About 352 Hempstead Avenue
Calling All Investors, Developers & End-Users!!! 7.97 Cap 100% Occupied 4 Unit Corner Mixed-Use Building + Garage In West Hempstead For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10' Ceilings, Strong Zoning, Full Basement, All New LED Lighting, 200 Amp, Power, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead Just Blocks From The West Hempstead & Hempstead Gardens LIRR Stations!!! Neighbors Include USPS, Honda, The Home Depot, Stop & Shop, Target, CubeSmart Self Storage, T-Mobile, Dunkin', 7-Eleven, CVS, Walgreens, Tropical Smoothie Cafe, New York Equestrian Center, T.J. Maxx, Dollar Tree, Jiffy Lube, White Castle, KFC, +++!!! The Building Has 20+ Feet Of Frontage On Busy Hempstead Ave.!!! The Property Has A $440,000 Assumable Mortgage With A 3% Fixed Interest Rate!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Tattoo Parlor + Full LL: $48,000 Ann. Can Be Delivered Vacant If Need Be. 2 Br. Apt.: $28,000 Ann. M-M. 1 Br. Apt.: $27,600 Ann. Lease Exp.: 12/1/24. Studio: $19,200 Ann. Garage: $6,000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $2,360 Ann. Water: $800 Ann. Taxes: $25,768.22 Ann. Total Expenses: $29,178.22 Ann. Current Gross Income: $128,800 Ann. Net Operating Income (NOI): $99,621.78 Ann. (7.97 Cap!!!)
Features of 352 Hempstead Avenue
| MLS® # | 3548164 |
|---|---|
| Price | $1,250,000 |
| Bathrooms | 0.00 |
| Acres | 0.05 |
| Year Built | 1925 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 352 Hempstead Avenue |
|---|---|
| City | West Hempstead |
| County | Nassau |
| State | NY |
| Zip Code | 11552 |
Additional Information
Listing Details
| Office | All Island Estates Realty Corp |
|---|---|
| Office Contact | 516-783-5600 |