner-occupants, meaning a qualified buyer can potentially purchase with as little as 3.5% down. If you're a business owner, this is your chance to: ? Own your storefront instead of renting ? Live in the property ? Collect rental income from the other units to offset your mortgage It's not just a purchase-it's a wealth-building machine. Located in a rapidly growing Brooklyn corridor with strong foot traffic, accessibility, and ongoing development, this is a rare chance to secure a cash-flowing asset with built-in lifestyle flexibility. Whether you're an investor chasing yield or an entrepreneur ready to own your space-this deal checks every box.
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Property Details
HOME DETAILS
0 Beds
0 Baths
0 Sqft
Built in 1935
0.034 Acres
EXTERIOR
Siding: Brick
INTERIOR
Electric (Heating)
FINANCIAL & COMMUNITY
$2,243 / yr property tax
Kings County
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7786216
Viewed
16 times
Listing Status
Active
Added
Jun 16, 2026
Last Refresh
Jul 24, 2026 04:01:17 PM
Listing Information
Data Source
OneKey MLS
Source Property ID
987131
Listing Agent: Carlos A. Gaviria 516-965-4996
Broker: InstaHomes Realty LLC 516-965-4996 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: InstaHomes Realty LLC 516-965-4996 Listing Site
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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