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91 N Franklin St
Hempstead, NY 11550
Income Producing Value-Add Office LI · Office Property For Sale
Investment Highlights
- 91 N Franklin Street consists of a 38,000-SF modern office with 19 flexible suites 86% occupied by a diverse and performing tenant mix.
- 17 circuit breakers installed, future owner can install meters, so that tenants can take over the utilities, saving ~$60,000 annually.
- Best-in-class local workforce pipeline, with three universities and a combined enrollment of approximately 25,000 students within just 10 minutes.
- Significant rental upside to bring rates in line with the submarket average, currently at an all-time high of approximately $33 per square foot.
- 91 N Franklin Street has easy access to the Roosevelt Field Mall, Jones Beach State Park, and Hempstead Golf and Country Club.
Property Facts
Property Type
Office
Building Size
38,000 SF
Building Class
B
Year Built/Renovated
1968/2008
Percent Leased
89%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
12,667 SF
Slab To Slab
11’
Building FAR
1.74
Lot Size
0.50 AC
Parking
41 Spaces (1.08 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Atrium
- Security System
- Central Heating
- High Ceilings
- Natural Light
- Wi-Fi
Property Taxes
| Parcel Numbers | Improvements Assessment | $158,569 | |
| Land Assessment | $18,996 | Total Assessment | $177,565 |
Property Taxes
Parcel Numbers
Land Assessment
$18,996
Improvements Assessment
$158,569
Total Assessment
$177,565
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