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  • 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. 4
    64 Stewart Avenue Hempstead, NY 11550
    $680,000
    4 Bedrooms 2 Full Baths
    Multi Family For Sale ML# 3568055
    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.
    Presented By: Keystone Realty USA Corp  631-261-2800
    Call Today: (631)722-5800, (631)722-5800, or  Email: Colony Realty
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OneKey™ MLS The data relating to real estate for sale on this web site comes in part from the OneKey™ MLS. Real Estate listings held by brokerage firms other than ColonyRealty are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

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1327 Main Road, PO Box 678, Jamesport,NY 11947

PHONE: 631-722-5800
FAX: 631-722-5951

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