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Approved Plans 8 family Hempstead 178 S Franklin St 8 Unit Apartment Building $1,200,000 ($150,000/Unit) 20% Cap Rate Hempstead, NY 11550
Investment Highlights
- HUGE INCOME, Brand new construction.
Executive Summary
I own a legal 5 family on this property but we had a fire. So now after 2 years, we finally got approval on a 8 family :-)
Demo already completed. Electric and water is all there ready to go!
Rent Roll should be about or over $288,000.00 per year, plus parking and laundry $$$.
I'm retiring and moving to florida. If you know how to build, this is a home run.
Demo already completed. Electric and water is all there ready to go!
Rent Roll should be about or over $288,000.00 per year, plus parking and laundry $$$.
I'm retiring and moving to florida. If you know how to build, this is a home run.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
1 1
Walk Score®
Very Walkable (82)
Property Taxes
| Parcel Number | 2013-34-360-00-0718-0 | Improvements Assessment | $276 |
| Land Assessment | $132 | Total Assessment | $408 |
Property Taxes
Parcel Number
2013-34-360-00-0718-0
Land Assessment
$132
Improvements Assessment
$276
Total Assessment
$408
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Approved Plans 8 family Hempstead | 178 S Franklin St
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