REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 925,000
Est. payment /mo
Active
171 S Franklin ST Hempstead, NY 11550
2,927 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 911557
Rental Info No
Year Built 1926
Annual Tax Amount $28,860
Lot Size 2,927 Sqft
Acres 0.0672
Property Sub-Type Multi Family
Source onekey2
Property Description
This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above—a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it's in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sell—don't miss out!
Location
State NY
County Nassau County
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling Multi Units, Separate Meters
Fireplace No
Exterior
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Cedar
Others
Special Listing Condition None
Listed by Keller Williams Realty Greater • Aziz S. Qaud
Nearby Locations