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32278652
32278651

828 Hempstead Tpke, Franklin Square, NY 11010

SB
NY NY 10301217575, FL 3492916
HedgeStone Commercial
HedgeStone Commercial
Listed by HedgeStone Commercial
$1,400,000
30 days on market
Updated 30 days ago

828 Hempstead Turnpike

Details
Property Type Office
Sub Type Executive Office
Square Footage 5,000
Units 9
Cap Rate 6.12%
NOI $85,621
Tenancy Multi
Class C
Year Built 1955
Lot Size (SqFt) 8,712
Zoning Business (X)
Investment Type Owner/User

828 Hempstead Tpke, Franklin Square, NY 11010

Marketing description

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.

Conveniently situated in the vibrant community of Franklin Square, this prime location offers endless amenities and attractions for prospective office investors. The area boasts a diverse array of dining options, including local favorites like Plattduetsche Park Restaurant, perfect for business lunches and client meetings. Surrounding the location, investors will find easy access to popular retail centers and a variety of recreational parks for a refreshing break from the workday. With its close proximity to major roadways and public transportation, the area provides easy connectivity for employees and clients alike, making it an ideal choice for any office or office building investment opportunity.

Investment highlights

  • 5,000 SF Office Building
  • Ideal for Investors or Owner-Users
  • Across from Municipal Parking Lot
  • High Traffic Counts
  • Centrally located with easy access to major roadways

Listing Contacts

SB
NY NY 10301217575, FL 3492916
HedgeStone Commercial
HedgeStone Commercial
Listed by HedgeStone Commercial

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$85,621.00
$7,135.08/mo

Valuation Metrics

0
DSCR
6.12%
Cap Rate
6.12%
ROI

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Additional Information

Name
Steven Bezmen
License
NY 10301217575
Brokerage Phone
516-419-2752
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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