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5-Unit Apartment Building
For Sale
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Pending

43 California Ave, Hempstead, NY 11550

Five-unit property with separately metered electric and gas service plus in-unit hot water heaters.

Property SizeContact for details
Days on Market141

Property Features for 43 California Ave

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: Select Real Equity Advisors
Listed By: Hunter DeLuca · License #10401304644
Source: Crexi
Added: Apr 12 Changed: Aug 29 Last Checked: Aug 29 at 1:25PM

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 Select Real Equity Advisors

Investment Insights

Based on property information with market context.

This five-unit apartment building is located at 43 California Ave in Hempstead, New York. Each apartment has its own electric and gas meter, supporting separate utility accounting for the residences. Individual hot water heaters are installed within the apartments.

The property is situated in a residential neighborhood within walking distance of shops and transportation. Its five-apartment configuration and separately metered utilities provide a straightforward multifamily layout at the building level.

Key Highlights

  • Five‑unit apartment building at 43 California Ave, Hempstead, NY 11550
  • Every unit has individual electric and gas metering
  • Apartments include their own hot water heaters

Property Analytics

Current Use

Apartment buildings

Suggested Use

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

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

Location Intelligence

Trade Area within ½ mile

1,387
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 - Five-unit property with separately metered electric and gas service plus in-unit hot water heaters.
Where is this apartment building located?
The property is located at 43 California Ave Hempstead, NY.
What are key features of this property?
This property features: Five‑unit apartment building at 43 California Ave, Hempstead, NY 11550; Every unit has individual electric and gas metering; Apartments include their own hot water heaters
More about this property
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