20 Wendell St Unit C39 · Hempstead, NY 11550

$263,000

1 bd · 1.0 ba · 775 sqft · Condo · 22 Days on market

Built 1966 $339/sqft · 40% below area Est $477k · 45% under

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• 1% rule +6.4/10.0
• Cash flow +6.2/30.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +0.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 20 Wendell Street, Unit 39C—a bright and modern one-bedroom residence located in a quiet, well-maintained building in the heart of Hempstead. The inviting exterior and secure entrance lead you into a community that values comfort and convenience, complete with overnight security and pristine common areas. Inside, this thoughtfully updated home features newly installed recessed lighting throughout and smart light switches that allow you to control illumination right from your phone. The spacious living area showcases modern luxury vinyl flooring with the original hardwood preserved beneath, offering both style and durability. The enclosed private balcony, equipped with heating, extends your living space year-round—perfect for relaxing or entertaining. The kitchen and bathroom are designed with functionality in mind, complemented by bright finishes and ample storage. Residents enjoy the ease of laundry facilities within the building and an on-site mailroom for secure package deliveries. Conveniently situated near public transportation, shops, dining, and parks, this location places everything at your fingertips—including Roosevelt Field Mall just 8 minutes away. Experience the perfect blend of comfort, technology, and accessibility in this move-in-ready Hempstead gem.

Key facts

• Laundry room
• Parking
• Welcome lobby

Tags

• PARKING
• BUILDING SECURITY GUARD
• ELEVATOR BUILDING
• WELCOME LOBBY
• LAUNDRY ROOM

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $263k.

Deal economics

• At list price, monthly cash flow is $-478 ($-6k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $263k).
• Recommended offer: $259k (1.5% below list) — sets the bar for market timing.

Location & tenants

• Location reads 79/100 on livability (#123 in NY, #2,002 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, health & safety A; Watch: crime C-, schools D, cost of living F.
• Hempstead Union Free School District (suburban): math 27% / reading 38% proficiency, ranked #567 of 590 in NY (top 96%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 167 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).
• This rent runs 39% of the median local income ($93k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $8k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($259k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 3y ago; this cycle's ask has dropped $37k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $190k; 38% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: HOA is 34% of rent.
• Climate carrying-cost: major flood risk; major wind risk, 51% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $259,055 (1.5% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1966 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
9. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
10. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.14% ✓
• Cap rate: 4.11%
• Cash-on-cash: -7.79%
• DSCR: 0.65
• GRM: 7.3

CMA / ARV

• ARV (median comp): $477,223
• List price: $263,000
• Delta: -45.52%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -29.5%
• Equity multiple: 0.02×
• Total profit: $-72,385
• Equity at exit: $39,214

10-year hold

• IRR: -28.7%
• Equity multiple: -0.35×
• Total profit: $-99,478
• Equity at exit: $22,739

Cash invested: $73,640 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 11550

• Active inventory: 167
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $3,002 high
• Mortgage (P&I): −$1,379
• Tax est. 1.5%: −$329 /mo · $3,945/yr
• Insurance: −$110
• HOA est. from 2 same-building comps: −$1,032
• Vacancy / Maint / Mgmt: −$630
• Net cashflow: $-478

