54 Greenwich St Hempstead, NY 11550
Property profile & analytics
54 Greenwich St Hempstead, NY 11550
- High-rise multifamily apartments
- 15,953 SF
- 0.74 lot acres
Property ID
US63-5234782
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- PrimeRadiance Hormone Replacement Therapy Studio / Medical Clinic
- Rodriguez Home Care / Home Health Care Service
Property Details for 54 Greenwich St
- Year built
- 1936
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.74 lot acres
- Property size
- 15,953 SF
- Property type
- High-rise multifamily apartments
- APN
- 34-357-00-0027
- APU
- 34357000027
Description
This exceptional 65-unit apartment building in Hempstead, NY, presents a compelling investment opportunity. Located at 54 Greenwich St, 11550, this four-story, 63,812 square foot building boasts a 100% occupancy rate and 100% rent collection, generating a current NOI of $618,871 and a 4.45% cap rate. The pro-forma NOI is projected at $886,183, resulting in a 6.38% pro-forma cap rate. Recent capital improvements include brick pointing and parapet work (2023), new meter banks and a main breaker box (2021), and extensive renovations to 30% of the units. Further enhancements encompass new basement windows, renovated common areas, hallways, stairwells, entrance, and courtyard, along with a new surveillance system. The unit mix comprises 16 studios, 42 one-bedroom, and 7 two-bedroom apartments, all oversized. The asking price is $13,900,000, translating to $213,846.15 per unit and $217.83 per square foot. This stabilized investment is ideal for a 1031 exchange. The property benefits from a clean environmental record. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a desirable location.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,789,000
Market price range: $146k - $7.57M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Hempstead
- County
- Nassau
- State
- New York
- Longitude
- -73.6203
- Latitude
- 40.7042
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$206,746
$5,241
$40,050
$45,291
-
$0.00
$0.00
$4,529,100
