178 S Franklin St - Apartments FOR SALE


Hempstead, NY 11550
$1,200,000 USD
516-761-7598
178 S Franklin St, Hempstead, NY for Sale
$1,200,000 USD
Apartments - FOR SALE
1/1
null | 20% Cap Rate

178 S Franklin St
Hempstead, NY 11550


HIGHLIGHTS

  • HUGE INCOME, Brand new construction.

OVERVIEW

I own a legal 5 family on this property but we had a fire. So now after 2 years, we finally got approval on a 8 family :-) Demo already completed. Electric and water is all there ready to go! Rent Roll should be about or over $288,000.00 per year, plus parking and laundry $$$. I'm retiring and moving to florida. If you know how to build, this is a home run.

FOR SALE DETAILS

PRICE

$1,200,000 USD

PRICE/SF

$505 USD /SF

# OF UNITS

8

PRICE/UNIT

$150,000

CAP RATE

20%

% LEASED

-

STATUS

Under Construction

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Approved Plans 8 family Hempstead

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2027

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

2013-34-360-00-0718-0

ASK ABOUT THIS PROPERTY

Jerry AharonyMallcomMore Info
516-761-7598

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Jerry AharonyMallcomMore Info
516-761-7598

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