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Brooklyn (Canarsie), NY, 11236 | $1,200,000
Introducing 10209 Glenwood Road, a well-located two-family property in the heart of Canarsie, positioned between East 102nd and East 103rd Streets and moments from the Canarsie-Rockaway Parkway L train. Set on an exceptionally wide 40 ft x 110 ft lot, this R5-zoned parcel offers significant long-term upside with a maximum buildable area of approximately 6, 600 square feet, supported by a Residential FAR of 1. 5 and a Facility FAR of 2. The existing structure measures 18 ft 47 ft, presenting a strong footprint for continued residential use, expansion, or future redevelopment. The current two-family configuration makes the property attractive for a range of buyers-from end users seeking rental income to investors focused on value-add strategies in an established Brooklyn neighborhood. The oversized lot width further distinguishes the asset, offering flexibility rarely found along this corridor. Located close to transit, neighborhood retail, and major thoroughfares, 10209 Glenwood Road is well positioned for both immediate occupancy and long-term growth.
Assemblage Opportunity: This property may also be purchased in combination with the adjacent parcels at 10211 and 10213 Glenwood Road, allowing for a larger development footprint or coordinated repositioning strategy.
Features
- Town: Brooklyn
- Levels: 2
- Rooms: 9
- Bedrooms: 4
- Baths: 2 full
- Lot Size: 110.00x40.00
- Laundry: In Unit
- Est. Taxes: $6,696
- View: Other
- Pet Policy: Building Yes,No
- MLS#: RLS20068312
- Days on Market: 8 days
- Website: https://www.raveis.com
/prop/RLS20068312/10209glenwoodroad_brooklyn_ny?source=qrflyer
All information is intended only for the Registrant’s personal, non-commercial use. This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. RLS Data display by William Raveis Real Estate, Inc.Listing courtesy of Douglas Elliman Real Estate Phone: (212) 891-7000
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
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Brooklyn (Canarsie), NY, 11236
$1,200,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $960,000 | $960,000 | $960,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $558 | $558 | $558 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,080 | $5,602 | $7,844 |
| Total Monthly Payment | $5,763 | $6,285 | $8,527 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535