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533 Greenwich St 12 Unit Apartment Building $7,300,000 ($608,333/Unit) Hempstead, NY 11550



Executive Summary
Built in 2024, this 12-unit apartment building w/elevator offers investors a true turnkey opportunity. The property includes three spacious 3-bedroom/2-bath apartments and nine 2-bedroom/1-bath apartments, all designed with modern layouts, in-unit laundry, granite countertops, stainless steel appliances, energy-efficient heating and cooling systems, and smart entry features. With 19 gated parking spaces, the building provides convenience for tenants and helps support strong rental demand. Building is fully occupied with market-rate rents. Because it is brand new construction, an investor can expect minimal repairs or major capital expenses, allowing for predictable income and easier management. This is a solid opportunity for anyone looking to generate steady rental cash flow while owning a high quality asset positioned for long-term value growth.
Property Facts
| Price | $7,300,000 | Apartment Style | Low-Rise |
| Price Per Unit | $608,333 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.27 AC |
| No. Units | 12 | Building Size | 16,500 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2024 |
| Price | $7,300,000 |
| Price Per Unit | $608,333 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 16,500 SF |
| No. Stories | 3 |
| Year Built | 2024 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | - | - |
| 3+2 | 3 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2013-36-106-00-0770-0 | Improvements Assessment | $7,759 |
| Land Assessment | $2,770 | Total Assessment | $10,529 |
Property Taxes
Parcel Number
2013-36-106-00-0770-0
Land Assessment
$2,770
Improvements Assessment
$7,759
Total Assessment
$10,529
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533 Greenwich St
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