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15-Unit Multifamily Property
For Sale
Contact for pricing
Pending

178 S Franklin Street, South Hempstead, NY 11550

This 15-unit multifamily building offers residential income potential for investors and buyers.

Days on Market112

Property Features for 178 S Franklin Street

General Information

Standard status Pending
Property subtype Multifamily

Additional Details

Multifamily Units 15
Listing Agency: ERG Commercial Real Estate
Listed By: Anthony Yacovone · License #NY 10401318843
Source: Crexi
Added: Apr 10 Changed: Jul 21 Last Checked: Jul 28 at 3:44PM

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 ERG Commercial Real Estate

Investment Insights

Based on property information with market context.

The property is a multifamily residential building with 15 units, marketed for sale. It is listed as a residential income asset.

The offering is located at 178 S Franklin Street in South Hempstead, New York 11550.

The current public remarks describe the asset as a multifamily property with 15 units.

Key Highlights

  • 15‑unit multifamily building
  • $206,667 per unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center (Bike/Boat/Book/etc) Store Acupuncture Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15
Residential units

Location Intelligence

Trade Area within ½ mile

2,066
Businesses Nearby

Demographics for 11550, NY

61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Apartment building - This 15-unit multifamily building offers residential income potential for investors and buyers.
Where is this apartment building located?
The property is located at 178 S Franklin Street South Hempstead, NY.
What are key features of this property?
This property features: 15‑unit multifamily building; $206,667 per unit
More about this property
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