New York City  »  11207  »  Hegeman Ave  »  588 Hegeman Ave

588 Hegeman Avenue, Brooklyn, NY 11207 - Property report

Also known as: 588 Hegeman Ave

Property image for 588 Hegeman Avenue, Brooklyn, NY 11207
static Mapbox map

Property type

Primarily Two Family with One Store or Office (S2)

Year built

1930

Lot sq. ft.

1,948

Sale price

$320,000

General information

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Address
Primary address
588 Hegeman Avenue
ZIP code
11207
Neighborhood
East New York
Borough
Brooklyn
Block & lot
04325-0001

Owner

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Building
Property type
Primarily Two Family with One Store or Office (S2)
Building sq. ft.
3,198
Building dimensions
20.5 ft x 78 ft
Buildings on lot
1
Stories
2
Year built
1930
Building material
Sales
Sale date
07/18/2013
Sale price
$320,000
Tax
Tax year
2026-2027
Property tax
$3,616
Tax class
Floor area ratio (FAR)
Commercial FAR
Residential FAR
Buildable area
Zoning & Use
Zoning
Qualified opportunity zone
Residential units
2
Residential sq. ft.
Office sq. ft.
Retail sq. ft.
Lot
Lot dimensions
20.5 ft x 95 ft
Lot sq. ft.
1,948

Area overview

Walk score
84 /100.  Very Walkable
Transit score
100 /100.  Rider's Paradise
Bike score
67 /100.  Bikeable
School district
19
Community district
5
Closest police station
0.82 Miles
Closest fire station
0.42 Miles

View more such as transportation, nearby schools and risk designations.

Ownership

Ownership information for 588 Hegeman Avenue, Brooklyn, NY

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Property owner name
Registered owner
Source
Deed
Owner contact information
Phone number
Owner address
Documents

Sales history for 588 Hegeman Avenue, Brooklyn, NY 11207

Sale date Sale price Buyer name Seller name
07/18/2013 $320,000 XXX XXXX & XXXXXX, XXX XXXX XXXXXX XXX
11/19/2002 $256,000 XXXX XXXXXX, XXX XXXX XXXXXX, XXXXXXX

*Most recent sales on record for this property.

More about New York City property records.

Title documents

Date Type Amount Party 1 Party 2
10/07/2021 - R UCC3 Continuation
(2021100400353001)		 XXX XXXX XXXXXX XXX XXXXXXXXX XXXX
11/23/2016 - R UCC3 Termination
(2016112200423002)		 XXX XXXX XXXXXX XXX XXXXXXXX XXXXXXX XXXXXXXXXXX
11/23/2016 - R Initial UCC1
(2016112200423001)		 XXX XXXX XXXXXX XXX XXXXXXXXX XXXX
11/28/2016 - R
11/16/2016 - D		 Assignment of Leases and Rents
(2016112200106004)		 XXX XXXX XXXXXX XXX XXXXXXXXX XXXX
11/28/2016 - R
11/10/2016 - D		 Agreement
(2016112200106003)		 XXX XXXX XXXXXX XXX XXXXXXXXX XXXX
11/28/2016 - R
11/10/2016 - D		 Mortgage
(2016112200106002)		 XXX XXXX XXXXXX XXX XXXXXXXXX XXXX
11/28/2016 - R
10/28/2016 - D		 Release
(2016112200106005)		 XXX XXXX XXXXXX XXX XXXXXXXX XXXXXXX XXXXXXXXXXX
11/28/2016 - R
10/28/2016 - D		 Assignment, Mortgage
(2016112200106001)		 XXXXXXXX XXXXXXX XXXXXXXXXXX XXXXXXXXX XXXX
08/06/2014 - R Initial UCC1
(2014051900584003)		 XXX XXXX XXXXXX XXX XXXXXXXX XXXXXXX XXXXXXXXXXX
08/06/2014 - R
05/15/2014 - D		 Assignment of Leases and Rents
(2014051900584002)		 XXX XXXX XXXXXX XXX XXXXXXXX XXXXXXX XXXXXXXXXXX

*Most recent recorded documents on file for this property.

R: Recorded date
D: Document date

Tax

Property taxes for 588 Hegeman Avenue, Brooklyn, NY

Property tax data includes tax amount, market value and assessed value, exemptions, abatements and assessment history.

Current property tax
Tax year
2025-2026
Property tax
$3,616
Municipal exemptions
Recent tax assessments
Market value
$737,000
Assessed value
$44,220

More about New York City property taxes

Assessment history

See the assessment and property tax history, including the evolution of the total tax rate and corresponding property tax amount.

