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Renovated Hempstead Apartment Building
For Sale
Contact for pricing
Pending

54 Greenwich St, Hempstead, NY 11550

Fully occupied apartment building with recent renovations and upgrades.

Property SizeContact for details
Days on Market140

Property Features for 54 Greenwich St

General Information

Standard status Pending
Property subtype Multifamily
Listing Agency: SEL Property Advisors, LLC
Listed By: Marcello Mannino · License #10491212382
Source: Crexi
Added: Mar 26 Changed: Aug 8 Last Checked: Aug 12 at 7:24AM

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 SEL Property Advisors, LLC

Investment Insights

Based on property information with market context.

This fully occupied apartment building has undergone several recent renovations and upgrades. In 2023, brick pointing and parapet work were completed. New meter banks and a main breaker box were installed in 2021. Thirty percent of the units have been gut renovated. Additional improvements include new basement windows, renovated common areas, hallways, and stairwells, as well as a renovated entrance and courtyard. A new surveillance system has been installed. The building features a mix of units, including sixteen studio apartments, forty-two one-bedroom apartments, and seven two-bedroom apartments. All apartments are oversized. The property has a clean environmental record and demonstrates 100% rent collection.

Key Highlights

  • 100% Occupied with 100% Rent Collection
  • Attractive Mix of Studio, 1‑Bedroom, and 2‑Bedroom Oversized Apartments
  • 30% of Units Gut Renovated

Property Analytics

Current Use

PrimeRadiance Hormone Replacement ... Medical Clinic Rodriguez Home Care Home Health Care Service

Suggested Use

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

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

2,761
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 - Fully occupied apartment building with recent renovations and upgrades.
Where is this apartment building located?
The property is located at 54 Greenwich St Hempstead, NY.
What are key features of this property?
This property features: 100% Occupied with 100% Rent Collection; Attractive Mix of Studio, 1‑Bedroom, and 2‑Bedroom Oversized Apartments; 30% of Units Gut Renovated
More about this property
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