171 S Franklin ST, Hempstead, NY 11550
171 S Franklin ST, Hempstead, NY 11550
171 S Franklin ST, Hempstead, NY 11550
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$925,000
Est. payment /mo
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2,927 Sqft Lot
Active

171 S Franklin ST Hempstead, NY 11550

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Jose Agudo

Jose Agudo

+1(917) 674-8131

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 911557

Rental Info No

Year Built 1926

Annual Tax Amount $28,860

Lot Size 2,927 Sqft

Acres 0.0672

Property Sub-Type Multi Family

Source onekey2

Property Description

This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above—a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it's in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sell—don't miss out!

Location

State NY

County Nassau County

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Multi Units, Separate Meters

Fireplace No

Exterior

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Cedar

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Keller Williams Realty Greater • Aziz S. Qaud

NEARBY SCHOOL & BUSINESS

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Jose Agudo

Jose Agudo

Agent

+1(917) 674-8131

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171 S Franklin ST

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