For Sale

Listed by Carlos Gaviria from Instahomes Realty LLC

Source: OneKey #987131

563 Glenmore Ave, New York, NY, 11207

$1,350,000

2400 sq. ft.
1497 sq. ft.

Duplex

30+ days on the market

What's around 563 Glenmore Ave

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.

Looking for more information on 563 Glenmore Ave?

Explore comparables, sales history and growth for this property.
Learn more

Similar properties for sale nearby

For Sale
$1,100,000
155 Sunnyside Avenue
New York NY 11207
4
2
Duplex
Listing courtesy of Home Global Realty Corp
For Sale
$550,000
593 Warwick Street
New York NY 11207
6
2
Duplex
Listing courtesy of Winzone Realty Inc
For Sale
$1,299,000
12 Covert Street
New York NY 11207
6
3
Duplex
Listing courtesy of Besmatch Real Estate

Other properties for sale by Instahomes Realty LLC

For Sale
$1,145,000
9417 Avenue B
New York NY 11236
6
4
Duplex
Listing courtesy of Instahomes Realty LLC
For Sale
$1,300,000
99-04 212th Street
New York NY 11429
Duplex
Listing courtesy of Instahomes Realty LLC
For Sale
$799,000
1268 Findlay Avenue
New York NY 10456
5
2
Duplex
Listing courtesy of Instahomes Realty LLC

Browse properties sold in nearby areas

The data relating to real estate for sale on this website comes in part from the Internet Data exchange of OneKey MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 OneKey MLS. All Rights Reserved

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

Email
© 2026 RateMyAgent