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Hempstead Multifamily Portfolio 5 Properties in Hempstead, NY
Investment Highlights
- Available as a Portfolio or Individual Assets
- All within close proximity to one another and the Hempstead Long Island Rail Road station
- 371 Units Across Five Hempstead Assets
- Each asset features masonry construction, garden, midrise, or lowrise design, and a combined GBA +/-345,000 square feet across 6.0 acres of land.
Executive Summary
Marcus & Millichap is pleased to present for sale a five-property multifamily portfolio totaling 371 rent-stabilized apartments located in the Village of Hempstead, Nassau County, New York. The portfolio offers investors a rare opportunity to acquire a critical mass of stabilized assets in one of Long Island’s most dynamic rental markets, positioned for long-term growth through ongoing revitalization and strong demographic fundamentals.
The portfolio’s mix of garden, low-rise, and mid-rise buildings offers operational efficiency and diversification across unit types and locations, all within minutes of the Hempstead LIRR station and the area’s primary retail corridors. Limited new multifamily development, combined with strong demographic fundamentals and sustained renter demand, positions the portfolio for durable long-term performance and steady income growth.
The portfolio’s mix of garden, low-rise, and mid-rise buildings offers operational efficiency and diversification across unit types and locations, all within minutes of the Hempstead LIRR station and the area’s primary retail corridors. Limited new multifamily development, combined with strong demographic fundamentals and sustained renter demand, positions the portfolio for durable long-term performance and steady income growth.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 328,441 SF |
| Number of Properties | 5 | Total Land Area | 5.95 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 5 |
| Individually For Sale | 0 |
| Total Building Size | 328,441 SF |
| Total Land Area | 5.95 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 54 Greenwich St, Hempstead, NY 11550 | Health Care | 47,859 SF | 1936 | - |
| 100 Jerusalem Ave, Hempstead, NY 11550 | Multifamily | 100,865 SF | 1975 | - |
| 380 Front St, Hempstead, NY 11550 | Multifamily | 87,840 SF | 1972 | - |
| 10 Washington St, Hempstead, NY 11550 | Multifamily | 65,954 SF | 1938 | - |
|
Hilbrae House
651 Front St, Hempstead, NY 11550 |
Multifamily | 25,923 SF | 1967 | - |
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