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229-235 S. Franklin Street Hempstead, NY 11550
$879,000
  • Commercial
  • NEW
  • Mixed Use
  • ML# 805779

Property Details

Overview

Unique investment opportunity. 1 tax lot, 2 buildings. Structure 1: 2-story Detached, Mixed-Use Retail (Deli)/Residential 3-unit above. Deli leased, expires 2031 w/ 1x5-year renewal. 3% increases, Semi-net. Tenant pays specific repairs, maintenance, utilities, liability insurance. Structure 2: Residential tenants Mo.-Mo. Stabilized Potential Gross Income: $160, 00 (with residential TLC). R.E. Taxes: $37, 660. Income and expenses (see attachment). Being offered with 220-228 S. Franklin (see MLS 804752).

Key Facts

  • Lot Sq Ft: 6639
  • Taxes: $37,660
  • Sale or Rent: Sale
  • Zoning: Business B
  • Block: 379
  • Lot: 415

Additional Features

  • Construction Materials: Brick, Clapboard
  • Parking Spaces: Yes
  • Parking Spaces: 2
  • Parking Facilities: Driveway

Interior & Utilities

  • Heat: Natural Gas
  • A/C: Individual Units
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $37,660
Listing Information provided courtesy of LAFFEY REAL ESTATE  516-482-1111
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