400 Front Street
Hempstead, NY 11550 ·
44 Units · Multifamily For Sale
|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|
|Listing ID: 17350286||Date Created: 09/27/2011||Last Updated: 05/25/2013|
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.
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