64 Stewart Avenue Hempstead NY, 11550 New Hyde Park-Garden City Park SD# 5
$680,000
4 Beds / 2 Full Baths | ML# 3568055
Property Picture

5.78 Cap 2 Family Investment property 100% occupied with Section 8 Tenants under the NYS HCR EHV Program. 1st floor tenants have just renewed 1 year lease in May and 2nd floor tenant renewed a 1 year lease in December. Currently the second floor unit is rented for $2700.00 monthly and the first floor unit is rented for $2, 400.00 monthly. The annual gross income is $61, 200.00 after expenses the NOI is $40, 464.47 representing a 5.78 Cap Rate. The 2nd floor tenant pays 100% of their utilities and 1st floor tenant pays their own electric and Landlord pays on average $250.00 monthly for 1st floor tenants gas. 64 Stewart Avenue is a perfect opportunity for an investor to acquire an income-producing asset.

    <!-- CLIENTS NAME -->
    Colony Realty Licensed Real Estate Salesperson (631)722-5800 (631)722-5800 broker@colonyrlty.com