Renovated 13-Unit Apartment
For Sale
Contact for pricing
Pending
108 Grove St, Hempstead, NY 11550
Renovated 13-unit apartment building with separate meters, updated electric, a large yard, and private parking lot.
Lot Size0.45 Acres
Days on Market112
Property Features for 108 Grove St
General Information
Standard status
Pending
Lot size
0.45 Acres
Property subtype
Retail, Mixed Use
Additional Details
Cap Rate
9.92%
Multifamily Units
13
Amenities
Excellent Signage
Great Exposure
Separate Meters
Large Yard
Private Parking Lot
Updated Electric
Building Details
Year Renovated
2019
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corporation
Listed By:
Matthew Shane · License #NY 10311207810
Source:
Crexi
Added: Apr 11
Changed: Jul 22
Last Checked: Jul 30 at 11:05AM
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 All Island Estates Realty Corporation
Investment Insights
Based on property information with market context.
This 13-unit apartment building is offered for sale with renovations completed in 2019. The property includes nine renovated units and features separate meters and updated electric. Outside, the building sits on a large lot and offers a private parking lot and large yard.
Located at 108 Grove St in Hempstead, NY 11550, the property is positioned in a retail-heavy area with nearby businesses including Home Depot, McDonald’s, 7-Eleven, Taco Bell, CVS, Dunkin’, AutoZone, and Chase. According to the owner, there may be potential to increase rents up to 18% over market when a tenant vacates an apartment.
Located at 108 Grove St in Hempstead, NY 11550, the property is positioned in a retail-heavy area with nearby businesses including Home Depot, McDonald’s, 7-Eleven, Taco Bell, CVS, Dunkin’, AutoZone, and Chase. According to the owner, there may be potential to increase rents up to 18% over market when a tenant vacates an apartment.
Key Highlights
- 13‑unit apartment building renovated in 2019
- 9 renovated units
- Separate meters and updated electric
Property Analytics
Current Use
Lease Details
13
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,631
Businesses Nearby
Explore this area
Business Placement
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Renovated 13-unit apartment building with separate meters, updated electric, a large yard, and private parking lot.
Where is this apartment building located?
The property is located at 108 Grove St Hempstead, NY.
What are key features of this property?
This property features: 13‑unit apartment building renovated in 2019; 9 renovated units; Separate meters and updated electric
