42,228 Square Foot Multi-Family Space For Sale @ 22 Pearsall Ave

The opportunity is a 1928 vintage, 32-unit multifamily property located at 22 Pearsall Avenue in Freeport, New York. The improvements consist of one, three-story, walk-up building situated on a 0.68-acre parcel. Also included in the sale is an additional parcel totaling .33 acres that are used for parking adjacent to the property. Property amenities include concrete walkways, well-manicured landscaping, and onsite laundry facilities. Unit amenities include a stove, refrigerator, tub/shower, and high-speed internet access.   The Property benefits from its convenient access to public transportation, schools, restaurants, and retailers. The Property is just north of Sunrise Highway and west of Meadowbrook State Parkway; two major thoroughfares in the area. Amenities within a two-mile radius include The Home Depot, Walgreens, Compare Foods Supermarket, IHOP, Papa John’s Pizza, Dunkin Donuts, Chase Bank, AutoZone, 7-Eleven, and much more. Sunrise Highway allows the Property direct access to John F. Kennedy International Airport roughly 15 miles west of the property. The Property is located roughly 40 miles from New York, New York and approximately five miles south of the Hempstead Transit Center allowing residents easy commutes in the surrounding area and to the city. Surrounding land uses primarily consist of residential and several commercial properties, including supporting retail uses and municipal buildings. There are several public transportation stops as well as schools in close proximity. In addition to the amenities already present, the town of Hempstead is currently preparing for a redevelopment which includes the revitalization of downtown Hempstead. Benefits of the redevelopment to Hempstead and Freeport 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 in tax revenue, $25.00 MM annually to the school district in tax revenue, a safe and secure environment in and around the downtown area, and mixed-income residential options that suit the needs of existing Hempstead residents. Property: SBL 54 068 15 Parking: SBL 54 068 211