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Sheneur Menaker

shane@hudsonmodern.co +1(305) 904-7536

$ 680,000

Est. payment -/mo

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Active

64 Stewart AVE Hempstead, NY 11550

4 Beds

2 Baths

2,613 Sqft Lot

UPDATED:

08/26/2024 02:10 AM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3568055

Style Two Story

Bedrooms 4

Full Baths 2

Originating Board onekey

Rental Info No

Year Built 1912

Annual Tax Amount $14,453

Lot Size 2,613 Sqft

Acres 0.06

Lot Dimensions 25x100

Property Description

5.78 Cap 2 Family Investment property 100% occupied with Section 8 Tenants under the NYS HCR EHV Program. 1st floor tenants have just renewed 1 year lease in May and 2nd floor tenant renewed a 1 year lease in December. Currently the second floor unit is rented for $2700.00 monthly and the first floor unit is rented for $2,400.00 monthly. The annual gross income is $61,200.00 after expenses the NOI is $40,464.47 representing a 5.78 Cap Rate. The 2nd floor tenant pays 100% of their utilities and 1st floor tenant pays their own electric and Landlord pays on average $250.00 monthly for 1st floor tenants gas. 64 Stewart Avenue is a perfect opportunity for an investor to acquire an income-producing asset.

Location

State NY

County Nassau

Rooms

Basement Unfinished

Kitchen 2

Interior

Heating Natural Gas, Hot Water

Cooling None

Fireplace No

Appliance Oven, Refrigerator

Exterior

Garage Private, Driveway

Parking Type Private, Driveway

Garage false

Building

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Frame,Aluminum Siding

New Construction No

Schools

Elementary Schools Jackson Annex School

Middle Schools Alverta B Gray Schultz Middle Sch

High Schools Hempstead High School

School District Hempstead

Others

Senior Community No

Special Listing Condition None

Listed by Keystone Realty USA Corp • 631-261-2800

AFFORDABILITY CALCULATOR

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

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Zev Eisenberg

Founder, Agent

+1(845) 622-5660

Sheneur Menaker

Sheneur Menaker

64 Stewart AVE Hempstead, NY 11550

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

AFFORDABILITY CALCULATOR

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64 Stewart AVE