1055 Glenmore Ave — Sale in Brooklyn, NY

  • Price: $1.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Brooklyn, NY 11208
  • Size: 2,550 SF

Investment Figures

Cap rate
7.00%
Price per square foot
$571

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Located in the heart of City Line, an urban community rich with history and cultural diversity, this 6-unit building is a prime investment opportunity! City Line is on the verge of gentrification, making it the perfect time to invest in this vibrant area that seamlessly blends business and residential living. This building offers: • Apt 1: 2 bedrooms, 1 full bath, eat-in kitchen, living room • Apt 2: 2 bedrooms, 1 full bath, eat-in kitchen, living room • Apt 3: 3 bedrooms, 1 full bath, eat-in kitchen, living room • Apt 4: 2 bedrooms, 1 full bath, eat-in kitchen, living room • Apt 5: 3 bedrooms, 1 full bath, eat-in kitchen, living room • Apt 6: 2 bedrooms, 1 full bath, eat-in kitchen, living room Conveniently close to public transportation, shopping, and major highways, this property offers easy access to everything the city has to offer. Whether you’re looking for a long-term investment or a property with rental potential, this building is a fantastic opportunity to grow in a thriving community. Don’t miss out on this gem in a neighborhood on the rise! Building SF: 2550 | Listing Type: FOR SALE

Market Context

This multifamily in Brooklyn, NY is listed for sale at $1,455,000 across 2,550 SF. It is offered at an approximate 7.0% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 71 days. Compare it against other multifamily listings for sale in Brooklyn, NY — view the full market.

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