Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    89 Hegemans Ln Glen Head, NY 11545

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,400,000

    Buildable lots in a gated community, near Manhattan.

    Lot size:
    3.39 Acres

    Property Features for 89 Hegemans Ln

    General Information

    Lot size
    3.39 Acres

    We can help!

    Listing Contact
    Neena Chowdhary
    Source: Moodyscre

    Listing Agent: Neena Chowdhary

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Old Brookville Gated Community Land

    Located within the Village of Old Brookville, this newly developed 23+ acre gated community offers six buildable lots ranging from 3 to 4 acres each. The community is accessed through a remote-controlled gate, leading to a secluded, landscaped drive and a quiet cul-de-sac. All utilities are underground. The property is located approximately 25 miles from Manhattan and offers convenient access to dining and shopping. Across from the gated entrance to the Chatwal Estates, a 60-acre parcel is to be preserved in its natural state.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Building Supply Auto Repair Shop Gym & Fitness Pharmacy Auto Parts Store Department Store Food Market Grocery Store Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Glen Head
    County
    Nassau
    State
    New York
    Longitude
    -73.5920528
    Latitude
    40.8319169

    Nearby Similar for Sale

    • $2,800,000

      Turnkey Mixed-Use Building in Glen Head

      Fully leased retail and residential units in Glen Head, NY.
      167 Glen Head Rd, Glen Head, NY 11545
      View Details
    • $1,435,000

      Commercial Building Near Glen Head Station

      6200 SF commercial building in prime Glen Head location.
      8-12 Railroad Ave, Glen Head, NY 11545
      View Details
    • $1,695,000
      8,100 SF

      Glen Head Office Building

      Office building with parking and lower level near LIRR.
      31 Glen Head Rd, Glen Head, NY 11545
      View Details
    • $199,999

      Profitable Convenience Store Business Opportunity

      Established convenience store for sale with growth potential.
      3 Sta Plz, Glen Head, NY 11545
      View Details
    • $775,000

      First Floor Corner Co-op

      Two-bedroom co-op in gated community with modern amenities.
      100 The Gln, Glen Head, NY 11545
      View Details
    • $200,000

      Profitable Convenience Store Business Opportunity

      Established convenience store for sale with growth potential.
      63 Glen Head Rd, Glen Head, NY 11545
      View Details
    • $680,000

      Retail Property Near LIRR Station

      Retail property in Glen Head, steps from LIRR station.
      22 Rail Rd Ave, Glen Head, NY
      View Details
    • $80,000

      Turn-Key Restaurant Opportunity

      Fully equipped 40-seat restaurant for sale in Glen Head.
      133 Glen Head Rd, Glen Head, NY 11545
      View Details
    • $999,000

      Glen Head Multifamily Opportunity

      Multifamily property for sale in Glen Head, New York.
      32 The Gln, Glen Head, NY 11545
      View Details

    FAQs

    What type of property is this?
    Land - Buildable lots in a gated community, near Manhattan.
    Where is this land located?
    The property is located at 89 Hegemans Ln Glen Head, NY.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - Gated community within the Village of Old Brookville, offering privacy and security.; - Buildable lots ranging from 3 to 4 acres each.; - Conveniently located only 25 miles from Manhattan.
    (516) 643-0076
    Request Owner's contact information
    89 Hegemans Ln Glen Head, NY 11545
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    89 Hegemans Ln
    Glen Head, NY 11545
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    89 Hegemans Ln Glen Head, NY 11545
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Neena Chowdhary
    (516) 643-0076
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.