Property profile

40 Hempstead Gardens Dr West Hempstead, NY 11552

OFF-MARKET
Land
2.01 ac lot
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Property summary

AI-generated overview

This exceptional 2.01-acre commercial land parcel, located at 40 Hempstead Gardens Drive in West Hempstead, NY 11552, presents a compelling investment opportunity. Zoned URDC (Urban Renewal Residence C District), this property boasts a substantial 87,861 square feet and is ideally situated near Hampstead Avenue. Previously approved for the construction of 55 residential units (54 units plus a superintendent's unit), the site offers significant potential for redevelopment. The property is being sold "as is," and buyers are responsible for conducting their own due diligence. All offers must include proof of funds and will be subject to court receiver and court approval. Former plans are available upon request. The asking price for this prime commercial land is $4,000,000. Serious inquiries should be submitted via email to [email protected] or fax to 516-908-7605. This is a rare chance to acquire a large, well-located parcel with a proven history of development approval in a desirable Nassau County location. Don't miss this opportunity to capitalize on the potential of this exceptional property.

Property profile

Verified
Property type Land
Lot 2.01 ac (87,556 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Freight Service Logistics Company

Location

40 Hempstead Gardens Dr West Hempstead, NY 11552
West Hempstead metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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