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828 Hempstead Tpke 5,000 SF 100% Leased Office Building Franklin Square, NY 11010 $1,400,000 ($280/SF) 6.12% Cap Rate
Executive Summary
Positioned along the highly trafficked corridor of Hempstead Turnpike, 828 Hempstead Tpke presents a rare opportunity to acquire a ±5,000 SF multi-tenant office building in the heart of Franklin Square, NY. The property is configured with nine (9) office suites, offering a diversified income stream and flexibility for both investors and owner-users.
Strategically located directly across from a large municipal parking lot, the building benefits from strong accessibility and convenience for tenants and visitors alike. The Business (X) zoning allows for a wide range of professional and commercial uses, making this an ideal asset for long-term hold, repositioning, or partial owner occupancy.
With steady in-place income and upside potential through lease-up and rent optimization, this property offers investors a compelling value-add opportunity in a well-established Long Island market.
Strategically located directly across from a large municipal parking lot, the building benefits from strong accessibility and convenience for tenants and visitors alike. The Business (X) zoning allows for a wide range of professional and commercial uses, making this an ideal asset for long-term hold, repositioning, or partial owner occupancy.
With steady in-place income and upside potential through lease-up and rent optimization, this property offers investors a compelling value-add opportunity in a well-established Long Island market.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
5,000 SF
Building Class
C
Year Built
1955
Price
$1,400,000
Price Per SF
$280
Cap Rate
6.12%
NOI
$85,621
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
5,000 SF
Slab To Slab
11’
Building FAR
0.57
Lot Size
0.20 AC
Zoning
Business (X) - Business (X)
Parking
300 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Security System
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Beltone Hearing
- -
- -
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$9.99
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Lorem Ipsum
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Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Beltone Hearing | - | - | $9.99 | Lorem Ipsum | Jan 0000 |
1 1
Moderately walkable
70/100
Fairly drivable
40/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 2089-33-435-00-0001-0 | Improvements Assessment | $5,321 |
| Land Assessment | $2,747 | Total Assessment | $8,068 |
Property Taxes
Parcel Number
2089-33-435-00-0001-0
Land Assessment
$2,747
Improvements Assessment
$5,321
Total Assessment
$8,068
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828 Hempstead Tpke
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