Buy with Yoreevo
$1,326,375
List Price: $1,350,000
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563 Glenmore Avenue
House in East New York •  building info
studio • 1,497ft² $902 per ft²
Buy with Yoreevo

$1,326,375

List Price

$1,350,000

Key Details
Days on market
12
Last price change
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Estimated payment
$7,472/mo
Taxes
$187/mo
Maintenance
N/A
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.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,350,000
Asking Price: $1,350,000
Term
30 Years
Down Payment
$135,000 (10%)
Min: 10% (135,000)
Rate
6.0 %
Mortgage Amount
$1,215,000
Mortgage Payment
$7,285
Taxes
$187
Estimated Yoreevo rebate
$23,625
Estimated closing cost
$49,000
Total monthly cost $7,472
Buy your dream home with us and get an estimated $23,625 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Instahomes Realty

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