The Devon on Greenwich property
Cushman & Wakefield

The Devon on Greenwich

148 Greenwich Street  |  Hempstead, NY
Multifamily

39 of 40 free market Condominium Units | High-Quality Residential Asset with Assumable Financing

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Total Gross Area
±49,952 SF
Year Built
2006
Total Condominium Units
40
Sponsor-Owned Units Offered
39
Lot Size
±0.64-Acre
On-Site Parking Spaces
57
Asking Price
$12,950,000 - BID DATE JULY 30TH
01 — Executive Summary

The Offering

The Devon on Greenwich

Cushman & Wakefield is pleased to exclusively present The Devon, a ±49,952-square-foot, five-story elevator condominium building located at 148 Greenwich Street, Hempstead, NY. Built in 2006, the property consists of 40 total free market residential units, with 39 sponsor-owned units being offered for sale. The building is fully occupied, and gross income is based solely on the sponsor-held units.

Positioned on a ±0.64-acre lot, the site is fully fenced and gated, with 57 on-site parking spaces and a full basement totaling approximately 10,800 square feet. The basement includes amenity space such as a meeting room and a large storage area. Each unit is individually metered, features a private balcony, and ranges in layout from studio to two-bedroom. The fifth floor includes four penthouse-style units, each offering two bedrooms and two bathrooms.

02 — Investment Highlights
01

Free Market Condominium Building

Rare opportunity to acquire near-total ownership of a 40-unit residential condominium building.

02

Fully Occupied Free Market Asset

All sponsor-owned units are free market and fully occupied, providing immediate in-place cash flow.

03

Assumable Financing

Existing debt may be assumed, offering buyers a potentially attractive financing option in the current market.

04

Gated Elevator Building with Parking

Built in 2006 with elevator access, gated parking, private balconies, and individually metered units.

03 — Asset Specifications
BUILDING TYPE
Five-Story Elevator Building
CONSTRUCTION
Concrete and Steel
SECURITY
Fully Fenced with Security Cameras
UNIT LAYOUTS
Studio, 1BR, and 2BR
PENTHOUSE UNITS
Four 2BR/2BA on Fifth Floor
UNIT FEATURES
Private Balconies on All Units
METERING
Individually Metered for Gas & Electric
KITCHENS
Modern Kitchens & In-Unit Appliances
05 — Location Overview

Location Snapshot

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Village of Hempstead, Nassau County

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Five Blocks South of Peninsula Boulevard

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Near Hempstead Public Schools

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Corner of Greenwich St & Totten St (N35, N40, N54 Bus Lines)

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Two Blocks from Kennedy Memorial Park

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Less Than 1.5 Miles to Hempstead LIRR Station

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Excellent Connectivity to Southern State & Meadowbrook Pkwy

Hempstead, NY

The Devon on Greenwich

148 Greenwich Street

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Confidential Materials

Access
Confidential
Materials

Review the public brochure or request access to the Confidential Offering Memorandum, financial model, rent roll, and supporting diligence materials via the secure deal room.

The Devon on Greenwich

148 Greenwich Street

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Access is subject to qualification and execution of a Confidentiality Agreement.

06 — Broker Contacts

Exclusively
Marketed By

Cushman & Wakefield has been retained as exclusive advisor for the disposition of The Devon on Greenwich.

Cushman & Wakefield

cushmanwakefield.com

Additional Transaction Team

Cushman & Wakefield Copyright 2026. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s).