Apartment Building in Bellmore, NY

611 Bedford Ave, Bellmore, NY 11710

Executive Summary:

Price:	$899,999
Building Size:	2,097 SF
Property Type:	Multi-Family
Lot Size:	0.06 Acres
Year Built:	1904
Cap Rate:	7.48%
NOI:	$67,332
Location:	611 Bedford Ave Bellmore, NY 11710

Investment Highlights

Convenient Location Close to Retail, Restaurants, & Other Amenities
Tenants are Paying Below Market Rents
Right Off The Busy Sunrise Highway
5 Minute Walk From The N19 Bus Stop
Close Walking Distance to Various Schools & Medical Offices
Bellmore is Safer Than 60% of U.S. Cities

Investment Summary

American Investment Properties is retained to sell 611 Bedford Avenue in Bellmore, New York. At this location is a 4-unit apartment property. The apartment units are 1 bedroom 1 bath and fully occupied. Current tenants are paying below market rents. This is a great value-add opportunity in a strong location.

The property is within convenient walking distance to schools, medical offices, and local retail amenities. It’s also convenient for transportation. It’s a short walking distance to the N19 bus stop, Bellmore Train Station, and just a few blocks from Sunrise Highway.

Please call John Wynne at 516-393-2300 or john@aiprops.com with any questions for further interest on this property.

About Bellmore, NY

The Bellmore community offers a mix of retail business, professional services, entertainment, and eateries. Notable residents include Lenny Bruce (progressive comedian), George Kennedy (actor), and Daryl Palumbo (lead singer in Glassjaw band). The Brokerage Comedy Club is nearby where people can relax, have a drink and generally enjoy friendly comedy after dark.

Water Mill is a middle-class neighborhood. Most people in Water Mill make a good living and more adults in the town have earned college degrees than have people in most other towns in New York. About 88% of housing units in Water Mill are occupied by their owners, not by renters. Some of the summer homeowners also proved to be valuable benefactors who played an important role in preserving the community’s historical artifacts such as the old water mill. Home price value in Water Mill typically ranges from $850,000 up to $4 million respectively.