64 Stewart Avenue

Hempstead, NY 11550

$625,000
Price
4
Beds
1,164 Sq. Ft.
$537 / Sq. Ft.
1,164
Sq. Ft.
$537
per Sq. Ft.

Description

Amazing investment opportunity that you will not want to miss! This 2 family comes fully occupied with Section 8 tenants, with a gross monthly income of $5,400! Both tenants have newly renewed leases as of December, 2024 under the NYS HCR EHV Program. The annual gross income is $64,800, with a NOI of $44,400 after expenses (utilities, taxes, insurance), which is a 7.1% cap rate! There is only one gas meter, both tenants pay their own electric bills, and landlord pays on average $300 monthly for the...Amazing investment opportunity that you will not want to miss! This 2 family comes fully occupied with Section 8 tenants, with a gross monthly income of $5,400! Both tenants have newly renewed leases as of December, 2024 under the NYS HCR EHV Program. The annual gross income is $64,800, with a NOI of $44,400 after expenses (utilities, taxes, insurance), which is a 7.1% cap rate! There is only one gas meter, both tenants pay their own electric bills, and landlord pays on average $300 monthly for the gas bill. Driveway is newly paved, roof is only a few years old, boiler has been recently serviced, and there will be new floors put on the first floor. This is an opportunity for an investor obtain an incredible asset that produces sufficient cash flow. Please call or text now, do not miss out!

Property Details for 64 Stewart Avenue

City/Township
Hempstead
Waterfront
No
LISTING UPDATED: 01/13/2025 11:43 AM

Property Details for 64 Stewart Avenue

StatusActive
MLS #812797
Days on Market37
Taxes$14,454 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeDuplex
Year Built1912
Lot Size0.06 AC / 2,500 SF
CountyNassau County

Building Information for 64 Stewart Avenue

Stories-Residences2Year Built1912Building Size-Lot Size0.06 AC / 2,500 SF

Property Information for 64 Stewart Avenue

Summary
Location and General Information
  • Senior Community YN: No
  • Property Attached: No
  • Structure Type: false
  • State Or Province: NY
School Information
  • School District: Hempstead
  • High School District: Hempstead
Unit Information
Unit 1 Information
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,700.00
Unit 2 Information
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Actual Rent: $2,700.00
Unit Information
  • Number Of 1 Bedrooms: 1
  • Number Of 2 Bedrooms: 1
  • Number Of 3 Bedrooms: 0
  • Number Of 4 Bedrooms: 0
  • Building Units Total: 2
Taxes and HOA Information
Taxes and HOA Information
  • Parcel Number: 2013-34-238-00-0495-0
  • Tax Assessed Value: $256.00
Interior and Exterior Features
Interior Features
  • Amenities: 1st Floor Bedrm, Public
  • Interior Features: First Floor Bedroom
  • Basement: Unfinished
  • Location Amenities: 1st Fl Master Bedroom
Exterior Features
  • Exterior Property Features: Driveway
  • Elevation Certificate: No
  • Construction Materials: Frame
Lot Information
  • Building Area Units: Square Feet
Parking
  • Parking Features: Driveway
  • Garage: No
Utilities
  • Cooling: Wall/Window Unit(s)
  • Heating: Natural Gas
  • Heat Fuel Type: Natural Gas
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Electricity Available,Natural Gas Available
Green Features
  • Green Features: Natural Gas

Property History for 64 Stewart Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 64 Stewart Avenue

Taxable ValueLand$76Additions$180Total$256
Tax Record2024$653 ($54 / month)
Home Facts
Baths2Total Finished SqFt1,164 SqFtAbove Grade Finished SqFt1,164 SqFtStories2Lot Size2,500 SqFtStyleDuplexYear Built1912CountyNASSAUAPN34-238-00-0495

Schools near 64 Stewart Avenue

This home is within Hempstead Union Free School District.
Rating
School
Type
Grades
Distance
Public - 1 to 6
Public - 7 to 8
Public - 9 to 12
Public - K to 6
Rating
School
Distance
Jackson Main Elementary School
Public1 to 6

Alverta B Gray Schultz Middle School
Public7 to 8

Hempstead High School
Public9 to 12

RHODES ACADEMY OF HUMANITIES-ARTS
PublicK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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64 Stewart Avenue is a multi-family home for sale in Hempstead, NY 11550. This property was listed for sale on January 13, 2025 by Bushman Hill Real Estate, it's currently listed at $625,000. It has been on the market for a total of 37 days and was last sold on June 30, 2022. This listing's school district is Hempstead Union Free School District. Nearby schools include Jackson Main Elementary School, Alverta B Gray Schultz Middle School and Hempstead High School. 64 Stewart Avenue is a 4-bed, 2-bath, 1,164 sqft multi-family home built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bushman Hill Real Estate, Brandon X. Eden

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers’ personal, non-commercial use. The data relating to real estate for sale on this website comes in part from the IDX Program of OneKey® MLS. Information Copyright 2025, OneKey® MLS. All Rights Reserved.