MLS# 805779 - 229-235 S. Franklin Street, Hempstead, NY 11550

$879,000
Sqft lot: 6,639
Acre lot: 0.15
Est. $3,237 / mo.*
50 Days On Market
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Status: Active
Property Type: Mixed Use
Days On Website: 50

Property Details for 229-235 S. Franklin Street, Hempstead, NY 11550

Unique investment opportunity. 1 tax lot, 2 buildings. Structure 1: 2-story Detached, Mixed-Use Retail (Deli)/Residential 3-unit above. Deli leased, expires 2031 w/ 1x5-year renewal. 3% increases, Semi-net. Tenant pays specific repairs, maintenance, utilities, liability insurance. Structure 2: Residential tenants Mo.-Mo. Stabilized Potential Gross Income: $160,00 (with residential TLC). R.E. Taxes: $37,660. Income and expenses (see attachment). Also being offer : 220-228 S. Franklin (see MLS 804752). Investor can purchase either property or both.

Basement

  • Description: "Full"

Building

  • Building Area: 4428
  • Construction Materials: "Brick", "Clapboard"

Cooling

  • Details: "Individual Units"

Heating

  • Heating: "Natural Gas"

Listing

  • Days on Market: 16
  • Listing Price: 879000
  • Status: Active

Location

  • City: Hempstead
  • State: NY
  • Zip: 11550
  • County: Nassau County

Lot

  • Features: "Corner Lot"
  • Size: 6639

Parking

  • Parking Total: 2

Property

  • Zoning: Business B

Utilities

  • Sewer: "Public Sewer"
  • Water Source: "Public"
  • Utilities: "Electricity Available", "Electricity Connected", "Natural Gas Available", "Natural Gas Connected", "Sewer Available", "Sewer Connected", "Trash Collection Public", "Water Available", "Water Connected"

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$879,000 - 229-235 S. Franklin Street, Hempstead, NY 11550

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229-235 S. Franklin Street
Hempstead, NY 11550
City: Hempstead