Historical Multifamily Sale Listing - Hofstra Investment

Multifamily For Sale

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Hofstra Investment

400 Front Street, Hempstead, NY 11550

N/A

44 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
44
Building Size:
37,827 SF
Property Type:
Multifamily
Property Sub-type:
Mid/High-Rise
Property Use Type:
Investment
Commission Split:
2%
Occupancy:
100%
Lot Size:
1.01 AC
Listing ID
17350286
Last Updated
over 1 year ago

Description

Brick Apartment Building, Prime Conversion Property 7+ cap Fully tenanted with some tenants for over 20 years.
Location: South-west corner of Front Street and William Street. Hempstead, NY
Lot Size: 1.01 acres
Building: 37,827 sq. ft.
Description: 3 Story Brick elevator Building with 44 apartments and 47 parking spaces.
Layout : 4 Two Bedrooms; 30 one Bedroom; and 10 Studios
ACTUAL RENT LEGAL RENT ALLOWED
Income : 44 Apartments: $ 632,532.00 $ 1,011,547.60
Laundry $ 5,400.00 $ 5,400.00
_____________ ___________________
$ 637,932.00 $ 1,016,947.60
Net Profit v $ 273,409.00 $ 652,424.60
Asking $ 4,495,000

Mint condition apartment complex in attractive residential neighborhood. Walking distance to Hostra University close to two main shopping malls, Village Common and the Hub. New laundry room 2000 lb. Otis elevator and new roof.

Map of 400 Front Street, Hempstead, NY 11550 (Nassau County)

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Created 9/27/2011