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5-15 New Hyde Park Rd Franklin Square 968-984 Hempstead Tpke 5,510 SF 100% Leased Retail Building Franklin Square, NY 11010 $6,800,000 ($1,234.12/SF) 6.54% Cap Rate
Investment Highlights
- HEAVY DAYTIME FOOT TRAFFIC
- PLENTY OF PARKING
- LONG TERM TENANTS-100% LEASED
- GOLDEN OPPORTUNITY
Executive Summary
PRIME INVESTMENT OPPORTUNITY
ALL 14 SPACES LEASED WITH LONG TERM LEASES
5 YEAR OLD ROOF
NEW FACADE
SEPARATELY METERED
NEW ELECTRIC ALL REDONE
ALL 14 SPACES LEASED WITH LONG TERM LEASES
5 YEAR OLD ROOF
NEW FACADE
SEPARATELY METERED
NEW ELECTRIC ALL REDONE
Financial Summary (Actual - 2024) 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 - 2024) 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
Property Type
Retail
Property Subtype
Storefront
Building Size
5,510 SF
Building Class
C
Year Built
1947
Price
$6,800,000
Price Per SF
$1,234.12
Cap Rate
6.54%
NOI
$444,520
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
0.52 AC
Zoning
C-1 - Commercial
Frontage
Amenities
- 24 Hour Access
- Signage
- Signalized Intersection
- Storage Space
Walk Score®
Walker's Paradise (93)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-33-395-00-0157-0 | Total Assessment | $26,819 (2025) |
| Land Assessment | $7,208 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $19,611 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
2089-33-395-00-0157-0
Land Assessment
$7,208 (2025)
Improvements Assessment
$19,611 (2025)
Total Assessment
$26,819 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Videos
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Photos
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5-15 New Hyde Park Rd Franklin Square | 968-984 Hempstead Tpke
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