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236-242 Fulton Ave 36,000 SF 98% Leased Office Building Hempstead, NY 11550 $4,650,000 ($129.17/SF) 8% Cap Rate



Investment Highlights
- Corner positioning provides exceptional visibility and signage exposure.
- Transit-oriented asset supported by Long Island Rail Road commuters.
- Downtown Hempstead continues to see public and private investment, supporting future tenant demand.
- Strong daytime population generated by government offices, courts, transit users, healthcare workers, and surrounding businesses.
- Opportunity to increase value through active management and lease renewals.
Executive Summary
Approximately 19,277 SF consisting of street-level retail and second-floor office suites.
Direct access to municipal parking immediately behind the property.
Elevator-served building with strong visibility from multiple directions.
One of the most recognizable commercial corners in Hempstead.
Direct access to municipal parking immediately behind the property.
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- All Over Properties
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- Blue Diamond Logistics
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- Brows By Nancy LLC
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Back in 1994, Miriam Sternberg was a hospital nurse with a growing family. An immigrant from Moscow, she recognized a void that existed for many of her aging friends and neighbors and gathered a team of friends to provide home care services for them. That is how Caring Professionals began. Thr expertise and understanding of the Eastern European populations fueled their initial growth. Word of mouth spread in the Russian-speaking and Slavic communities that Caring Professionals took very good care of its patients and families recommended their services. Soon members of other communities, especially those from the Asian republics formerly within the Soviet Union, learned that they had aides who spoke their language and understood their culture. Caring Professionals became an active presence in these communities, participating in community events and providing health information and screenings at neighborhood sites.
GEM Pawnbrokers was established in 1947 by the late Martin Kaminsky and has steadily grown into the largest pawnbroker in the New York City area with twenty-four branches. The high volume of loans that GEM writes makes it one of the largest privately held chains in the nation, as well as one of the largest in the world. Gem Financial Services, Inc. was established in 1975, by Martin’s son Mitchell, as a spin-off of the successful pawn business. Today, GEM is an industry leader in financial solutions for the pawn industry, offering a variety of financing programs to match any pawnbroker’s business model.
Healthfirst began in 1993, when leading hospital systems in downstate New York formed a not-for-profit health insurance organization centered on value-based care and community needs. The company provides Medicare Advantage, Medicaid, Long-Term Care, and individual and family health plans, along with related member services and care navigation. Healthfirst’s business is built around collaboration with hospitals, health systems, and physicians, and its current offerings include no- and low-cost plans for members across New York. Recent company updates also highlight quality programs, managed care coverage, and efforts tied to preventive care and health education.
- Hempstead Snug
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- Multi Pest Corp
- Services
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People are on the move more than ever before. For a better future, for a better everyday life. With Ria, people can send money online and in person, use digital tools to find a location or track a transfer, or have a working relationship with them. Head to their money transfer site or learn more about their other services. Ria expands with more locations and new partnerships to continue serving the people who matter most- their customers With a worldwide network of locations in many countries, they continue to make the world a smaller place by closing distances between families and their loved ones through world-class money transfers. They also offer bill payment, mobile top-ups, prepaid debit cards, check cashing, and money orders. With every service that they provide, work hard to provide the most positive experience possible.
- Zoni Language Services
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| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| All Over Properties | - | - | - | - | - | |
| Blue Diamond Logistics | - | - | - | - | - | |
| Brows By Nancy LLC | - | - | - | - | - | |
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Health Care and Social Assistance | - | - | - | - | |
|
Retailer | - | - | Modified Gross | Jan 2019 | |
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Finance and Insurance | - | - | - | - | |
| Hempstead Snug | - | - | - | - | - | |
| Multi Pest Corp | Services | - | - | - | - | |
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Finance and Insurance | - | - | - | - | |
| Zoni Language Services | - | - | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Office space for lease on Fulton Ave.
| Space | Size | Space Use | Build-Out | Available |
| 1st Fl-Ste 213 | 800 SF | Office | Full Build-Out | Now |
1st Fl-Ste 213
| Size |
| 800 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Fl-Ste 213
| Size | 800 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Office space for lease on Fulton Ave.
Property Taxes
| Parcel Number | 2013-34-339-00-0101-0 | Improvements Assessment | $16,422 |
| Land Assessment | $2,719 | Total Assessment | $19,141 |
Property Taxes
Presented by
236-242 Fulton Ave
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