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The Devon on Greenwich 148 Greenwich St 39 Unit Apartment Building $18,343,804 CAD ($470,354 CAD/Unit) Hempstead, NY 11550
Investment Highlights
- 39 Free-Market Units | No Rent-Stabilization Exposure
- 57 Gated Parking Spaces and Private Balconies
- Fully Occupied Five-Story Elevator Property
- Below-Market Rents with Assumable Financing
Executive Summary
Cushman & Wakefield has been exclusively retained to arrange the sale of The Devon on Greenwich, a fully occupied, five-story elevator multifamily offering in Nassau County.
The offering comprises 39 free-market residences and features large studio, one- and two-bedroom layouts, private balconies, individual gas and electric metering, 57 gated parking spaces and a ±10,800-square-foot basement. In-place rents remain below market, providing a compelling mark-to-market opportunity with no rent-stabilization exposure. Assumable financing is available.
The offering comprises 39 free-market residences and features large studio, one- and two-bedroom layouts, private balconies, individual gas and electric metering, 57 gated parking spaces and a ±10,800-square-foot basement. In-place rents remain below market, providing a compelling mark-to-market opportunity with no rent-stabilization exposure. Assumable financing is available.
Property Facts
| Price | $18,343,804 CAD | Building Class | B |
| Price Per Unit | $470,354 CAD | Lot Size | 0.64 AC |
| Sale Type | Investment | Building Size | 49,952 SF |
| No. Units | 39 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 5 |
| Property Subtype | Apartment | Year Built | 2006 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.14/1,000 SF |
| Zoning | Residential - Residential | ||
| Price | $18,343,804 CAD |
| Price Per Unit | $470,354 CAD |
| Sale Type | Investment |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.64 AC |
| Building Size | 49,952 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2006 |
| Parking Ratio | 1.14/1,000 SF |
| Zoning | Residential - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Carpet
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Gated
- Video Patrol
- Trash Pickup - Curbside
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 868 - 1,032 |
| 2+1 | 8 | - | 984 - 1,058 |
| 2+2 | 22 | - | 1,063 |
| 3+2 | 1 | - | 1,420 |
1 1
Very walkable
80/100
Fairly drivable
40/100
Good public transit
60/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2013-34-357-00-0119-UCA025700101 | Improvements Assessment | $1,388 CAD |
| Land Assessment | $150 CAD | Total Assessment | $1,538 CAD |
Property Taxes
Parcel Number
2013-34-357-00-0119-UCA025700101
Land Assessment
$150 CAD
Improvements Assessment
$1,388 CAD
Total Assessment
$1,538 CAD
Contacts
-
Daniel Abbondandolo -
Joegy Raju -
Victor Little -
Lincoln Cioffi -
Cushman & Wakefield
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The Devon on Greenwich | 148 Greenwich St
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