5537-B HEMPSTEAD WAY #8L
About This Property
Discover unparalleled professionalism and charm at our corner unit office suite, nestled in the esteemed garden-style colonial complex of Backlick Professional Village, Springfield. Perfectly positioned off Backlick Road, this exceptional space is designed to cater to the needs of a professional business practice looking for multiple private office spaces.
Boasting an efficient layout, the suite features a welcoming reception area, a spacious hall seating room, and 7 distinct office spaces. His and hers bathrooms add convenience, while windows on three sides flood the space with natural light, creating a bright and inviting work environment.
Parking is plentiful in the village, ensuring ease of access for you and your clients. Unique to this suite, enjoy a private entrance through a beautifully landscaped green courtyard, complete with serene benches-a perfect spot for breaks and informal gatherings.
Elevate your business in a location where convenience meets professional sophistication. Welcome to your next office at Backlick Professional Village.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 3, 2024 | Sold | ||
| Sold | |||
| Aug 15, 2024 | In contract | - | |
| In contract | |||
| Mar 15, 2024 | Listed by Compass | $295,000 | |
| Listed by Compass | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/15/2024
|
Loft
|
-
|
-
|
$295,000
Loft
-
|
$270,000
-8.47%
09/03/2024
|
Andre Perez
Compass
|
Building Info
About Springfield
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017