Semi-Attached Two-Family Brick
631 Hegeman Ave Brooklyn, NY 11207
631 Hegeman Ave, Brooklyn, NY, 11207
$850,000
Pending
For Sale
$850,000
Pending
MULTI_FAMILY - Brooklyn, NY
Property Size1,230 SF
Lot Size0.06 Acres
Days on Market58
Property Features for 631 Hegeman Ave
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1, Bedroom 5, Bedroom 3, Bedroom 4, Bedroom 6, Bedroom 1, Bedroom 2
- Standard status
- Pending
- Lot size
- 0.06 Acres
Building Details
- Floors in Building
- 2
Listing Agency
BROOKLYN REAL PROPERTY INC
(718) 875-8899
389 ATLANTIC AVE, Brooklyn, NY
Listed by
Jean Paul Ho
(718) 875-8899
Added: May 21 Checked: Jul 17 at 10:06 pm
MLS# 11779549
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Solid brick, semi-attached two-family home with three bedrooms over three bedrooms, plus a large finished basement. The building is described as very well maintained, with a new gas burner and other improvements, and measures approximately 20.5 x 60. The lot is approximately 26.5 x 95, and the property includes a shared driveway with lots of parking.
Located in East New York in Brooklyn, the listing notes R6 zoning and an unused FAR figure of 3,727. The remarks also indicate the home is close to restaurants, a large cinema complex, parks, supermarkets, and MTA bus service including B15, B35, and B35LTD, along with nearby subway lines 2, 3, 4, and 5.
This configuration can suit owner-occupants and investors looking for separate residential units alongside an additional finished basement space. With the maintained condition and parking arrangement, the property may appeal to tenants who value convenient access and off-street space. Shown by appointment only, per the listing.
Located in East New York in Brooklyn, the listing notes R6 zoning and an unused FAR figure of 3,727. The remarks also indicate the home is close to restaurants, a large cinema complex, parks, supermarkets, and MTA bus service including B15, B35, and B35LTD, along with nearby subway lines 2, 3, 4, and 5.
This configuration can suit owner-occupants and investors looking for separate residential units alongside an additional finished basement space. With the maintained condition and parking arrangement, the property may appeal to tenants who value convenient access and off-street space. Shown by appointment only, per the listing.
Key Highlights
- Solid brick semi‑attached two‑family home in East New York
- Layout offers 3 bedrooms over 3 bedrooms, plus a finished basement
- Shared driveway with lots of parking
Local 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 | $62.7k | $51.00 |
| − Vacancy | −$1.2k | −$0.97 |
| EGI | $61.5k | $50.03 |
| − OpEx | −$18.5k | −$15.01 |
| NOI | $43.1k | $35.02 |
1,230 SF · lease $51.00/SF/yr · vacancy 1.90% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$615.4K
$538.5K – $718.0K
NOI $43,077 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$536.4K
$469.4K – $625.9K
NOI $37,551 @ 7.0% cap · market cap 4.42%
Theoretical Best
Specialty Retail
$1.02M
$891.1K – $1.19M
NOI $71,291 @ 7.0% cap · market cap 8.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Solid brick two-family residence with 3-bedroom units, finished basement, and shared driveway with ample parking.
Where is this duplex located?
The property is located at 631 Hegeman Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Solid brick semi‑attached two‑family home in East New York; Layout offers 3 bedrooms over 3 bedrooms, plus a finished basement; Shared driveway with lots of parking
