40 W Old Country Rd - Apartments FOR SALE


Hicksville, NY 11801
$800,000 USD
631-425-1233
40 W Old Country Rd, Hicksville, NY for Sale
$800,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

40 W Old Country Rd
Hicksville, NY 11801


HIGHLIGHTS

  • Three-unit residential configuration
  • Oversized site with substantial parking
  • Value-add residential opportunity
  • Central Hicksville location & future optionality

OVERVIEW

As exclusive agent, Cushman & Wakefield is pleased to offer for sale 40 West Old Country Road, a residential value-add opportunity located along the West Old Country Road corridor in Hicksville, New York. The sale is being conducted by a court-appointed receiver. The Property consists of approximately 2,150 square feet above grade across a two-story residential building, together with approximately 1,075 square feet of below-grade space, situated on an oversized ±0.37- acre site with substantial on-site parking. The Property is configured with three one-bedroom residences totaling approximately 2,150 square feet. The combination of a relatively low building footprint, significant land area, residential configuration and central Hicksville location provides investors with flexibility for renovation, continued residential use and longer-term repositioning, subject to purchaser verification, existing occupancy and applicable municipal approvals.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$372 USD /SF

# OF UNITS

3

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

-

APN/PARCEL ID

2489-11-286-00-0814-0

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.