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236-242 Fulton Ave
Hempstead, NY 11550
Office Property For Sale
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
Prime corner mixed-use retail and office asset located at the signalized intersection of Fulton Avenue and North Franklin Street in the heart of Downtown Hempstead.
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.
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
Sale Type
Investment
Sale Conditions
Property Type
Office
Property Subtype
Building Size
36,000 SF
Building Class
C
Year Built
1938
Price
$4,650,000
Price Per SF
$129.17
Cap Rate
8%
NOI
$372,000
Percent Leased
98%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
12,250 SF
Building FAR
2.85
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
C4
Property Taxes
| Parcel Number | 2013-34-339-00-0101-0 | Improvements Assessment | $16,422 |
| Land Assessment | $2,719 | Total Assessment | $19,141 |
Property Taxes
Parcel Number
2013-34-339-00-0101-0
Land Assessment
$2,719
Improvements Assessment
$16,422
Total Assessment
$19,141
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