637 Hegeman Ave - Storefront Retail/Residential FOR SALE


Brooklyn, NY 11207- East New York
$795,000 USD
415-535-7779
637 Hegeman Ave, Brooklyn, NY for Sale
$795,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | 10.97% Cap Rate

637 Hegeman Ave
Brooklyn, NY 11207
East New York


HIGHLIGHTS

  • Recently appraised for $1.145M! – Check documents
  • Minimal Management – Low-maintenance asset in good condition
  • Strong Rental Upside – Residential rents can be increased by up to 20% to meet market rates
  • Development Potential – Additional air rights for future expansion or repositioning

OVERVIEW

Prime mixed-use investment opportunity in one of Brooklyn’s emerging corridors. This well-maintained property features: - Two residential units – a spacious 2-bedroom and a large 3-bedroom, both with strong rental demand and potential for 20% rent increases to reach market rates. - Street-level retail space (current barber shop) - Full basement (currently leased for storage) With air rights offering future development potential and minimal day-to-day management required, this asset delivers both immediate cash flow and long-term upside. An excellent opportunity for investors seeking a stable, value-add property in Brooklyn with room for growth.

FOR SALE DETAILS

PRICE

$795,000 USD

PRICE/SF

$229 USD /SF

CAP RATE

10.97%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fully Occupied Mixed Use (Two Resi + Retail)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

R6

APN/PARCEL ID

04303-0042

ASK ABOUT THIS PROPERTY

Vernon JayGenerational Wealth OrganizationMore Info
415-535-7779

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Vernon JayGenerational Wealth OrganizationMore Info
415-535-7779

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.