Break-even live

Break-even rent $3,607

Max offer price $193,824

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $65,750
• Closing costs: $7,890
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20 Wendell St Apt 11A Hempstead, NY	2.0	1.0	800	$2,950	$3.69	13d	1	0.03mi
303 Main St Hempstead, NY	1.0–2.0	1.0–2.0	1029	$3,389	$3.29	1d	7	0.27mi
36 Hilton Ave Unit 306 Hempstead, NY	1.0	1.0	1003	$2,350	$2.34	15d	1	0.40mi
343 Jackson St Unit 1 Hempstead, NY	2.0	2.0	1000	$3,300	$3.30	43d	1	0.74mi
343 Jackson St Unit 3 Hempstead, NY	2.0	1.5	1000	$3,300	$3.30	24d	1	0.74mi
111 Hempstead Tpke West Hempstead, NY	3.0	1.0–2.5	1226	$4,301	$3.51	1d	87	0.86mi
130 Hempstead Ave West Hempstead, NY	1.0–3.0	1.0–2.0	1113	$3,547	$3.19	1d	6	0.93mi
365 Stewart Ave Garden City, NY	1.0–2.0	1.0–2.0	1034	$3,220	$3.11	1d	1	0.94mi
457 Front St Hempstead, NY	1.0	1.0	700	$2,352	$3.36	43d	1	0.98mi
254 Stewart Ave Unit 2C Hempstead, NY	1.0	1.0	800	$2,350	$2.94	2d	1	1.00mi
23 Maple Ave Hempstead, NY	2.0	1.0	650	$3,000	$4.62	19d	1	1.04mi
539 Front St Hempstead, NY	2.0	1.0	850	$3,200	$3.76	22d	1	1.10mi
196 S Franklin St Hempstead, NY	2.0	1.0	600	$3,200	$5.33	43d	1	1.14mi
34 Elizabeth Ave Hempstead, NY	1.0	1.0	900	$2,300	$2.56	17d	1	1.24mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: security
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 22 events

1. 2026-06-18
   days on market $263,000 Active 22 DOM
2. 2026-06-17
   days on market $263,000 Active 21 DOM
3. 2026-06-16
   days on market $263,000 Active 20 DOM
4. 2026-06-15
   days on market $263,000 Active 19 DOM
5. 2026-06-13
   days on market $263,000 Active 17 DOM
6. 2026-06-13
   days on market $263,000 Active 16 DOM
7. 2026-06-09
   days on market $263,000 Active 13 DOM
8. 2026-06-08
   days on market $263,000 Active 12 DOM
9. 2026-06-07
   days on market $263,000 Active 11 DOM
10. 2026-06-04
    days on market $263,000 Active 8 DOM
11. 2026-06-03
    days on market $263,000 Active 7 DOM
12. 2026-06-02
    days on market $263,000 Active 6 DOM
13. 2026-06-01
    days on market $263,000 Active 5 DOM
14. 2026-05-31
    days on market $263,000 Active 4 DOM
15. 2026-04-13
    price $260,000 1318-char remark

    Show marketing remark (1318 chars)

    Welcome to 20 Wendell Street, Unit 39C—a bright and modern one-bedroom residence located in a quiet, well-maintained building in the heart of Hempstead. The inviting exterior and secure entrance lead you into a community that values comfort and convenience, complete with overnight security and pristine common areas. Inside, this thoughtfully updated home features newly installed recessed lighting throughout and smart light switches that allow you to control illumination right from your phone. The spacious living area showcases modern luxury vinyl flooring with the original hardwood preserved beneath, offering both style and durability. The enclosed private balcony, equipped with heating, extends your living space year-round—perfect for relaxing or entertaining. The kitchen and bathroom are designed with functionality in mind, complemented by bright finishes and ample storage. Residents enjoy the ease of laundry facilities within the building and an on-site mailroom for secure package deliveries. Conveniently situated near public transportation, shops, dining, and parks, this location places everything at your fingertips—including Roosevelt Field Mall just 8 minutes away. Experience the perfect blend of comfort, technology, and accessibility in this move-in-ready Hempstead gem.

16. 2026-04-07
    status Active 1318-char remark

    Show marketing remark (1318 chars)

    Welcome to 20 Wendell Street, Unit 39C—a bright and modern one-bedroom residence located in a quiet, well-maintained building in the heart of Hempstead. The inviting exterior and secure entrance lead you into a community that values comfort and convenience, complete with overnight security and pristine common areas. Inside, this thoughtfully updated home features newly installed recessed lighting throughout and smart light switches that allow you to control illumination right from your phone. The spacious living area showcases modern luxury vinyl flooring with the original hardwood preserved beneath, offering both style and durability. The enclosed private balcony, equipped with heating, extends your living space year-round—perfect for relaxing or entertaining. The kitchen and bathroom are designed with functionality in mind, complemented by bright finishes and ample storage. Residents enjoy the ease of laundry facilities within the building and an on-site mailroom for secure package deliveries. Conveniently situated near public transportation, shops, dining, and parks, this location places everything at your fingertips—including Roosevelt Field Mall just 8 minutes away. Experience the perfect blend of comfort, technology, and accessibility in this move-in-ready Hempstead gem.

