Log In/Sign Up
Your email has been sent.
1155-1157 Hempstead Tpke 8,400 SF 100% Leased Retail Building Franklin Square, NY 11010 $1,495,000 ($177.98/SF) 4.65% Cap Rate
Investment Highlights
- Great Corner Visibility
- Over 770,000 Residents Live Within A 5 Mile Radius
- Over 31,000 Cars Pass The Site Daily
- Low Per Square Foot Sale Price & Low Per Square Foot Taxes
- Median Household Income Levels Above $127,000 Annually
- NOI DOES NOT INCLUDE ANY MONEY FOR THE VACANCY
Executive Summary
This investment deal presents both an investor and owner / occupant the ability to rent out the prime corner store. The asking rent on the 2,354 square foot corner store is $28.50 per square foot net, which would yield an additional $67,000.00 to the bottom line. It is priced at an unbelievably low $180.62 per square foot, even the real estate taxes are $4.48 per square foot. The roof over the retail stores was ripped up and replaced approximately 4 years ago. The 5 ton HVAC unit over the convenience store was replaced about 3 years ago. In addition, the 3 ton unit over the rear warehouse tenant was replaced last year.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
8,400 SF
Building Class
C
Year Built
1938
Price
$1,495,000
Price Per SF
$177.98
Cap Rate
4.65%
NOI
$69,553
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.71
Lot Size
0.27 AC
Zoning
(X) - Business Districts
Frontage
60’ on HEMPSTEAD TURNPIKE
Moderately walkable
60/100
Fairly drivable
40/100
Some public transit
50/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-35-039-00-0001-0 | Total Assessment | $5,625 (2026) |
| Land Assessment | $2,711 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,914 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
2089-35-039-00-0001-0
Land Assessment
$2,711 (2026)
Improvements Assessment
$2,914 (2026)
Total Assessment
$5,625 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
1155-1157 Hempstead Tpke