deal image
565 Fulton AveHempstead, NY 11550
565 Fulton Avenue
Asset ClassMultifamily
# Units: 62Square Feet: 69,176Cap Rate: 8.3%Access Data Room
1949 Construction | Steps from Hofstra University
overview of deal

Overview

Built in 1949, 565 Fulton Avenue is a 4-story apartment building that has 69,176 SF and includes 62 apartments. Hempstead is home to the main campus of Hofstra University, which touts an array of educational opportunities and cultural amenities. Brimming with peaceful neighborhoods comprised of charming apartments and houses available for rent along tree-lined avenues, the Property is close to lush green spaces, such as Hempstead Lake State Park and Eisenhower Park, with easy access to New York City through major roadways and the Long Island Rail Road.

 

Asking Price: $9,300,000 | 8.3% Cap Rate

Investment Highlights

  • 4 Story Walkup Apartment Building | 69,176 GSF
  • 62 Units | Monthly Average Rents: $1,630/Unit
  • Convenient Transit Access – Hempstead LIRR to Penn Station ~ 48 minutes
  • Nearby: Hofstra, Hempstead LIRR + Transit Center, Nassau Community College
  • Long Term Ownership since 1999
565 Fulton AveHempstead, NY 11550
Hofstra University

Inquire

Listing provided by LightBox Revere