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 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

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