Overview
Calling All Investors, Developers & End-Users!!! 7.97 Cap 100% Occupied 4 Unit Corner Mixed-Use Building + Garage In West Hempstead For Sale!!! The Building Features Excellent Signage, Great Exposure, 6 Parking Spaces, High 10’ Ceilings, Strong Zoning, Full Basement, All New LED Lighting, 200 Amp, Power, A/C, +++!!! The Property Is Located In The Heart Of West Hempstead Just Blocks From The West Hempstead & Hempstead Gardens LIRR Stations!!! Neighbors Include USPS, Honda, The Home Depot, Stop & Shop, Target, CubeSmart Self Storage, T-Mobile, Dunkin’, 7-Eleven, CVS, Walgreens, Tropical Smoothie Cafe, New York Equestrian Center, T.J. Maxx, Dollar Tree, Jiffy Lube, White Castle, KFC, +++!!! The Building Has 20+ Feet Of Frontage On Busy Hempstead Ave.!!! The Property Has A $440, 000 Assumable Mortgage With A 3% Fixed Interest Rate!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Tattoo Parlor + Full LL: $48, 000 Ann. Can Be Delivered Vacant If Need Be. 2 Br. Apt.: $28, 000 Ann. M-M. 1 Br. Apt.: $27, 600 Ann. Lease Exp.: 12/1/24. Studio: $19, 200 Ann. Garage: $6, 000 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. (Common Area Only) Maintenance & Repairs: $250 Ann. Insurance: $2, 360 Ann. Water: $800 Ann. Taxes: $25, 768.22 Ann. Total Expenses: $29, 178.22 Ann. Current Gross Income: $128, 800 Ann. Net Operating Income (NOI): $99, 621.78 Ann. (7.97 Cap!!!)