No credit card deposits will be accepted. Please select wire transfer or bid agreement. Property tours will be held Friday, June 2nd from 9:00-10:30 AM. Please contact listing broker to schedule. Investment Overview Built in 1911, the Property consists of a 3-story, elevator served, vacant former firehouse building with full basement, located in the Central Nassau Submarket in Hempstead, NY. - The owner has recently invested approximately $150,000 in building capital improvements to bring the Property into shell condition. Plans (pending approval) for 11 apartment units on floors 2-3 and retail on the ground floor will also be included in the sale. The building has clear-heights of 15’+. Key development in the area includes the revitalization of downtown Hempstead. The benefits of the redevelopment of Hempstead village include: 12,000 construction job years, 3,300 direct permanent jobs, over 5,000 permanent jobs including indirect and induced jobs, $10.0 MM annually to the Village in tax revenue, $25.0 MM annually to the school district in tax revenue, multiple properties back on the tax rolls, a safe and secure environment in and around the downtown area, and mixed-income residential options that suit the needs of existing Hempstead residents. For other opportunities in Hempstead, NY please use the below links: 31 Miller Place, Hempstead, NY 11520 31 Sammis Place, Hempstead, NY 11520 62 Vermont Ave., Hempstead, NY 11520 43 California Ave., Hempstead, NY 11520 91 South Franklin Avenue Hempstead, NY 11520 92 Union Place Hempstead, NY 11520 16 Burr Ave., Hempstead, NY 11520
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Multi-Family Space
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