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    Hempstead, NY Apartment Buildings for Sale

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    Garden City, NY Franklin Square, NY Roosevelt, NY
    Income-Generating Mixed-Use Property
    Updated: Sep 11, 2025
    Income-Generating Mixed-Use Property

    171 S Franklin Street, Hempstead, NY 11550

    $925,000
    0.07 AC lot
    Excellent 7.5% Cap Rate with Upside at $975,000 Asking Price
    Income‑Generating Property featuring a Double Storefront and Two Apartments
    Strong Rental Income: $3,952 (deli/grocery), $2,060 (2‑bed), $2,700 (3‑bed)
    New Roof with Warranty and Upgraded 200‑amp Electric
    Prime Corner Location across from New Developments and Near Transportation
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    New Construction Apartment Building
    Updated: Apr 15
    New Construction Apartment Building

    533 Greenwich St, Hempstead, NY 11550

    $7,300,000
    New construction (built in 2021) minimizes repairs.
    Turnkey 12‑unit apartment building with elevator.
    Fully occupied with market‑rate rents, providing steady cash flow.
    Attractive mix of spacious 3‑bedroom/2‑bath and 2‑bedroom/1‑bath apartments.
    Modern layouts with in‑unit laundry, granite countertops, and stainless steel appliances.
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    Renovated Hempstead Apartment Building
    Renovated Hempstead Apartment Building

    54 Greenwich St, Hempstead, NY 11550

    Contact for pricing

    Fully occupied apartment building with recent renovations and upgrades.

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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 3 Active listings in Hempstead, NY, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Approved Condo Project in Lynbrook
    Approved Condo Project in Lynbrook

    33 Park Place, Lynbrook, NY 11563

    $1,250,000
    0.43 AC lot

    Approved 6-unit condo project with foundation in place in Lynbrook.

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    Approved Condo Project with Foundation
    Approved Condo Project with Foundation

    33 Park Pl, Lynbrook, NY 11563

    $1,250,000
    0.43 AC lot

    Approved six-unit condo project with foundation in place.

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    Spacious Freeport Co-op Apartment
    Spacious Freeport Co-op Apartment

    194 Smith St 3P, Freeport, NY 11520

    $235,000
    1.35 AC lot

    Bright one-bedroom co-op with updated features and amenities.

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    Spacious One Bedroom Apartment
    Spacious One Bedroom Apartment

    100 S Ocean Ave 3m, Freeport, NY 11520

    $198,000
    1.16 AC lot

    One-bedroom apartment in quiet building near transportation and amenities.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Brooklyn Two-Family Home with Development Potential
    Brooklyn Two-Family Home with Development Potential

    69 Martense Street, Brooklyn, NY 11226

    $1,888,888
    2,660 sqft · 0.10 AC lot

    Two-family home on a large lot with significant development potential.

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    Central Business Zoned Development Land
    Central Business Zoned Development Land

    107 HOWARD Street, La Plata, MD 20646

    $250,000
    0.23 AC lot

    Central Business zoned parcel with plans for a three-story mixed-use building and 15 parking spaces.

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    Land Near Shepherd University
    Land Near Shepherd University

    8285 MARTINSBURG Pike, Shepherdstown, WV 25443

    $650,000
    3.70 AC lot

    Prime land near Shepherd University with development potential.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

    View details

    Off-Market Properties in Hempstead, NY

    Consider similar Off-Market properties in Hempstead, NY. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    100 Ter Ave
    APARTMENT HOUSE (5+ UNITS)

    100 Ter Ave, Hempstead, NY 11550-2314

    Value Estimation by Request
    114,791 sqft · 3.99 AC lot
    View details
    16 Burr Ave
    APARTMENT HOUSE (5+ UNITS)

    16 Burr Ave, Hempstead, NY 11550-2540

    $845,000
    Estimated value
    1,470 sqft · 0.14 AC lot
    View details
    40-44 Orch St
    APARTMENT HOUSE (5+ UNITS)

    40-44 Orch St, Hempstead, NY 11550

    $1,355,000
    Estimated value
    1,200 sqft · 0.27 AC lot
    View details
    227 Chestnut St
    APARTMENT HOUSE (5+ UNITS)

    227 Chestnut St, West Hempstead, NY 11552-2416

    $3,570,000
    Estimated value
    11,098 sqft · 0.82 AC lot
    View details
    107 James L L Burrell Ave
    HIGH-RISE APARTMENTS

