This Multifamily Property is Off-Market.

400 Front Street
Hempstead, NY 11550 ·

44 Units · Multifamily For Sale

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Hofstra Investment

Price N/A Property Use Type Investment
No. Units 44 Commission Split 2%
Building Size 37,827 SF Occupancy 100%
Property Type Multifamily Lot Size 1.01 AC
Property Sub-type Mid/High-Rise
Listing ID: 17350286 Date Created: 09/27/2011 Last Updated: 05/25/2013

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.

Research

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

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