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Fully Occupied Mixed Use (Two Resi + Retail) 637 Hegeman Ave 3,470 SF 100% Leased Retail Building Brooklyn, NY 11207 $1,094,961 CAD ($315.55 CAD/SF) 10.97% Cap Rate
INVESTMENT HIGHLIGHTS
- Recently appraised for $1.145M! – Check documents
- Strong Rental Upside – Residential rents can be increased by up to 20% to meet market rates
- Minimal Management – Low-maintenance asset in good condition
- Development Potential – Additional air rights for future expansion or repositioning
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,470 SF
Building Class
C
Year Built
1930
Price
$1,094,961 CAD
Price Per SF
$315.55 CAD
Cap Rate
10.97%
NOI
$120,115 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.99
Lot Size
0.04 AC
Zoning
R6 - Widely mapped in built-up, medium-density areas in Brooklyn. R6 can range from neighborhoods with a diverse mix of building types and heights.
Parking
1 Spaces (0.29 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- 24 Hour Access
- Security System
- Signage
Walk Score®
Very Walkable (87)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04303-0042 | Total Assessment | $81,758 CAD |
| Land Assessment | $11,620 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $70,138 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
04303-0042
Land Assessment
$11,620 CAD
Improvements Assessment
$70,138 CAD
Total Assessment
$81,758 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
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Presented by
Generational Wealth Organization
Fully Occupied Mixed Use (Two Resi + Retail) | 637 Hegeman Ave
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