    107 James L L Burrell Ave, Hempstead, NY 11550-1845

    $4,000,000
    Estimated value
    9,644 sqft · 0.74 AC lot
    View details
    91 Franklin St
    APARTMENT HOUSE (5+ UNITS)

    91 Franklin St, Hempstead, NY 11550-5695

    $2,005,000
    Estimated value
    2,496 sqft · 0.08 AC lot
    View details
    35 Covert St
    APARTMENT HOUSE (5+ UNITS)

    35 Covert St, Hempstead, NY 11550-4809

    $2,210,000
    Estimated value
    2,940 sqft · 0.10 AC lot
    View details
    108 Grv St
    APARTMENT HOUSE (5+ UNITS)

    108 Grv St, Hempstead, NY 11550-5698

    $1,740,000
    Estimated value
    2,400 sqft · 0.45 AC lot
    View details
    590 Fulton Ave
    HIGH-RISE APARTMENTS

    590 Fulton Ave, Hempstead, NY 11550-4352

    $2,545,000
    Estimated value
    13,416 sqft · 1.46 AC lot
    View details
    600 Fulton Ave
    HIGH-RISE APARTMENTS

    600 Fulton Ave, Hempstead, NY 11550-4353

    $4,635,000
    Estimated value
    22,799 sqft · 2.30 AC lot
    View details
    Martin Luther King Dr
    APARTMENT HOUSE (5+ UNITS)

    Martin Luther King Dr, Hempstead, NY 11550

    Value Estimation by Request
    3,106 sqft · 3.90 AC lot
    View details
    Martin Luther King Dr
    APARTMENT HOUSE (5+ UNITS)

    Martin Luther King Dr, Hempstead, NY 11550

    Value Estimation by Request
    2,798 sqft · 0.81 AC lot
    View details
    Martin Luther King Dr
    APARTMENT HOUSE (5+ UNITS)

    Martin Luther King Dr, Hempstead, NY 11550

    Value Estimation by Request
    351 sqft · 0.38 AC lot
    View details
    299 Franklin St
    APARTMENT HOUSE (5+ UNITS)

    299 Franklin St, Hempstead, NY 11550-6849

    Value Estimation by Request
    3,106 sqft · 6.68 AC lot
    View details
    160 Hilton Ave
    APARTMENT HOUSE (5+ UNITS)

    160 Hilton Ave, Hempstead, NY 11550-8107

    $8,625,000
    Estimated value
    15,764 sqft · 1.07 AC lot
    View details
    17 Maple Ave
    APARTMENT HOUSE (5+ UNITS)

    17 Maple Ave, Hempstead, NY 11550-5512

    $765,000
    Estimated value
    1,980 sqft · 0.11 AC lot
    View details
    191 Woodfield Rd
    APARTMENT HOUSE (5+ UNITS)

    191 Woodfield Rd, West Hempstead, NY 11552-2541

    $2,525,000
    Estimated value
    6,336 sqft · 0.89 AC lot
    View details
    680 Evelyn Ave
    APARTMENT HOUSE (5+ UNITS)

    680 Evelyn Ave, East Meadow, NY 11554-5467

    $1,585,000
    Estimated value
    1,800 sqft · 0.50 AC lot
    View details
    67 Ter Ave
    HIGH-RISE APARTMENTS

    67 Ter Ave, Hempstead, NY 11550-2313

    $2,175,000
    Estimated value
    15,825 sqft · 1.39 AC lot
    View details
    51 Bell St
    APARTMENT HOUSE (5+ UNITS)

    51 Bell St, Hempstead, NY 11550-3635

    $3,270,000
    Estimated value
    5,054 sqft · 0.23 AC lot
    View details
    255 Fulton Ave, Unit B
    APARTMENT HOUSE (5+ UNITS)

    255 Fulton Ave, Hempstead, NY 11550-3945

    Unit B
    $3,115,000
    Estimated value
    7,740 sqft · 0.24 AC lot
    View details

    Hempstead, NY Apartment Buildings Market Trends and Statistics

    Explore 72 apartment buildings for sale in Hempstead, NY, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $8,225,000.

    Sale prices for two-family homes in Hempstead, NY start at $0.00, averaging $2,741,666, and reaching up to $7,300,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 63K
    Population Growth (5Y) +5.2%
    Median Household Income $86,904
    College Educated 35.0%

    High-Yield Neighborhoods for Investment

    Identify Hempstead submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    11550 $4.1M

    Taxes & Financing

    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Nassau County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Hempstead fall within the 25,000 to 50,000 square foot range.

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