14-Unit Free Market Multifamily Building

298, Main Street, Garden City, Hempstead, Nassau County, New York, 11550, United States
$3,200,000

Description

ERG Commercial Real Estate has been retained on an exclusive basis to arrange for the sale of 298 Main Street Hempstead, NY 11550.

298 Main Street is a free market multifamily building. This is a four story building totaling 7,777 square feet and consisting of 14 apartments.

The apartment consist of (4) Studios, (8) 1 Bedroom apartments, and (2) 2 Bedroom apartments. All apartments, with the exception of one, are currently occupied. Each unit has its own heat units, water units, and is separately metered for gas and electric.

This prime location grants easy access to the Hempstead LIRR Station and several MTA bus stops. Proximitate to multi-modal transit, colleges and universities, entertainment, and shopping.

298 Main Street is located near a 211,000 square foot development site with plans for 166 units, a pool and several amenities. A few blocks away from downtown Garden City and Village of Hempstead

Property Documents

Detail

  • Price: $3,200,000
  • Building Size: 7777 SF
  • Lot Size: 4500 SF
  • Property Type: Multi-Family
  • Property Status: For Sale
  • Property Tax Amount: 55000
  • Block: 186
  • Lot: 186
  • Zoning: Bus B
  • Property Stories: 4
  • Residential Units: 14
  • Annual Income: $273,228
  • Total Expenses: $71,250
  • NOI: $201,978
  • City: Nassau
  • State/County: New York
  • Neighborhood: Hempstead
  • Country: United States

Similar Properties

$1,050,000

SOLD: 6 Unit Multifamily

42 04 78 street queens
SF: 3054

Multi-Family

ERG Commercial Real Estate

4 years ago

$1,050,000
SF: 3054

Multi-Family

ERG Commercial Real Estate

4 years ago

$5,999,999

Newly Constructed 15 Unit Building

40-47, 97th Street, East Elmhurst, Queens, New York, 11368, United States
SF: 21929

Multi-Family

Ryan Lewis

4 years ago

$5,999,999
SF: 21929

Multi-Family

Ryan Lewis

4 years ago


PREVIOUS PROPERTY

Newly Constructed 15 Unit Building

NEXT PROPERTY

SOLD: Mixed-Use Investment Property

Individual Listings Disclaimer

All information furnished here is deemed reliable, however it is submitted subject to errors, omissions, change of terms and conditions, prior sale or withdrawal without notice. We do not represent or guarantee the accuracy of any information contained herein and we are not liable for any reliance there on. Thus any prospective purchaser should independently verify all items deemed relevance to its due diligence enquiry with respect to the property, notwithstanding that the sender believes information be true and/or reasonable.