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33293629
33293546

236-242 Fulton Ave, Hempstead, NY 11550

AA
NY 10401386514
CM
10401375311
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd
$4,650,000
7 days on market
Updated 6 days ago
Opportunity zone

Fulton Corner | 236-242 Fulton Ave Hempstead, NY 11550

Details
Property Type Retail, Office (+1)
Sub Type Traditional Office, Medical Office (+1)
Square Footage 19,277
Cap Rate 8.00%
NOI $371,738
Occupancy 100%
Tenancy Multi
Lease Type Net
Price per SqFt $241
Buildings 1
Investment Type Stabilized
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition 1031 exchange

Retail | 8.00% CAP | 19,277 SqFt

Marketing description

Positioned on one of Nassau County's primary commercial corridors, Fulton Corner benefits from exceptional visibility, strong vehicular and pedestrian traffic, and direct access to sought-after municipal parking, making it one of the most accessible and recognizable addresses in the market.

A short walk from the Town of Hempstead Court and surrounding governmental buildings, the property is a natural home for attorneys, legal professionals, and government-related offices many of whom are already tenants. The building also hosts a hospital organization, NYS agencies, and businesses across a wide range of industries, creating a diverse and stable tenant base.

Minutes from the Hempstead LIRR station and close to Long Island's leading universities and hospitals, the property benefits from consistent commuter traffic and long-term institutional demand that supports tenant retention and leasing activity.

The asset delivers consistent in-place income from a diverse mix of retail and office tenants, minimizing vacancy risk and providing a reliable revenue stream. As Hempstead continues to attract new residential development, infrastructure investment, and increased retail activity, the property is well-positioned to benefit from rising rents and sustained long-term demand.

Investment highlights

  • Prime Corner Asset in the Heart of Hempstead - Positioned on one of Nassau County's primary commercial corridors, Fulton Corner benefits from exceptional visibility, strong vehicular and pedestrian traffic, and direct access to sought-after municipal parking — making it one of the most accessible and recognizable addresses in the market.

  • Government, Institutional & Professional Hub - A short walk from the Town of Hempstead Court and surrounding governmental buildings, the property is a natural home for attorneys, legal professionals, and government-related offices many of whom are already tenants. The building also hosts a hospital organization, NYS agencies, and businesses across a wide range of industries, creating a diverse and stable tenant base.

  • Transit-Oriented & High-Demand Location - Minutes from the Hempstead LIRR station and close to Long Island's leading universities and hospitals, the property benefits from consistent commuter traffic and long-term institutional demand that supports tenant retention and leasing activity.

  • Stabilized Cash Flow in a Growing Submarket - The asset delivers consistent in-place income from a diverse mix of retail and office tenants, minimizing vacancy risk and providing a reliable revenue stream. As Hempstead continues to attract new residential development, infrastructure investment, and increased retail activity, the property is well-positioned to benefit from rising rents and sustained long-term demand.

Listing Contacts

AA
NY 10401386514
CM
10401375311
Silber Investment Properties Ltd
Listed by Silber Investment Properties Ltd

Valuation Calculator

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$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$371,738.00
$30,978.17/mo

Valuation Metrics

0
DSCR
7.99%
Cap Rate
7.99%
ROI

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Additional Information

Name
Abraham Adjmi
License
10401386514
Brokerage
Silber Properties Ltd.
Brokerage Phone
516.864.8000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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