637 Hegeman Avenue

East New York

$897,500
Price
Beds
3,636 Sq. Ft.
$247 / Sq. Ft.
3,636
Sq. Ft.
$247
per Sq. Ft.

Description

Welcome to a prime mixed-use property in the heart of East New York, Brooklyn. This property is offering an exceptional opportunity for investors and owner-occupants alike. This versatile, income-producing building features two residential units and a street-level commercial storefront, perfectly designed to generate multiple revenue streams. The two Residential Units are very spacious, well-lit apartments with functional layouts, modern kitchens, and comfortable living areas — ideal for long-term...Welcome to a prime mixed-use property in the heart of East New York, Brooklyn. This property is offering an exceptional opportunity for investors and owner-occupants alike. This versatile, income-producing building features two residential units and a street-level commercial storefront, perfectly designed to generate multiple revenue streams. The two Residential Units are very spacious, well-lit apartments with functional layouts, modern kitchens, and comfortable living areas — ideal for long-term tenants or short-term rental opportunities. In addition, the commercial storefront is a highly visible retail space on the ground floor with large display windows and heavy foot traffic, perfect for a retail shop, office, or service-based business. Whether you’re looking to grow your portfolio or secure a live-work investment, this property is a smart choice for long-term growth and consistent returns. Don’t miss it — schedule a viewing today!
  1. Listed by Claudette Rolling • Revived Residential

Amenities

  • Ground Floor
  • Parking Included
  • Lowrise
LISTING UPDATED: 12/09/2024 10:11 AM

Property Details for 637 Hegeman Avenue

StatusActive
MLS ID487892
Days on Market6
Taxes$4,727 / year
Maintenance-
Min. Down Pymt-
Total Rooms-
Compass TypeMixed Use
MLS TypeMixed Use
Year Built1930
Lot Size1,800 SF / 20' x 90'
CountyKings County

Building

637 Hegeman Ave

2 Units2 StoriesBuilt in 1930

Building Information for 637 Hegeman Avenue

Stories2Residences2Year Built1930Lot Size1,800 SF / 20' x 90'Building Age-Building Type-

Property Information for 637 Hegeman Avenue

Summary
Location and General Information
  • Block: 4303
  • Number Of Stories: 1
  • Cross Street Name: Bradford street
  • Zoning: R6
  • Roof: Other
  • Water Front Present YN: No
  • Number Of Vacant Units: 1
Parking
  • Parking Attributes: None
  • Parking Feature Single: None
Taxes and HOA Information
  • Financing: 1031 Exchange, Assumption, Bank Mortgage, Cash, Lease/Purchase, Owner
  • Tax Amount: 4727.0
  • Gross Expense: 6012.0
  • Gross Income: $97,800.00
  • Miscellaneous Expense: 1200.0
  • Cap Rate: .10%
Property
Lot Information
  • Sq Ft Total: 3636
  • Yard: None
  • Road Frontage: 20.0
  • Lot Number: 42
  • Lot Size Irregular YN: Yes
  • Lot Size Length: 90
  • Lot Size Width: 20
Property and Assessments
  • Commercial Condo YN: No
Utilities
  • Heat Delivery: Steam/Radiator
  • Heating Fuel: Gas
  • Hot Water: Gas
  • Utility Expense: 0.0
  • Fuel Expense: 3036.0
Interior and Exterior Features
Interior Features
  • Basement Amenities: Finished, Full
  • Commercial Features Interior: None
  • Foundation Details: Other
  • Flooring: None
  • Unit Count: 3
  • Lavatories: None
  • Construction Materials: Other
  • Electric: Other
  • Ceiling Height: Other
Exterior Features
  • Exterior: Brick
  • Commercial Features Exterior: None
  • Handicap Access YNU: Unknown
Multi Family
Multi-Family Information
  • Building Footprint Sq Ft: 1000.0
  • Building Length: 50.0
  • Building Type: Attached
  • Building Width: 20.0
Unit 1
  • Unit Baths Full: 1
  • Unit Baths Half: 1.0
  • Unit Category: Store
  • Unit Current Rent: 1850.0
  • Unit Floor: 1
  • Unit Status: Month-to-Month
  • Unit Unit Type: Other
Unit 2
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0.0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Date Available: 12-07-2024
  • Unit Floor: 1
  • Unit Projected Rent: 2650.0
  • Unit Rooms Total: 4
  • Unit Status: Vacant
  • Unit Unit Type: 2 Bedrooms
Unit 3
  • Unit Baths Full: 1
  • Unit Baths Half: 0.0
  • Unit Baths Three Quarter: 0
  • Unit Baths Total: 1
  • Unit Bedrooms Total: 3
  • Unit Category: Apt
  • Unit Current Rent: 2995.0
  • Unit Floor: 2
  • Unit Projected Rent: 3650.00
  • Unit Rooms Total: true
  • Unit Status: Month-to-Month
  • Unit Unit Type: 3 Bedrooms
Agent
Agent Information
  • Net Operating Income: 85539.67
Sale and Listing
  • Sale Type: Arm's Length
Rental
Rental Information
  • Insurance Expense: 3537.0
  • Certificate Of Occupancy YN: Yes
  • Owner Occupied: No
  • Rent Income: 8150.0

Property History for 637 Hegeman Avenue

DateEvent & SourcePriceAppreciationLink
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 637 Hegeman Avenue

Taxable ValueLand$8,400Additions$47,340Total$55,740
Home Facts
Total Finished SqFt3,643 SqFtLot Size1,800 SqFtYear Built1930ZoningR6APN3043030042

Schools near 637 Hegeman Avenue

This home is within Nyc Geog District #19 - Brooklyn.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 6 to 12
Public - 9 to 12
Rating
School
Distance
P.S. 213 New Lots
PublicPK to 5

Van Siclen Community Middle School
Public6 to 8

East New York Family Academy
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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637 Hegeman Avenue is a mixed use property for sale in East New York. This property was listed for sale on December 7, 2024 by Revived Residential, it's currently listed at $897,500. It has been on the market for a total of 6 days and was last sold on November 7, 2017. This listing's school district is Nyc Geog District #19 - Brooklyn. Nearby schools include P.S. 213 New Lots, Van Siclen Community Middle School and East New York Family Academy. 637 Hegeman Avenue is a 0-bed, 0-bath, 3,636 sqft mixed use property built in 1930.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Revived Residential

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2024, OneKey® MLS. All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York’s Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer’s personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2024 The Real Estate Board of New York, Inc., all rights reserved. This information is not guaranteed, should be independently verified and may not reflect all real estate activity in the market. Offers of compensation set forth here are for other RLSParticipants only and may not reflect other agreements between a consumer and their broker.©2024 The Real Estate Board of New York, Inc., All rights reserved.