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50 Laurel Ave 6 Unit Apartment Building $1,480,000 ($246,667/Unit) 9.56% Cap Rate Hempstead, NY 11550
INVESTMENT HIGHLIGHTS
- Dense Population no vacancies, easy to rent, Charter School opening directly across the street
EXECUTIVE SUMMARY
Legal 6 Family. BELOW MARKET RENTS.
Fully Rented, all tenants paying. Huge Parking lot can be used for extra income.
Brand new Charter School opening across the street.
Highly Populated area - very easily rentable. 8 Parking spots can fetch $150 per month easily. Just need Lot paved.
50 Laurel
1 $2144.00 2 bedroom - can be $2800 w/ section 8
2 $2862.00 2 bedroom
3 $27578.00 2 bedroom
4 $1850 2 bedroom - CASH - can be $2785 with section 8
Back house
5 $2150.00 2 bedroom CASH - can be $2875 w/ section 8
6 $ 3150.00 4 bedroom CASH - can be $4100 w/ section 8
Fully Rented, all tenants paying. Huge Parking lot can be used for extra income.
Brand new Charter School opening across the street.
Highly Populated area - very easily rentable. 8 Parking spots can fetch $150 per month easily. Just need Lot paved.
50 Laurel
1 $2144.00 2 bedroom - can be $2800 w/ section 8
2 $2862.00 2 bedroom
3 $27578.00 2 bedroom
4 $1850 2 bedroom - CASH - can be $2785 with section 8
Back house
5 $2150.00 2 bedroom CASH - can be $2875 w/ section 8
6 $ 3150.00 4 bedroom CASH - can be $4100 w/ section 8
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$180,000
|
$30.71
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$180,000
|
$30.71
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$38,000
|
$6.48
|
| Net Operating Income |
$142,000
|
$24.22
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $30.71 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $180,000 |
| Annual Per SF | $30.71 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $38,000 |
| Annual Per SF | $6.48 |
| Net Operating Income | |
|---|---|
| Annual | $142,000 |
| Annual Per SF | $24.22 |
PROPERTY FACTS
| Price | $1,480,000 | Apartment Style | Low-Rise |
| Price Per Unit | $246,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 9.56% | Building Size | 5,862 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1926 |
| Zoning | R2 - Low density residential district | ||
| Price | $1,480,000 |
| Price Per Unit | $246,667 |
| Sale Type | Investment |
| Cap Rate | 9.56% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,862 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1926 |
| Zoning | R2 - Low density residential district |
1 1
Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | 2013-34-286-00-0143-0 | Improvements Assessment | $2,704 |
| Land Assessment | $1,428 | Total Assessment | $4,132 |
PROPERTY TAXES
Parcel Number
2013-34-286-00-0143-0
Land Assessment
$1,428
Improvements Assessment
$2,704
Total Assessment
$4,132
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50 Laurel Ave
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