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64 Stewart Avenue

Hempstead, NY 11550

4 beds
2 baths
1,164 sqft
2,500 sqft lot
$536 per sqft
1912 build
– on site

AMAZING INVESTMENT OPPORTUNITY THAT YOU WILL NOT WANT TO MISS! This 2 family comes fully occupied with Section 8 tenants, with a gross monthly income of $5,400! Both tenants have newly renewed leases as of December, 2024 under the NYS HCR EHV Program. The annual gross income is $64,800, with a NOI of $44,400 after expenses (utilities, taxes, insurance), which is a 7.1% cap rate! There is only one gas meter, both tenants pay their own electric bills, and landlord pays on average $300 monthly for the gas bill. Driveway is newly paved, roof is only a few years old, boiler has been recently serviced, and there will be new floors put on the first floor. This is an opportunity for an investor obtain an incredible asset that produces sufficient cash flow. PLEASE CALL OR TEXT NOW, DO NOT MISS OUT!!!

Listing courtesy of ONEKEY / Bushman Hill Real Estate

Last checked: Checking… • Last updated Jan 13, 2025 •

MLS# 812797 —

The Building

Year Built:

1912
Basement:

true
Construction Materials:

Frame
Number Of Units Total:

2
Building Area Units:

Square Feet
Building Area Total:

1164

Interior

Interior Features:

First Floor Bedroom

The Property

Lot Size Acres:

0.0574
Parcel Number:

2013-34-238-00-0495-0
Property Type:

Residential Income
Property Sub Type:

Duplex
Lot Size Square Feet:

2,500 Sqft
Property Attached:

false
Waterfront:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Source:

Municipality
Tax Annual Amount:

14453.53

Beds

Bedrooms Total:

4

Baths

Bathrooms Full:

2
Bathrooms Total:

2

The Listing

Special Listing Conditions:

None

Heating & Cooling

Heating:

Natural Gas
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Public Sewer
Utilities:

Electricity Available, Natural Gas Available
Water Source:

Public

Schools

High School District:

Hempstead

The Community

Senior Community:

false

Parking

Parking Features:

Driveway
Garage:

false
Carport:

false

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/13/25 Jan 13, 2025	Listed / Active	ONEKEY	$625,000	27.6% (10.8% / YR)
6/30/22 Jun 30, 2022		ONEKEY	$490,000	172.2% (22.0% / YR)
8/28/14 Aug 28, 2014		ONEKEY	$180,000

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This multifamily located in Hempstead Village, Hempstead, NY 11550 is currently for sale for $625,000. 64 Stewart Avenue is a 1,164 square foot multifamily with 4 beds and 2 baths that has been on Estately for 9 days. 64 Stewart Avenue is in the Hempstead Village neighborhood of Hempstead and has a WalkScore® of 64, making it somewhat walkable.

Listing Courtesy of: ONEKEY and Bushman Hill Real Estate.

IDX information is provided exclusively for consumers’ personal non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.