$1,199,000
Price decreased by $151,000 on Jul 28, 2026

Triplex In Brooklyn

  • 2,400 Sqft
  • 1,497 Sqft lot
  • Updated: July 28
  • 1
    Views for last 30 days
  • 1
  • Source:
    OneKey MLS  MLS#987131

About the 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 la
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 type

    House

  • Year built

    1935

  • Price/sqft

    $499

Features

  • Investment Property
  • Duplex
  • Basement

Explore the Area

563 Glenmore Avenue, New York, New York, United States View on Google Maps
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Instahomes Realty LLC - Ridgewood

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Instahomes Realty LLC - Ridgewood
New York, United States
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2
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2026
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Instahomes Realty LLC - Ridgewood
Ridgewood, New York, United States
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Last updated
July 28
First listed
Apr 18
Listing reference
987131
Listing status
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