533 Greenwich St - Apartments FOR SALE


Hempstead, NY 11550
$7,300,000 USD
631-858-2460
533 Greenwich St, Hempstead, NY for Sale
$7,300,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

533 Greenwich St
Hempstead, NY 11550


OVERVIEW

Built in 2024, this 12-unit apartment building w/elevator offers investors a true turnkey opportunity. The property includes three spacious 3-bedroom/2-bath apartments and nine 2-bedroom/1-bath apartments, all designed with modern layouts, in-unit laundry, granite countertops, stainless steel appliances, energy-efficient heating and cooling systems, and smart entry features. With 19 gated parking spaces, the building provides convenience for tenants and helps support strong rental demand. Building is fully occupied with market-rate rents. Because it is brand new construction, an investor can expect minimal repairs or major capital expenses, allowing for predictable income and easier management. This is a solid opportunity for anyone looking to generate steady rental cash flow while owning a high quality asset positioned for long-term value growth.

FOR SALE DETAILS

PRICE

$7,300,000 USD

PRICE/SF

$442 USD /SF

# OF UNITS

12

PRICE/UNIT

$608,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2024

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,580 SF

ZONING

-

APN/PARCEL ID

2013-36-106-00-0770-0

ASK ABOUT THIS PROPERTY

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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