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965 Glenmore Avenue, Brooklyn 11208 — Exceptional opportunity to own a well-maintained three-family property. Whether you’re an investor seeking strong cash flow or an end-user looking to offset your mortgage with rental income, this property offers the perfect blend of versatility, location, and long-term value. Owner would like to sell with good paying tenants on FL 1 & FL 2, Basement & FL3 will be vacant. Building is a Generous 20 ft x 55 ft footprint, approximately 3, 300 square feet. The home has been well cared for over the years and is in good overall condition, providing comfortable living spaces with excellent rental appeal. Configurations and layout of the building features: - First Floor: Spacious 2-bedroom unit, - Second Floor: Updated 3-bedroom unit with new kitchen, - Third Floor: well maintained 3-bedroom unit. Additioally, Finished basement with a full bathroom and separate outside entrance, offering added versatility and potential for storage, recreation space, or extended living use. Newly paved and fenced back yard. Perfectly positioned near shopping, dining, schools, parks, public transportation, major highways, and just moments from the A & C train lines, this location provides convenient commuting options and strong rental demand. Passive income at its finest and a rare chance to own a high-income producing multifamily property in a growing and highly desirable neighborhood. Schedule your private showing today!
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Our Executive Mortgage Banker:
$999,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $799,200 | $799,200 | $799,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $387 | $387 | $387 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,538 | $4,921 | $6,744 |
| Total Monthly Payment | $5,017 | $5,400 | $7,223 |
* 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.