Retail Building in Hempstead, NY


Executive Summary:

Price: $3,400,000
Building Size: 6,834 SF
Property Type: Retail
Lot Size: 0.24 Acres
Year Built: 1928
Cap Rate: 5.94%
NOI: $202,064
255 Fulton Ave, Hempstead, NY 11550

Investment Highlights

  • Fully-Occupied Retail Building in Hempstead, NY
  • Municipal Parking Lot Adjacent to the Building
  • Great Investment Opportunity
  • Surrounded by Various Neighborhood Retail & Amenities
  • Located Near Various Ways of Transportation such as Clinton St, Franklin Ave, Peninsula Blvd, the West Hempstead LIRR, the Hempstead Gardens LIRR, & Various Bus Lines such as MMCS, n16, n6, n15 & More

Investment Summary

American Investment Properties is retained to sell the property located at 255 Fulton Ave, Hempstead. At this location is a fully-occupied retail building with 4 tenants. There is a municipal parking lot located adjacent to the property. This property is surrounded by various neighborhood retail, amenities, and various ways of transportation.

About Hempstead, NY

The Town of Hempstead is among the three towns known as civil townships located in Nassau County, Long Island, New York. There is a total of twenty-two incorporated villages completely or partially in the town. Hempstead has a number of institutions of higher learning such as Hofstra University, New York University and Nassau Community College and more. The Town of Hempstead Department of Parks and Recreation is one of the largest municipal park systems in the United States. It has a total of 65 parks and marinas that offer numerous activities for all ages including sports, cultural arts, concerts, aquatics, and recreation.

The Town of Hempstead is the largest township in the United States, having not only the 22 incorporated villages, but over 65 parks and marinas, and 2,500 miles of city, county, state, and federal roads. With more than twenty-five museums and historical sites located in the town, the Cradle of Aviation Museum, is most popular. The Cradle of Aviation is a state-of-the-art facility with a collection of more than 70 aircraft and spacecraft that immerses visitors in the history of aviation. There is also a sanctuary that offers some of the finest wildlife and nature areas in the country. The town’s greatest resource is its proximity to the Atlantic Ocean. Among the miles of pristine beaches in the Town of Hempstead, lies the famous Jones Beach where over eight million people visit each year.

Contact Broker

Rae Arora, Investment Sales Associate

Rae Arora
Sales Associate

[email protected]
(O) 516.393.2300
(C) 347.230.2300

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
[email protected]
(O) 516.393.2300
(F) 516.390.5780

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