Water Front Luxury Realty

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$1,599,000
325 Days On Site

989 Hegeman Avenue
Brooklyn, NY 11208

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
4,800
SqFt
$333
/SqFt
1925
Built
County:
Kings (Brooklyn)
Listing courtesy of All Island Estates Realty Corp matthewshane8828@gmail.com

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987-456-3210
989 Hegeman Avenue989 Hegeman Avenue989 Hegeman Avenue989 Hegeman Avenue
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Monthly Payment (Est.)

$7,295
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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 $2.474m!!! 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. (8.62 Cap!!!) , o

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Listing Snapshot
Price 
$1,599,000
Days On Site 
325 Days
Bedrooms 
N/A
Inside Area (SqFt) 
4,800 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1,800 Acres
Year Built 
1925
MLS® Number 
L3566982
Status 
Active
Property Tax 
$15,973
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
8 months agoPrice changed to $1,599,000
9 months agoListing updated with changes from the MLS®
11 months agoListing first seen on site
General Features
Cross Street 
Atkins Avenue
Number Of Stories 
3
Parking Spaces 
6
SqFt Total 
4800
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Listing courtesy of All Island Estates Realty Corp matthewshane8828@gmail.com


Based on information submitted to the MLS GRID as of 2025-06-09 02:32 PM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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REACH MICHELLE MADTES!


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