Tax year Market value Assessed value Taxable amount Tax rate Base tax Property tax Y-o-Y change
2025/26 $778,000 $46,680 $18,222 19.843% $3,616 $3,616 -0.44%
2024/25 $685,000 $41,100 $18,082 20.085% $3,632 $3,632 +6.00%
2023/24 $832,000 $49,920 $17,059 20.085% $3,426 $3,426 +4.83%
2022/23 $778,000 $46,680 $16,094 20.309% $3,269 $3,269 +7.84%
2021/22 $701,000 $42,060 $15,185 19.963% $3,031 $3,031 -5.15%
2020/21 $661,000 $39,660 $15,185 21.045% $3,196 $3,196 +0.20%
2019/20 $575,000 $34,500 $15,068 21.167% $3,189 $3,189 +7.25%
2018/19 $479,000 $28,740 $14,216 20.919% $2,974 $2,974 +8.77%
2017/18 $447,000 $26,820 $13,412 20.385% $2,734 $2,734 +8.08%
2016/17 $373,000 $22,380 $12,654 19.991% $2,530 $2,530 +2.23%
Permits

Permit information for 588 Hegeman Avenue, Brooklyn, NY

No recently recorded permits for this property.

More about New York City property records

Violations

DOB Violations

No recently recorded violations for this property.

Neighborhood

Brooklyn commercial market stats

Review a detailed real estate market overview of Brooklyn and assess current trends, property values, property types sold and transaction volumes. View the median price per square foot in Brooklyn and compare it to other New York City boroughs.

Q2 2026 median price/sq. ft.

$533

1.5% Y-o-Y

Q1 2026 median price/sq. ft.

$471

-8.9% Y-o-Y

2025 median price/sq. ft.

$523

5.2% Y-o-Y

Check out recently sold homes in Brooklyn and see how their prices compare.

Risk

Create a free account to unlock expanded risk information, such as crime incidents in the area, tsunami and landslides risks, or its location relative to FEMA flood zones and the Coastal Barriers Resources System Area (COBRA).

FEMA flood zones

Property location map
FEMA flood zones
X

Hurricane evacuation zones

Property location map
Hurricane evacuation zones
4

Subway & traffic

Closest station
Van Siclen Ave & Livonia Ave at SE Corner
Station lines
3
Distance (miles)
0.348
View subway map

Access the detailed traffic volume map for 588 Hegeman Avenue, Brooklyn, NY 11207 to see estimated average daily traffic on streets surrounding the property as well as the types of properties in its vicinity. View daily traffic map

Neighbors for 588 Hegeman Avenue, Brooklyn, NY

590 Hegeman Ave, Brooklyn 594 Hegeman Ave, Brooklyn 604 Hegeman Ave, Brooklyn 602 Hegeman Ave, Brooklyn 736 Wyona St, Brooklyn 830 New Jersey Ave, Brooklyn 731 Pennsylvania Ave, Brooklyn 739 Pennsylvania Ave, Brooklyn 753 Pennsylvania Ave, Brooklyn 608 Hegeman Ave, Brooklyn 740 Wyona St, Brooklyn 745 Pennsylvania Ave, Brooklyn 734 Wyona St, Brooklyn 735 Pennsylvania Ave, Brooklyn 749 Pennsylvania Ave, Brooklyn 832 New Jersey Ave, Brooklyn 596 Hegeman Ave, Brooklyn 826 New Jersey Ave, Brooklyn 610 Hegeman Ave, Brooklyn 741 Pennsylvania Ave, Brooklyn

Nearby ZIP codes for 588 Hegeman Avenue, Brooklyn, NY

11203, New York City, NY 11206, New York City, NY 11208, New York City, NY 11212, New York City, NY 11213, New York City, NY 11216, New York City, NY 11221, New York City, NY 11225, New York City, NY 11233, New York City, NY 11236, New York City, NY 11237, New York City, NY 11239, New York City, NY 11374, New York City, NY 11378, New York City, NY 11379, New York City, NY 11385, New York City, NY 11414, New York City, NY 11416, New York City, NY 11417, New York City, NY 11421, New York City, NY

Frequently asked questions

What is the year built for 588 Hegeman Avenue, Brooklyn, NY 11207?

The development at 588 Hegeman Avenue, Brooklyn, NY 11207 was built in 1930.

What is the market value of 588 Hegeman Avenue, Brooklyn, NY 11207?

The current market value of 588 Hegeman Avenue, Brooklyn, NY 11207 is $737,000.

What is the total square footage of 588 Hegeman Avenue, Brooklyn, NY 11207?

588 Hegeman Avenue, Brooklyn, NY 11207 has a total of 3,198 square feet.

What is the price per square foot for this property?

$100 per square foot is the price for 588 Hegeman Avenue, Brooklyn, NY 11207.

How many commercial spaces does this building have?

The number of commercial spaces in this building is 1.

Disclaimer

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