Multi-Suite Office
For Sale
Contact for pricing
14 Front Street, Hempstead, NY 11550
Office suites offer a mix of private offices, reception areas, and flexible configurations.
Property Size34,471 SF
Price / SF$0.00
Days on Market22
Property Features for 14 Front Street
General Information
Standard status
Active
Size
34,471 SF
Property subtype
Office
Additional Details
Condition
Turnkey
Public Transit
Yes
Property Use
Office
Amenities
high 11-foot ceilings
sun-drenched layouts with expansive windows
24/7 access
full ADA compliance
video security
Building Details
Year Built
1969
Listing Agency:
Azure Realty Group NY LLC
Listed By:
Christina M. Cricenti · License #10491209546
(347) 484-9965
Source:
Neilcharlesrealestate
Added: Oct 9
Changed: Oct 30
Last Checked: Oct 30 at 2:08AM
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 Azure Realty Group NY LLC
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Investment Insights
Based on property information with market context.
The office property contains three available suites ranging from 1,277 SF to 3,600 SF, with options to divide space down to 500 SF or combine suites. Configurations include private offices, reception areas, meeting space, a private bathroom, and a built-out kitchen. The building has 11-foot ceilings, large windows, 24/7 access, ADA compliance, video security, and a private parking lot with more than 120 spaces. The property was built in 1969 and has a reported size of 34,471 SF.
Located at 14 Front Street in Hempstead, the property is described as minutes from the LIRR and other major transit options.
Located at 14 Front Street in Hempstead, the property is described as minutes from the LIRR and other major transit options.
Key Highlights
- Three office suites available, from 1,277 SF to 3,600 SF
- Spaces can be divided to 500 SF or combined
- 11‑foot ceilings and large windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$592,743
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,854,860
$11.9M
Cap Rate 7%
$8,467,757
$8.5M
Cap Rate 9%
$6,586,033
$6.6M
Market Conditions
NOI Build-Up for 34,471 SF
Gross rent
$963.8K $27.96/SF
− Vacancy
−$173.5K −$5.03/SF
EGI
$790.3K $22.93/SF
− OpEx
−$197.6K −$5.73/SF
NOI
$592.7K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,854,860
Cap Rate 7%
$8,467,757
Cap Rate 9%
$6,586,033
Alternative Uses
Best Use
Office B
$8.47M
$7.41M – $9.88M
NOI $592,743 @ 7.0% cap · market cap 2,694,286.36%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$22.79M
$19.94M – $26.59M
NOI $1,595,404 @ 7.0% cap · market cap 7,251,836.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
946
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office suites offer a mix of private offices, reception areas, and flexible configurations.
Where is this office unit located?
The property is located at 14 Front Street Hempstead, NY.
What are key features of this property?
This property features: Three office suites available, from 1,277 SF to 3,600 SF; Spaces can be divided to 500 SF or combined; 11‑foot ceilings and large windows
