# 563 Glenmore Avenue, Brooklyn, NY 11207

> **TL;DR:** residential multi family, $1,350,000, built 1935.
> A/C. Est. $5,850/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,350,000 |
| Year Built | 1935 |
| Lot Size | 1,498 sqft (0.03 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $5,850 |
| **Total** | **$5,850** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1935
- 0.03 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 563 Glenmore Avenue, Brooklyn, NY 11207
- **County:** Kings (Brooklyn)
- **Coordinates:** 40.674341, -73.889448
- **Google Maps:** https://www.google.com/maps?q=40.674341,-73.889448

## Listing Agent

- **Name:** Carlos A. Gaviria
- **Brokerage:** Instahomes Realty LLC
- **Phone:** 5169654996
- **Email:** cgaviria@instahomesny.com

## Primary Photo

![563 Glenmore Avenue - Primary Photo](http://lh.rdcpix.com/7e2efe3ad0195e3dce3f01611ea61047l-f152147371r.jpg)

*37 total photos available on [listing page](https://www.propertysimple.com/listing/563-glenmore-avenue-brooklyn-ny-11207-y987131)*

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**MLS#:** 987131 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/563-glenmore-avenue-brooklyn-ny-11207-y987131)

---

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