Updated Oct 15, 2026
Khan Capital Group Purchases Multifamily Property From Israel Schmidt In Hempstead For $2 Million
298 Main Street
$2,000,000
$285/SF
Building Size
7,000 SF
Asset Type
MultiFamily
Closing
Nov 5, 2025
About this deal
AI
The property asset is a multifamily residence located at 298 Main Street in Hempstead. It was sold for $2,000,000, encompassing a total area of 7,000 square feet, resulting in a price per square foot of $285.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,000,000
- Address: 298 Main Street
- Market: Hempstead
- Square Footage: 7,000
- Price Per Square Foot: $285
- Buyer: Khan Capital Group - Pervez Khan & Saúl Ventura
- Seller: Israel Schmidt
The transaction involved Khan Capital Group, represented by Pervez Khan and Saúl Ventura, who facilitated the acquisition from seller Israel Schmidt, marking a significant transaction in the multifamily sector.
On the Map
$2,000,000
$285/SF
MultiFamily
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Players
Hempstead MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93