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Listed price in listed location currency (USD).
$879,000
$879,000

002

MLS® 805779

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $37,660
Approx. Age 
MLS® Number 805779

Property Address: 229 S Franklin St, Hempstead, NY, 11550

Average square foot calculated using Size range provided by listing agent.

Description

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). Also being offer : 220-228 S. Franklin (see MLS 804752). Investor can purchase either property or both.
MLS® Number805779
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

May 23, 2025End Date
$879,000Sold Price

Sold

Dec 17, 2024List Date
$879,000List Price
  • Commute

Commute

Starting Address
Destination Address
229 S Franklin St, Hempstead, NY

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