148 Greenwich St - Apartments FOR SALE


Hempstead, NY 11550
$12,950,000 USD
631-425-1233
148 Greenwich St, Hempstead, NY for Sale
$12,950,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

148 Greenwich St
Hempstead, NY 11550


HIGHLIGHTS

  • 39 Free-Market Units | No Rent-Stabilization Exposure
  • Fully Occupied Five-Story Elevator Property
  • 57 Gated Parking Spaces and Private Balconies
  • Below-Market Rents with Assumable Financing

OVERVIEW

Cushman & Wakefield has been exclusively retained to arrange the sale of The Devon on Greenwich, a fully occupied, five-story elevator multifamily offering in Nassau County. The offering comprises 39 free-market residences and features large studio, one- and two-bedroom layouts, private balconies, individual gas and electric metering, 57 gated parking spaces and a ±10,800-square-foot basement. In-place rents remain below market, providing a compelling mark-to-market opportunity with no rent-stabilization exposure. Assumable financing is available.

FOR SALE DETAILS

PRICE

$12,950,000 USD

PRICE/SF

$259 USD /SF

# OF UNITS

39

PRICE/UNIT

$332,051

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Devon on Greenwich

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

2006

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

Residential

APN/PARCEL ID

2013-34-357-00-0119-UCA025700101

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1233

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.