17. 2026-01-07
    price $279,000 1318-char remark

    Show marketing remark (1318 chars)

    Welcome to 20 Wendell Street, Unit 39C—a bright and modern one-bedroom residence located in a quiet, well-maintained building in the heart of Hempstead. The inviting exterior and secure entrance lead you into a community that values comfort and convenience, complete with overnight security and pristine common areas. Inside, this thoughtfully updated home features newly installed recessed lighting throughout and smart light switches that allow you to control illumination right from your phone. The spacious living area showcases modern luxury vinyl flooring with the original hardwood preserved beneath, offering both style and durability. The enclosed private balcony, equipped with heating, extends your living space year-round—perfect for relaxing or entertaining. The kitchen and bathroom are designed with functionality in mind, complemented by bright finishes and ample storage. Residents enjoy the ease of laundry facilities within the building and an on-site mailroom for secure package deliveries. Conveniently situated near public transportation, shops, dining, and parks, this location places everything at your fingertips—including Roosevelt Field Mall just 8 minutes away. Experience the perfect blend of comfort, technology, and accessibility in this move-in-ready Hempstead gem.

18. 2025-12-02
    price $284,999 1318-char remark

    Show marketing remark (1318 chars)

    Welcome to 20 Wendell Street, Unit 39C—a bright and modern one-bedroom residence located in a quiet, well-maintained building in the heart of Hempstead. The inviting exterior and secure entrance lead you into a community that values comfort and convenience, complete with overnight security and pristine common areas. Inside, this thoughtfully updated home features newly installed recessed lighting throughout and smart light switches that allow you to control illumination right from your phone. The spacious living area showcases modern luxury vinyl flooring with the original hardwood preserved beneath, offering both style and durability. The enclosed private balcony, equipped with heating, extends your living space year-round—perfect for relaxing or entertaining. The kitchen and bathroom are designed with functionality in mind, complemented by bright finishes and ample storage. Residents enjoy the ease of laundry facilities within the building and an on-site mailroom for secure package deliveries. Conveniently situated near public transportation, shops, dining, and parks, this location places everything at your fingertips—including Roosevelt Field Mall just 8 minutes away. Experience the perfect blend of comfort, technology, and accessibility in this move-in-ready Hempstead gem.

19. 2025-10-29
    listed $299,999 Active 1318-char remark

    Show marketing remark (1318 chars)

    Welcome to 20 Wendell Street, Unit 39C—a bright and modern one-bedroom residence located in a quiet, well-maintained building in the heart of Hempstead. The inviting exterior and secure entrance lead you into a community that values comfort and convenience, complete with overnight security and pristine common areas. Inside, this thoughtfully updated home features newly installed recessed lighting throughout and smart light switches that allow you to control illumination right from your phone. The spacious living area showcases modern luxury vinyl flooring with the original hardwood preserved beneath, offering both style and durability. The enclosed private balcony, equipped with heating, extends your living space year-round—perfect for relaxing or entertaining. The kitchen and bathroom are designed with functionality in mind, complemented by bright finishes and ample storage. Residents enjoy the ease of laundry facilities within the building and an on-site mailroom for secure package deliveries. Conveniently situated near public transportation, shops, dining, and parks, this location places everything at your fingertips—including Roosevelt Field Mall just 8 minutes away. Experience the perfect blend of comfort, technology, and accessibility in this move-in-ready Hempstead gem.

