# 7 Hegeman Ave, Brooklyn, NY 11212 > **TL;DR:** commercial, $60,000,000 ($916/sqft), built 1948, 65,535 sqft. Est. $320,893/mo. Listed 9 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $60,000,000 | | Price/sqft | $916 | | Square Feet | 65,535 | | Year Built | 1948 | | Lot Size | 90,169 sqft (2.07 acres) | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 9 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $303,393 | | Estimated Insurance | $17,500 | | **Total** | **$320,893** | ## Property Highlights - Built in 1948 - 2.07 acre lot ## Description ### Agent Description Exclusive offering. The Brookdale Portfolio of Brooklyn: four rent-stabilized buildings in Canarsie, Brooklyn offered together at $60,000,000. 381 apartments, 360,918 gross SF, ground-floor retail and 104 on-site parking spaces. The four addresses: 7 Hegeman Avenue, Brooklyn NY 11212 (172 units, 20-story elevator tower, 49-space cellar garage) 660 East 98th Street, Brooklyn NY 11236 (113 units, 12-story elevator building, 55-space surface lot) 505 Rockaway Parkway, Brooklyn NY 11212 (54 units over two leased storefronts, elevator) 525 Rockaway Parkway, Brooklyn NY 11212 (42 units plus one commercial unit, walk-up) Ownership-reported NOI of $3,835,489, an indicated 6.39% cap rate at the asking price, with reported occupancy of approximately 98%. That works out to $157,480 per unit and $166 per gross SF. Unit mix: 88 studios, 213 one-bedrooms, 78 two-bedrooms and 2 three-bedrooms. All four properties sit within roughly three-tenths of a mile of Brookdale University Hospital Medical Center. 505 and 525 Rockaway Parkway are on the hospital's tax block, 660 East 98th Street faces the campus across Linden Boulevard, and 7 Hegeman Avenue is about two blocks northeast. Additional income from parking, laundry, submetered electric, rooftop antenna leases and carrier agreements. Facade work at both towers and elevator work at 660 East 98th Street reported complete. 552 Amboy Street, a separately taxed land parcel (Block 3621 Lot 49), conveys with 7 Hegeman Avenue as the development piece and comes with a completed zoning study. Package sale only. Full financials released to qualified principals on a signed NDA. ## Location - **Address:** 7 Hegeman Ave, Brooklyn, NY 11212 - **County:** Kings - **Neighborhood:** Canarsie - **Coordinates:** 40.655955, -73.911569 - **Google Maps:** https://www.google.com/maps?q=40.655955,-73.911569 ## Virtual Tour & Media - **Video Tour:** https://thebrookdaleportfolio.com ## Listing Agent - **Name:** Nina Sabag - **Brokerage:** 5 BORO REALTY CORP - **Broker Phone:** 855-305-DEAL ## Photos ![7 Hegeman Ave - Photo 1](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f2407334878r.jpg) ![7 Hegeman Ave - Photo 2](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f1551453101r.jpg) ![7 Hegeman Ave - Photo 3](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f3084538126r.jpg) ![7 Hegeman Ave - Photo 4](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f2573576258r.jpg) ![7 Hegeman Ave - Photo 5](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f2190266055r.jpg) ![7 Hegeman Ave - Photo 6](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f4233136185r.jpg) ![7 Hegeman Ave - Photo 7](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f2988770093r.jpg) ![7 Hegeman Ave - Photo 8](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f872790287r.jpg) ![7 Hegeman Ave - Photo 9](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f3875750406r.jpg) ![7 Hegeman Ave - Photo 10](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f359311734r.jpg) ![7 Hegeman Ave - Photo 11](http://lh.rdcpix.com/2fe546b300002168c1ebff38036fca47l-f2100487986r.jpg) --- **MLS#:** 12033843 | **Updated:** 2026-10-22 **Source:** listhub *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.* [View on PropertySimple](https://www.propertysimple.ai/listing/7-hegeman-ave-brooklyn-ny-11212-2d69e1bc02f142fc8fd922a8dafdc52b) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/7-hegeman-ave-brooklyn-ny-11212-2d69e1bc02f142fc8fd922a8dafdc52b#listing", "url": "https://www.propertysimple.ai/listing/7-hegeman-ave-brooklyn-ny-11212-2d69e1bc02f142fc8fd922a8dafdc52b", "name": "7 Hegeman Ave, Brooklyn, NY 11212", "description": "Exclusive offering. The Brookdale Portfolio of Brooklyn: four rent-stabilized buildings in Canarsie, Brooklyn offered together at $60,000,000. 381 apartments, 360,918 gross SF, ground-floor retail and 104 on-site parking spaces. The four addresses: 7 Hegeman Avenue, Brooklyn NY 11212 (172 units, 20-story elevator tower, 49-space cellar garage) 660 East 98th Street, Brooklyn NY 11236 (113 units, 12-story elevator building, 55-space surface lot) 505 Rockaway Parkway, Brooklyn NY 11212 (54 units over two leased storefronts, elevator) 525 Rockaway Parkway, Brooklyn NY 11212 (42 units plus one commercial unit, walk-up) Ownership-reported NOI of $3,835,489, an indicated 6.39% cap rate at the asking price, with reported occupancy of approximately 98%. That works out to $157,480 per unit and $166 per gross SF. Unit mix: 88 studios, 213 one-bedrooms, 78 two-bedrooms and 2 three-bedrooms. All four properties sit within roughly three-tenths of a mile of Brookdale University Hospital Medical Center. 505 and 525 Rockaway Parkway are on the hospital's tax block, 660 East 98th Street faces the campus across Linden Boulevard, and 7 Hegeman Avenue is about two blocks northeast. Additional income from parking, laundry, submetered electric, rooftop antenna leases and carrier agreements. Facade work at both towers and elevator work at 660 East 98th Street reported complete. 552 Amboy Street, a separately taxed land parcel (Block 3621 Lot 49), conveys with 7 Hegeman Avenue as the development piece and comes with a completed zoning study. Package sale only. 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