Linden Knolls | 261 S Franklin St
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Linden Knolls 261 S Franklin St
100 Unit Block of Flats £15,666,000 (£156,660/Unit) Hempstead, NY 11550
Investment Highlights
- Linden Knolls”is an affordable housing development.
- Property has Laundry & community room, gym, outdoor play area.
Executive Summary
“Linden Knolls”is an affordable housing development located at 261 South Franklin Avenue, Hempstead, NY. This 100 unit, 5-story building was built just 10 years ago. The development process began in 2011 and using LIHTC issued by NYS HCR & HFA, the building was placed in service in 2014. The building totals approximately 115,000squarefeetwith a6,000 square foot basement, which contains a +/-3,570 square foot day care facility. The propertyisanIRSSection42LIHTCandisincomeandrent restricted.The property has a Tax Exemption and payment agreement which runs through 2028.
Property Facts
| Price | £15,666,000 | Building Class | B |
| Price Per Unit | £156,660 | Lot Size | 2.24 AC |
| Sale Type | Investment | Building Size | 88,555 SF |
| No. Units | 100 | Number of Floors | 5 |
| Property Type | Residential | Year Built | 2014 |
| Property Subtype | Apartment | Parking Ratio | 2.5/1,000 SF |
| Apartment Style | Mid Rise |
| Price | £15,666,000 |
| Price Per Unit | £156,660 |
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 2.24 AC |
| Building Size | 88,555 SF |
| Number of Floors | 5 |
| Year Built | 2014 |
| Parking Ratio | 2.5/1,000 SF |
Unit Amenities
- Air Conditioning
Site Amenities
- Day Care
- Fitness Centre
- Laundry Facilities
- Playground
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 650 |
| 2+1 | 85 | - | 900 |
| 3+1 | 5 | - | 1,100 |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | 2013-34-379-00-0385-0 | Improvements Assessment | £73,243 |
| Land Assessment | £15,290 | Total Assessment | £88,533 |
PROPERTY TAXES
Parcel Number
2013-34-379-00-0385-0
Land Assessment
£15,290
Improvements Assessment
£73,243
Total Assessment
£88,533
zoning
| Zoning Code | RES A / BUS A (RES A / BUS A) |
| RES A / BUS A (RES A / BUS A) |
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Linden Knolls | 261 S Franklin St
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