20. 2024-03-06
    soldstatus $190,000 Closed 543-char remark

    Show marketing remark (543 chars)

    Welcome to this spacious one-bedroom apartment featuring kitchen, living room and dining area too, Private Large balcony-they have made it a real Oasis, large bedroom, new kitchen, hardwood floors throughout, this building offers on site parking, off street parking, recently updated laundry room, updated lobby. Maintenance includes one parking space, $702.93. Come make this your home, why rent when you can own and be a block away from Garden City, LIRR, Restaurants, Shopping and Much More?!, Additional information: Appearance:Excellent

21. 2023-12-18
    status Pending 543-char remark

    Show marketing remark (543 chars)

    Welcome to this spacious one-bedroom apartment featuring kitchen, living room and dining area too, Private Large balcony-they have made it a real Oasis, large bedroom, new kitchen, hardwood floors throughout, this building offers on site parking, off street parking, recently updated laundry room, updated lobby. Maintenance includes one parking space, $702.93. Come make this your home, why rent when you can own and be a block away from Garden City, LIRR, Restaurants, Shopping and Much More?!, Additional information: Appearance:Excellent

22. 2023-10-11
    listed $189,999 Active 543-char remark

    Show marketing remark (543 chars)

    Welcome to this spacious one-bedroom apartment featuring kitchen, living room and dining area too, Private Large balcony-they have made it a real Oasis, large bedroom, new kitchen, hardwood floors throughout, this building offers on site parking, off street parking, recently updated laundry room, updated lobby. Maintenance includes one parking space, $702.93. Come make this your home, why rent when you can own and be a block away from Garden City, LIRR, Restaurants, Shopping and Much More?!, Additional information: Appearance:Excellent

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (unshaded) · 74% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 51% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $36,022
• − Mortgage interest: −$14,732
• − Property taxes: −$3,945
• − Insurance: −$1,315
• − Repairs & maintenance: −$2,882
• − Management: −$2,882
• − HOA: −$12,384
• − Depreciation: −$7,651
• Taxable loss: −$9,768
• Est. tax savings @ 24.0%: +$2,344
• After-tax cash flow: $-3,392/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hempstead Union Free School District
• NCES district ID: 3614130
• Math proficiency: 27% ▼ -4.00%
• Reading proficiency: 38% ▲ 5.00%
• Median HH income: $48,774
• Composite: 28.12/100
• National rank: #6821
• State rank: #567 of 590 in NY

Livability — Hempstead

• Score: 79/100
• State rank: #123
• US rank: #2002

Category grades

Amenities A+ Commute A+ Cost of living F Crime C- Employment A- Housing A- Health & safety A User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hempstead, NY
• County: Nassau County · 653,051 people
• City population: 60,960
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 60,960
• Household income: $92,677
• Rent vs Own: 50.3% rent · 49.7% own
• Severe rent burden: 2535.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: Hispanic / Latino 44% Black 43% Two or more races 14% White 7% Asian 2%
• Hispanic origin (detail): Mexican 1% Puerto Rican 3% Dominican 4%
• Common ancestry: Hispanic 4%
• Foreign-born: 37% · Canada, Jamaica
• Languages at home: 53% English-only · Spanish 40% French/Haitian/Cajun 4% Other Indo-European 1%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -297.72%
• Current HPI: 339.055
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+36.8% since first listed

8 events — show timeline

• 2026-04-13 Price Changed $260,000 OneKey® MLS as Distributed by MLS Grid
• 2026-04-07 Relisted — OneKey® MLS as Distributed by MLS Grid
• 2026-01-07 Price Changed $279,000 OneKey® MLS as Distributed by MLS Grid
• 2025-12-02 Price Changed $284,999 OneKey® MLS as Distributed by MLS Grid
• 2025-10-29 Listed $299,999 OneKey® MLS as Distributed by MLS Grid
• 2024-03-06 Sold (MLS) $190,000 OneKey® MLS as Distributed by MLS Grid
• 2023-12-18 Pending — OneKey® MLS as Distributed by MLS Grid
• 2023-10-11 Listed $189,999 OneKey® MLS as Distributed by MLS Grid