352 Hempstead Avenue, West Hempstead, NY, 11552
$1,450,000
Multi Family
For Sale
3 Beds
, 4 Full Bath
Details
ML#: 913569
- # of Families: 4
- Year Built: 1925
- Taxes: $26,986
- Status:Active
Description
Exceptional investment opportunity in the Heart of West Hempstead! Features a 4-Unit Mixed-Use Corner Building with a detached 2 Car Garage. The property features 20+ feet of frontage on high-traffic Hempstead Avenue, excellent signage and exposure. Equipped with 3-phase industrial electrical service (300 amps). 1st Floor Offers Store-Tattoo parlor with full basement $3, 000 month ($36, 000/year – can be delivered vacant) and Studio apartment $1, 500 month ($18, 000/year), 2nd Floor Units Offer a 2-bedroom apartment $2, 400 month ($28, 800/year), a 1-bedroom apartment $2, 300 month ($27, 600/year), and detached 2 car garage rental $500 month ($6, 000/year). Zoned for flexibility, it’s perfect for investors, developers, or end-users seeking a value-add opportunity or future redevelopment site. Gross annual rental income $116, 400 and annual expenses $31, 036.25. Located just blocks from the West Hempstead and Hempstead Gardens LIRR stations and surrounded by national retailers. This property offers unmatched visibility, steady cash flow, and tremendous upside. Don’t miss the chance to own a high-yield asset in one of Nassau County’s most desirable corridors.
More Property Details
Bedroom: 3
Full Bath: 4
Lot Size: 0.0514
Lot Sq Ft: 2240
Garage: Yes
Garage: 2.0
Parking Spaces: Yes
Parking Facilities: Garage
Heat: Steam, Other
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $26,986
Maintenance: $250
School District: West Hempstead
Listing Information provided courtesy of
Keller Williams Landmark II
347-846-1200