NEW YORK, March 15, 2017 – Cushman & Wakefield has been retained on an exclusive basis to sell a fully-leased multifamily building at 651 Front Street, located between Elizabeth Court and Hendrickson Avenue in Hempstead, Long Island. The asking price is listed at $3,500,000.
The three-story, 22-unit elevator building is comprised of approximately 25,923 square feet and sits on a lot of more than 28,000 square feet. All units are rent-stabilized with the exception of non-profit tenants who are temporarily exempt from stabilization. The property features on-site parking at the rear of the building that can legally accommodate 22 vehicles. Additionally, the boiler and roof are new, having been replaced in the last year, and the common areas and apartment units were recently renovated.
651 Front Street ideally situated in proximity to the Hempstead Long Island Rail Road station and Meadowbrook State Parkway, providing convenient access to New York City and all of Long Island. Roosevelt Field Shopping Mall, the Gallery at Westbury Plaza, among other national brand retailers, are within a few miles of the property.
Cushman & Wakefield’s Stephen Preuss is exclusively marketing the building with colleagues Kevin Louie, Denise Prevete, and Andreas Efthymiou.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.