Hewlett, NY High Income Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Hewlett, New York Market population: 7K. Explore income-producing properties with verified cap rates and...

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📊 Average Cap Rate For Hewlett NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Hewlett NY Properties: 2.7800%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

Save

Investor Questions For Hewlett NY

Common questions from investors exploring commercial real estate in Hewlett NY.

What is the overall investment potential of Hewlett, NY? +

Hewlett, NY offers a stable investment market with a median household income of $100,882, a relatively low poverty rate of 6.6%, and a high health insurance coverage rate of 96.3%, indicating a strong and secure tenant base. The top industries, including Professional, Scientific, & Management, and Finance & Insurance, also suggest a diverse and resilient economy. With a median property value of $437,600 and a homeownership rate of 82.0%, the housing market appears robust.

How does the demographic makeup of Hewlett, NY impact investment decisions? +

The demographic makeup of Hewlett, NY, with a median age of 42.7 and a diverse population including White, White Non-Hispanic, and Asian ethnicities, suggests a stable and family-oriented community. The foreign-born rate is not available, but the top industries and high median household income indicate a strong and attractive job market, which can support rental demand and property appreciation. Additionally, the average commute time of 35.4 minutes and top commute methods, including public transit, indicate convenient access to employment opportunities.

What are the key factors to consider when evaluating the rental market in Hewlett, NY? +

When evaluating the rental market in Hewlett, NY, consider the relatively low poverty rate of 6.6% combined with the high health insurance coverage rate of 96.3%, which suggests a working-class market with employment stability. The median household income of $100,882 and the top industries, including Professional, Scientific, & Management, also indicate a strong and diverse economy that can support rental demand. Furthermore, the average commute time of 35.4 minutes and the top commute methods, including drove alone and public transit, suggest convenient access to employment opportunities.

How does the economic inequality in Hewlett, NY affect real estate investment? +

The GINI coefficient of 0.396 in Hewlett, NY indicates a moderate level of economic inequality. However, the median household income of $100,882 and the low poverty rate of 6.6% suggest that the economy is relatively strong and resilient. The top industries, including Finance & Insurance, and Real Estate & Rental & Leasing, also indicate a diverse and attractive job market, which can support property appreciation and rental demand. Additionally, the high health insurance coverage rate of 96.3% and the average commute time of 35.4 minutes suggest a stable and secure tenant base.

What are the implications of the housing market characteristics for real estate investors in Hewlett, NY? +

The housing market characteristics in Hewlett, NY, including a median property value of $437,600, a median property tax of $2,066, and a homeownership rate of 82.0%, suggest a robust and stable market. The top ethnicities, including White and Asian, and the median age of 42.7 indicate a diverse and family-oriented community. The employed population of 3,227 and the top industries, including Professional, Scientific, & Management, also suggest a strong and attractive job market, which can support property appreciation and rental demand. Furthermore, the average commute time of 35.4 minutes and the top commute methods, including public transit, indicate convenient access to employment opportunities.

Hewlett NY Real Estate & City Facts

Key facts and real estate information about Hewlett NY.

What are some of the best neighborhoods to live in Hewlett? +

Some of the best neighborhoods to live in Hewlett include Hewlett/Woodmere, which is known for its beautiful homes and serene atmosphere. The area is also home to the highly-rated Hewlett-Woodmere School District, making it a great option for families. Additionally, neighborhoods like Grant Park offer a community green space and an ice skating rink, making them a great choice for those who want to be close to amenities.

What are some fun things to do in Hewlett? +

There are plenty of fun things to do in Hewlett, including visiting the beach at Far Rockaway, exploring the Hempstead Lake State Park, and checking out the Observation deck at Belmont Park Racetrack. You can also take a stroll through Grant Park, which offers a community green space and an ice skating rink. For those looking for something more low-key, there are plenty of great restaurants and shops to explore in the area.

What is the food scene like in Hewlett? +

The food scene in Hewlett is diverse and offers something for everyone. You can find great Italian cuisine at restaurants like Da Nicola, or try some Israeli soul food at Laffa Bar and Grill. There are also plenty of great pizzerias, like Tony D's Pizzeria, and a range of other restaurants serving everything from seafood to steak. Whether you're in the mood for something fancy or casual, Hewlett has plenty of great options to choose from.

What are the pros and cons of living in Hewlett? +

One of the pros of living in Hewlett is the highly-rated school district, which makes it a great option for families. The area is also home to plenty of beautiful parks and green spaces, like Grant Park, which offer a range of amenities and activities. However, one of the cons of living in Hewlett is that it can be a bit noisy, especially in areas with a lot of traffic. Additionally, the cost of living in Hewlett can be high, especially when it comes to housing costs. Overall, though, Hewlett is a great choice for those who want to be close to amenities and have a high quality of life.

Is Hewlett a good place to live? +

Overall, Hewlett is a great place to live, offering a range of amenities and activities, a highly-rated school district, and a diverse food scene. While it can be a bit noisy and the cost of living can be high, the pros of living in Hewlett far outweigh the cons. Whether you're a family, a young professional, or just looking for a great place to call home, Hewlett is definitely worth considering. With its beautiful parks, great restaurants, and range of things to do, Hewlett is a great choice for anyone looking for a high quality of life.

Hewlett, NY High Income Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Hewlett NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Hewlett NY Properties: 2.7800%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Hewlett NY

Hewlett NY Real Estate & City Facts

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