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563 Glenmore Avenue
Brooklyn NY 11207 US

$1,350,000

Active Listing ID 986929
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Lot: 0.03 Acres
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Other

$1,350,000

Active Listing ID 986929
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563 Glenmore Avenue 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 Features

  • Facts
  • Lot Size: 0.03 Acres
  • Property Type: Residential
  • Property Sub-type: Other
  • Features
  • Cooling System: Wall/Window Unit(s), Ductless, Window Unit(s)
  • Heating Fuels: Electric (Heating)
  • Additional Features
  • Basement

Property

  • propertytype: Residential
  • propertysubtype: Other
  • listprice: 1350000
  • unparsedaddress: 563 Glenmore Avenue
  • postalcity: Brooklyn
  • stateorprovince: NY
  • country: US
  • postalcode: 11207
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0344
  • lotsizeunits: Acres
  • lotsizearea: 0.0344
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Carlos A. Gaviria
  • listagentemail: cgaviria@instahomesny.com
  • listagentkey: 3yd-MLSLINY-192606
  • listagentmlsid: 192606
  • listagentpreferredphone: 5169654996
  • listagentofficephone: 5169654996
  • listofficekey: 3yd-MLSLINY-CLGA01
  • listofficemlsid: CLGA01
  • disclaimer: 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.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1935
  • listingcontractdate: 2026-04-17
  • listagentfax: 7184410580
  • listagenturl: http://www.instahomesny.com
  • countyorparish: Kings (Brooklyn)
  • parcelnumber: 03979-0036
  • cooling: Wall/Window Unit(s), Ductless, Window Unit(s)
  • constructionmaterials: Brick
  • heating: Electric (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: None
  • rooms: Basement
  • utilities: Electricity Available
  • basement: Finished
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"InstaHomes Realty LLC", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"cgaviria@instahomesny.com", "ListBrokerageCity":"RICHMOND HILL", "ListBrokerageCountry":"US", "ListBrokerageEmail":"cgaviria@instahomesny.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"InstaHomes Realty LLC", "ListBrokeragePhone":"(516) 965-4996", "ListBrokeragePostalCode":"11418", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"11221 JAMAICA AVE", "ListBrokerageWebsiteUrl":"http://www.instahomesny.com", "ListOfficeAddress1":"11221 Jamaica Ave ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"CLGA01", "ListOfficeCity":"Richmond Hill", "ListOfficeCountry":"US", "ListOfficeEmail":"cgaviria@instahomesny.com", "ListOfficePostalCode":"11418", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"SINGLE_FAMILY - Brooklyn, NY", "ListingURL":null, "MLSModificationTimestamp":"2026-04-18 07:18:41", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2243, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/18/2026 7:44:17 AM GMT
Source Updated Date: 4/27/2026 6:49:05 AM GMT

Courtesy of: Carlos A. Gaviria, Instahomes Realty LLC, cgaviria@instahomesny.com

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.