Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    555 Greenwich Street Hempstead, NY 11550

    View on Map
    For Sale
    $398,000

    SINGLE_FAMILY - Hempstead, NY

    Type:Retail
    Lot size:
    0.48 Acres
    Added:
    Sep 30, 2025
    Days on Market:
    184
    Last Refresh:
    Apr 1 at 10:06 am

    Property Features for 555 Greenwich Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Parking
    25
    Parking features
    Parking Lot
    Standard status
    Active
    APN
    2013-36-106-00-0733-0
    Lot size
    0.48 Acres

    Taxes and HOA fees

    TaxYear
    2025

    Utilities

    Utilities
    Electricity Available
    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1967

    We can help!

    Listing Contact
    Kit L. Leung

    Listing agent Kit L. Leung License #10401321356

    Listing office B Square Realty 13620 38th Ave Ste 3E, Flushing, NY

    Listing date Sep 30, 2025

    MLS# 921078

    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

    Retail Opportunity in Hempstead, NY

    This property presents an excellent business opportunity in a prime retail area of Hempstead, New York. The high-visibility storefront benefits from steady neighborhood traffic, a loyal customer base, and strong daily customer flow. The property includes a spacious retail area and an ample parking lot. The business specializes in a wide range of discount home-improvement and household items, including tools, chargers, vacuums, ladders, lamps, heaters, humidifiers, fans, air conditioners, refrigerators, furniture, lighting, holiday decor, and essential hardware supplies. Situated on a lot of 0.4784 acres in Nassau County, this location is suitable for an owner-user or investor looking to operate or expand a general merchandise, hardware, or appliance business in a thriving commercial area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dollar Tree Discount Store Amazon Locker - Itsaso Courier Service Dreamy Desserts Bakery Bakery

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6063038
    Latitude
    40.6956415

    Nearby Similar for Sale

    • $375,000

      Professional Office Condominium in Hempstead

      2,338 sq. ft. office condo with versatile layout.
      230 Hilton Avenue unit: 107,108,109, Hempstead, NY 11550
      View Details
    • $695,000

      Hempstead Multi-Family Investment Opportunity

      Legal two-family home with reliable rental history and Section 8 approval.
      3840 Linden Place, Hempstead, NY 11550
      View Details
    • $1,399,999

      Hempstead Multifamily Investment Opportunity

      Tenant-occupied four-unit property with recent renovations and updated utilities.
      22 Virginia Avenue, Hempstead, NY 11550
      View Details
    • $925,000

      Income-Generating Mixed-Use Property

      Commercial property with storefront, apartments, and income potential.
      171 S Franklin Street, Hempstead, NY 11550
      View Details
    • $300,000
      2,850 SF

      Pizzeria and Convenience Store Opportunity

      Established pizzeria and convenience store with real estate and equipment.
      5946 Lakeshore Road, Lake View, NY 14085
      View Details
    • $1,399,000

      Renovated Four-Family Home

      Legal four-family home in Hempstead, recently renovated.
      136 Fairview Boulevard, Hempstead, NY 11550
      View Details
    • $2,150,000
      6,510 SF

      Commercial Property on High Visibility Street

      Commercial property for sale on a busy, high-visibility street.
      154 Front St, Hempstead, NY 11550
      View Details
    • $99,000

      Turnkey Restaurant Business For Sale

      Quick-serve restaurant in vibrant Rockville Centre, near LIRR station.
      1 N Park Avenue, Hempstead, NY 11570
      View Details
    • $915,000
      4,000 SF

      High-Visibility Commercial Building For Sale

      Prime commercial property with high traffic exposure, ideal for business.
      1614 Grand Avenue, Hempstead, NY 11510
      View Details
    • $829,000

      Legal 3-Family Tudor in Hempstead

      Legal 3-family property near Hofstra, LIRR, and highways.
      22 Fairview Blvd, Hempstead, NY 11550
      View Details
    • $5,750,000
      15,128 SF

      Retail Property on Front Street

      Retail property with high traffic and on-site parking.
      238 Front St, Hempstead, NY
      View Details
    • $375,000
      2,338 SF

      Hempstead Professional Office Condominium

      2,338 sq ft office condo with versatile layout.
      230 Hilton Ave, Hempstead, NY 11550
      View Details

    FAQs

    What type of property is this?
    Retail space - High-visibility storefront in a prime retail area with ample parking.
    Where is this retail space located?
    The property is located at 555 Greenwich Street Hempstead, NY.
    What is the asking price?
    The asking price for this property is $398,000.
    What are key features of this property?
    This property features: Prime retail location in Hempstead with high visibility and steady neighborhood traffic.; Established business with a loyal customer base and strong daily customer flow.; Spacious retail area with an ample parking lot.
    (917) 293-3623
    We can help!
    Listing Contact
    Kit L. Leung
    Real Estate License ID: 10401321356
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!