Retail & Office Building in Hempstead, NY

24-26 MAIN ST, HEMPSTEAD, NEW YORK 11550

Executive Summary:

Price:	$3,499,000
Building Size:	25,806 SF
Property Type:	Retail & Office
Lot Size:	0.49 Acres
Year Built:	1948
Cap Rate:	7.52%
NOI:	$262,954
Location:	24-26 Main St, Hempstead, NY 11550

Investment Highlights

For Sale: Retail & Office Building in Hempstead, NY
Nassau County Tenant is Month-to-Month
Restaurant Tenant has a Lease Expiring in 2027 with 3% Increases in Rent
Property has a Basement (Nassau County Occupied)
High Ceilings
Located Near Front St, Peninsula Blvd, Fulton Ave, and Several Other Major Roadways
Surrounded by Various National Credit Retail Tenants such as Bank of America, Harbor Freight, Bethpage Federal Credit Union, TJ Maxx, McDonald’s, Five Below, and More

Investment Summary

American Investment Properties is retained to sell the property located at 24-26 Main St, Hempstead, NY. At this location is a retail and office building that has multiple tenants. The building has a basement and high ceilings throughout. This property is also located near Front St, Peninsula Blvd, Fulton Ave, and several other major roadways.

About Hempstead, NY

The Town of Hempstead is the largest of the three towns in Nassau County (alongside North Hempstead and Oyster Bay) on Long Island, in New York, United States. The town’s combined population was 793,409 at the 2020 census, making it the most populated town in the United States, containing the majority of the population of Nassau County.

It occupies the southwestern part of the county, on the western half of Long Island. Twenty-two incorporated villages (one of which is named Hempstead) are completely or partially within the town.

If Hempstead were to be incorporated as a city, it would be the second-largest in New York, behind New York City; it is about three times the size of Buffalo, which has long been the state’s second-largest city. It would be the 18th-largest city in the country, behind San Francisco, California, and ahead of Seattle, Washington. Hempstead is thus the most populous municipality in the New York metropolitan area outside New York City.

Hofstra University’s campus is located in Hempstead.