171 S Franklin Street Hempstead, NY 11550
- Added:
- Sep 11, 2025
- Days on Market:
- 231
- Last Refresh:
- Apr 29 at 9:06 pm
Property Features for 171 S Franklin Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Rooms
- Basement
- Basement
- Full
- Standard status
- Active
- APN
- 2013-34-377-00-0387-0
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 28860
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Separate Meters, Multi Units
- Water source
- Public
Building Details
- Year built
- 1926
- Number of units
- 3
- Building materials
- Cedar
Listing agent Aziz S. Qaud License #10401250846 (516) 223-1000
Listing office Keller Williams Realty Greater 400 Garden City Plz Ste 438, Garden City, NY (516) 873-7100
Listing date Sep 11, 2025
MLS# 911557
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Overview
Income-Generating Mixed-Use Property
This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli. Above the storefront are two apartments: one with two bedrooms and another with three bedrooms. The building includes a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner lot of 0.0672 acres, the property is located across from new developments, with more projects underway and a new charter school just a block away. The location is near buses, schools, and the train. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom apartment, and $2,700 for the three-bedroom apartment, with potential for increases. The basement and backyard offer additional income potential. The property is located in Hempstead, Nassau County, New York.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
La Esquina Deli ...
Grocery & Convenience Store
ATM
Atm
The Law Offices of Francis ...
Museum
Location Insight
- Map
- Local Demand
- City
- Hempstead
- County
- Nassau
- State
- New York
- Longitude
- -73.6238656
- Latitude
- 40.7000992
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Commercial property with storefront, apartments, and income potential.
Where is this mixed-use property located?
The property is located at 171 S Franklin Street Hempstead, NY.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Excellent 7.5% Cap Rate with Upside at $975,000 Asking Price; Income‑Generating Property featuring a Double Storefront and Two Apartments; Strong Rental Income: $3,952 (deli/grocery), $2,060 (2‑bed), $2,700 (3‑bed)
