50 Laurel Ave 6 Unit Apartment Building $2,065,488 CAD ($344,248 CAD/Unit) 9.56% Cap Rate Hempstead, NY 11550
INVESTMENT HIGHLIGHTS
- Dense Population no vacancies, easy to rent, Charter School opening directly across the street
EXECUTIVE SUMMARY
Legal 6 Family. BELOW MARKET RENTS.
Fully Rented, all tenants paying. Huge Parking lot can be used for extra income.
Brand new Charter School opening across the street.
Highly Populated area - very easily rentable. 8 Parking spots can fetch $150 per month easily. Just need Lot paved.
50 Laurel
1 $2144.00 2 bedroom - can be $2800 w/ section 8
2 $2862.00 2 bedroom
3 $27578.00 2 bedroom
4 $1850 2 bedroom - CASH - can be $2785 with section 8
Back house
5 $2150.00 2 bedroom CASH - can be $2875 w/ section 8
6 $ 3150.00 4 bedroom CASH - can be $4100 w/ section 8
Fully Rented, all tenants paying. Huge Parking lot can be used for extra income.
Brand new Charter School opening across the street.
Highly Populated area - very easily rentable. 8 Parking spots can fetch $150 per month easily. Just need Lot paved.
50 Laurel
1 $2144.00 2 bedroom - can be $2800 w/ section 8
2 $2862.00 2 bedroom
3 $27578.00 2 bedroom
4 $1850 2 bedroom - CASH - can be $2785 with section 8
Back house
5 $2150.00 2 bedroom CASH - can be $2875 w/ section 8
6 $ 3150.00 4 bedroom CASH - can be $4100 w/ section 8
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$251,208
|
$42.85
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$251,208
|
$42.85
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$53,033
|
$9.05
|
| Net Operating Income |
$198,175
|
$33.81
|
PROPERTY FACTS
| Price | $2,065,488 CAD |
| Price Per Unit | $344,248 CAD |
| Sale Type | Investment |
| Cap Rate | 9.56% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,862 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
1 of 1
Walk Score®
Very Walkable (80)
PROPERTY TAXES
| Parcel Number | 2013-34-286-00-0143-0 | Improvements Assessment | $3,865 CAD (2024) |
| Land Assessment | $2,041 CAD (2024) | Total Assessment | $5,905 CAD (2024) |
ZONING
| Zoning Code | R2 (Low density residential district) |
CONTACT
-
Jerry Aharony - Mallcom
