Multifamily Development Opportunity with Approved
40 Hempstead Gardens Drive West Hempstead, NY 11552
40 Hempstead Gardens Drive, West Hempstead, NY, 11552
$4,000,000
For Sale
$4,000,000
Approved plans for 54 units plus superintendent unit; property is zoned URDC and sold as-is.
Property Size87,861 SF
Lot Size2.01 Acres
Price / SF$45.53
Days on Market1571
Property Features for 40 Hempstead Gardens Drive
General Information
- Standard status
- Active
- Size
- 87,861 SF
- Lot size
- 2.01 Acres
- Property subtype
- Multi Family
Building Details
- Year Built
- 1958
Listing agency
Douglas Elliman Real Estate
(516) 354-6500
Listed by
Joseph Albano · License #30AL0910178
(516) 354-6500
Source
Compass
Added: Apr 4, 2022 Updated: Jul 21 at 8:05AM Checked: Jul 21 at 8:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Douglas Elliman Real Estate
Investment Insights
Based on property information with market context.
This for-sale multifamily property includes approved plans for a 54-unit residential project plus 1 superintendent unit. The site totals approximately 2.01 acres and is listed at approximately 87,861 square feet. The property is being sold as-is, and buyers are responsible for their own due diligence prior to submitting an offer.
The property is zoned URDC (Urban Renewal Residence C District). Offers must be submitted with proof of funds and are subject to Court Receiver and Court approval. The property is located at 40 Hempstead Gardens Drive, West Hempstead, NY 11552.
The property is zoned URDC (Urban Renewal Residence C District). Offers must be submitted with proof of funds and are subject to Court Receiver and Court approval. The property is located at 40 Hempstead Gardens Drive, West Hempstead, NY 11552.
Key Highlights
- Approved plans for 54 units plus 1 superintendent unit
- 87,861 SF property on a 2.01‑acre lot (corner lot)
- Zoned URDC (Urban Renewal Residence C District)
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FAQs
What type of property is this?
Apartment building - Approved plans for 54 units plus superintendent unit; property is zoned URDC and sold as-is.
Where is this apartment building located?
The property is located at 40 Hempstead Gardens Drive West Hempstead, NY.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Approved plans for 54 units plus 1 superintendent unit; 87,861 SF property on a 2.01‑acre lot (corner lot); Zoned URDC (Urban Renewal Residence C District)
