This income generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above a two bedroom and a three ...
| Website: | https://www.nestseekers.com/4923223 |
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| Address: | Hempstead, NY 11550 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Lot Size: | 0.1 Acres |
Financials
Description
This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above—a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it’s in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sell—don’t miss out!
Amenities
- Cable Connected
- Electricity Connected
- Natural Gas Connected
- Phone Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
6243 Northern Blvd | |
| Listing Courtesy of Keller Williams Realty Greater | |