Built in 2024, this 12-unit apartment building w/elevator offers investors a true turnkey opportunity. The property includes three spacious 3-bedroom/2-bath apartments and nine 2-bedroom/1-bath apartments, all designed with modern layouts, in-unit laundry, granite countertops, stainless steel appliances, energy-efficient heating and cooling systems, and smart entry features. With 19 gated parking spaces, the building provides convenience for tenants and helps support strong rental demand. Building is fully occupied with market-rate rents.Because it is brand new construction, an investor can expect minimal repairs or major capital expenses, allowing for predictable income and easier management. This is a solid opportunity for anyone looking to generate steady rental cash flow while owning a high-quality asset positioned for long-term value growth.
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Listing Snapshot
Price
$7,300,000
Days On Site
13 Days
Bedrooms
27
Inside Area (SqFt)
16,496 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.2596 Acres
Year Built
2021
MLS® Number
977780
Status
Active
Property Tax
$86,793.73
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
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Recent Activity
2 weeks ago
Listing first seen on site
2 weeks ago
Listing updated with changes from the MLS®
General Features
Acres
0.2596
Cross Street
Elmwood Ave
Number Of Stories
3
Parking
Parking LotPrivate
Parking Spaces
19
Property Condition
New Construction
Property Sub Type
Multi Family
Security
Building SecurityKey Card Entry
Sewer
Public Sewer
SqFt Total
16496
Utilities
Natural Gas AvailableCable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedWater Connected
Water Source
Public
Interior Features
Basement
FinishedFullStorage SpaceWalk-Out Access
Cooling
Central Air
Heating
Natural Gas
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Exterior Features
Construction Details
Vinyl Siding
Lot Features
Corner LotNear Public Transit
Community Features
MLS Area
Hempstead
School District
Uniondale
Schools
School District
Uniondale
Elementary School
Grand Avenue Elementary School
Middle School
Lawrence Road Middle School
High School
Uniondale High School
Listing courtesy of Douglas Elliman Real Estate jessica.hollenstein@elliman.com
Based on information submitted to the MLS GRID as of 2026-04-16 12:33 AM EDT.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied
Open House Information is subject to change without notice. All information should be independently reviewed
and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Neighborhood & Commute
Source: Walkscore
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