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62-Unit Elevator Apartment Building
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565 Fulton Avenue, Hempstead, NY 11550

Four-story multifamily property with 62 apartments in a suburban Long Island setting.

Property Size69,176 SF
Price / SF$134.44
Days on Market24

Property Features for 565 Fulton Avenue

General Information

Standard status Active
Size 69,176 SF
Property subtype Multifamily
Zoning Elevator Apartment (Class 411.62)
Occupancy 96%
Investment Type Stabilized

Additional Details

Public Transit Yes
Multifamily Units 62

Building Details

Year Built 1949
Buildings 1
Stories 4
Units 62
Tenancy Multi
Listing Agency: Meridian Capital Group Midtown
Listed By: Shallini Mehra · License #NY 10301207794
Source: Crexi
Added: Aug 10 Changed: Aug 31 Last Checked: Aug 31 at 8:10PM

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 Meridian Capital Group Midtown

Investment Insights

Based on property information with market context.

Built in 1949, this four-story elevator apartment building contains 62 apartments within 69,176 square feet. The property is classified as Elevator Apartment (Class 411.62) and is located at 565 Fulton Avenue in Hempstead, New York.

Hempstead is situated in Nassau County on western Long Island, approximately 25 miles east of Manhattan. Access to New York City is supported by major roadways and the Long Island Railroad, while the surrounding township includes Hofstra University and Hempstead Lake State Park.

Key Highlights

  • 62 apartments across 69,176 SF
  • Four‑story elevator apartment building
  • Built in 1949

Property Analytics

Current Use

Kelly Tax Pro Tax Preparation

Suggested Use

Top Pick Real Estate Agency Acupuncture Skin Care Clinic Gym & Fitness Center (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.

Lease Details

62
Residential units

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
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Frequently Asked Questions

What type of property is this?
Apartment building - Four-story multifamily property with 62 apartments in a suburban Long Island setting.
Where is this apartment building located?
The property is located at 565 Fulton Avenue Hempstead, NY.
What is the asking price?
The asking price for this property is $9,300,000.
What are key features of this property?
This property features: 62 apartments across 69,176 SF; Four‑story elevator apartment building; Built in 1949
(212) 468-5958 Call to check price and availability
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