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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
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 - -
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
2013-36-106-00-0770-0
Land Assessment
$2,770
Improvements Assessment
$7,759
Total Assessment
$10,529
  • Listing ID: 40055830

  • Date on Market: 4/7/2026

  • Last Updated:

  • Address: 533 Greenwich St, Hempstead, NY 11550

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