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Mixed-Use Ground Lease Building
For Sale
Contact for pricing
Pending

465-485 Fulton Avenue, Hempstead, NY 11550

Fully approved for a mixed-use building with retail units, apartments, and 34 parking spaces.

Property Size15,600 SF
Days on Market144

Property Features for 465-485 Fulton Avenue

General Information

Standard status Pending
Size 15,600 SF
Total Parking Spaces 34
Property subtype Special Purpose, Multifamily, Mixed Use, Retail

Additional Details

Multifamily Units 9
Listing Agency: B6 Real Estate Advisors
Listed By: Ben Efraimov · License #NY 10401249493
Source: Crexi
Added: Apr 10 Changed: Aug 13 Last Checked: Aug 29 at 4:13AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of B6 Real Estate Advisors

Investment Insights

Based on property information with market context.

This offering is fully approved by the Village Zoning Board for a mixed-use building at 465–485 Fulton Avenue. The project is designed for approximately 15,600 square feet and will include eight retail units and nine apartment units, along with 34 parking spaces.

The apartment mix consists of one studio unit and eight two-bedroom units. Six of the two-bedroom units also include additional play/storage rooms. The retail and residential components are shown on the provided floor plan (see page 3 of Setup).

The arrangement presented is for a ground lease for the property.

Key Highlights

  • Fully approved for a 15,600 SF mixed‑use building at 465–485 Fulton Avenue
  • Includes 8 retail units and 9 apartment units in the approved design
  • Apartment unit mix: 1 studio and 8 two‑bedroom units

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Real Estate Agency Gym & Fitness Center Skin Care Clinic Acupuncture (Bike/Boat/Book/etc) Store Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units

Location Intelligence

Trade Area within ½ mile

2,247
Businesses Nearby

Demographics for 11550, NY

61,901
Population
19,579
Households
3.2
Avg Household Size
36
Median Age
21%
College-Educated
77%
High-School Grad
4.2 sq mi
ZIP Area
14,738
Density / Sq Mi
$86,904
Median Household Income
$40,662
Median Earnings
$1,647
Median Rent
$446,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Fully approved for a mixed-use building with retail units, apartments, and 34 parking spaces.
Where is this mixed-use property located?
The property is located at 465-485 Fulton Avenue Hempstead, NY.
What are key features of this property?
This property features: Fully approved for a 15,600 SF mixed‑use building at 465–485 Fulton Avenue; Includes 8 retail units and 9 apartment units in the approved design; Apartment unit mix: 1 studio and 8 two‑bedroom units
More about this property
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