Renovated Two-Family
1065 Hegeman Ave Brooklyn, NY 11208
For Sale
Contact for pricing
Recently renovated two-family house with modern kitchens and comfortable living.
Property Size2,000 SF
Price / SF$475
Days on Market667
Property Features for 1065 Hegeman Ave
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Mixed Use
Listing Agency:
MYRTLE D REALTY
Listed By:
Dottie Lawrence
Source:
Crexi
Added: Sep 26, 2024
Changed: Jul 6
Last Checked: Jul 23 at 11:53AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MYRTLE D REALTY
Investment Insights
Based on property information with market context.
This is a renovated two-family house featuring modern kitchens. The house has been recently renovated to offer comfortable and luxurious living spaces. An open-concept layout connects the living, dining, and kitchen areas. The first floor has three bedrooms, a full kitchen with new appliances, and a wheelchair-accessible bathroom. The second floor also features three bedrooms and a full kitchen with new appliances. Both kitchens are equipped with stainless steel appliances, cabinetry, and countertops. Each floor has bedrooms with closets. The two bathrooms have been recently renovated. The backyard is accessible directly from the house and yard and is suitable for recreational activities. There is also space for a garden. Parking space is available. The property size is 2000 square feet.
Key Highlights
- Two fully renovated units, each with 3 bedrooms and modern kitchens.
- Top‑of‑the‑line stainless steel appliances, sleek cabinetry, and stylish countertops in both kitchens.
- Open‑concept layout perfect for entertaining and family time.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.8k | $38.40 |
| − Vacancy | −$3.5k | −$1.73 |
| EGI | $73.3k | $36.67 |
| − OpEx | −$22.0k | −$11.00 |
| NOI | $51.3k | $25.67 |
2,000 SF · lease $38.40/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$733.4K
$641.8K – $855.7K
NOI $51,341 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$653.1K
$571.4K – $761.9K
NOI $45,714 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,663 @ 7.0% cap · market cap 9.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Recently renovated two-family house with modern kitchens and comfortable living.
Where is this duplex located?
The property is located at 1065 Hegeman Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two fully renovated units, each with 3 bedrooms and modern kitchens.; **Top‑of‑the‑line stainless steel appliances, sleek cabinetry, and stylish countertops in both kitchens.**; Open‑concept layout perfect for entertaining and family time.
