Price Reduced 3.54%
Price History
$1,750,000
7/19/2024
$1,688,000
8/7/2024
989 Hegeman Avenue, Brooklyn, (East New York), NY, 11208
1925
Calling All Investors, Developers & End-Users!!! 100% Occupied Free Market Mixed-Use Corner Building In Brooklyn For Sale!!! The Building Features Excellent Signage, Great Exposure, 2 Stores, 6 Parking Spaces, High 10' Ceilings, Strong R5 Zoning, (4) 2 Br. Apts., Basement, LED Lighting, 200 Amp, Power, A/C, +++!!! The Property Is Located In The Heart Of Brooklyn 1 Block Off Linden Blvd. (Rt. 27)!!! Neighbors Include The Home Depot, Stop & Shop, ShopRite, CubeSmart Self Storage, L.A. Fitness, Sunoco, Dollar Tree, Wendy's, Subway, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! This Property Can Be Bought In Addition To 482 Atkins Avenue For Only $2.525m!!! Income: Laundromat: $48,000 Ann. Grocery Store: (600 Sqft.): $30,000 Ann.; Lease Exp.: 5/1/29; $600 Ann. Inc. Unit 2R (2 Br., 1 Bath): $21,600 Ann. M-M. Unit 2L (2 Br., 1 Bath): $21,600 Ann. M-M. Unit 3R (2 Br., 1 Bath): $21,600 Ann. M-M. Unit 3L (2 Br., 1 Bath): $21,600 Ann. M-M. Total Gross Rent: $164,400 Ann. Expenses: Gas: $2,800 Ann. Electric: $780 Ann. (Hallway + Basement Only) Maintenance & Repairs: $250 Ann. Insurance: $4,823 Ann. Water & Sewer: $2,000 Ann. (Excluding Laundromat) Trash: $0 Ann. Taxes: $15,973 Ann. Total Expenses: $26,626 Ann. Gross Income: $164,400 Ann. Net Operating Income (NOI): $137,774Ann. (8.16 Cap!!!) ,
Status:
Active
Town:
Brooklyn
Type:
Commercial
Units:
6
Zoning:
R5
Levels:
3
Acreage:
0.04
Est. Taxes:
$15,973
MLS #:
3566982
Community Info
School Info
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Listing courtesy of All Island Estates Realty Corp 516-783-5600