Renovated Office
15-230 Hilton Ave, Hempstead, NY 11550
For Sale
$149,000
Pending
Lower-level suite with reception, private office, elevator access, and a shared conference room.
Property Size412 SF
Days on Market125
Property Features for 15-230 Hilton Ave
General Information
Standard status
Size
Elevators
Additional Details
Floor
HOA Fee
Public Transit
Taxes and HOA fees
Annual Taxes
Amenities
Security
Cellphone App Video Intercom System
Common Conference room
Listing Agency:
BH&G R E Realty Connect
(516) 714-3606
Listed By:
Manmeet S. Bajaj
(516) 675-8000
Source:
Exprealty
Added: Jul 9
Changed: Oct 26
Last Checked: Nov 8 at 6:46AM
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 BH&G R E Realty Connect
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 412-square-foot lower-level office condominium has been fully renovated and arranged with a waiting and reception area plus a dedicated office. The unit is located within a building offering elevator service, security, and a cellphone app-based video intercom system. A shared conference room is available on the same floor.
Building services include landscaping, maintenance, heating, water, and sewer. The property includes access to parking and is positioned 0.9 mile from the Garden City LIRR Train Station, near the border of Garden City Village in Hempstead.
Building services include landscaping, maintenance, heating, water, and sewer. The property includes access to parking and is positioned 0.9 mile from the Garden City LIRR Train Station, near the border of Garden City Village in Hempstead.
Key Highlights
- Approximately 412 sq ft of renovated lower‑level office space
- Waiting room and reception area with a separate office
- Elevator building with security and cellphone app video intercom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,085
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$141,700
$141.7K
Cap Rate 7%
$101,214
$101.2K
Cap Rate 9%
$78,722
$78.7K
Market Conditions
NOI Build-Up for 412 SF
Gross rent
$11.5K $27.96/SF
− Vacancy
−$2.1K −$5.03/SF
EGI
$9.4K $22.93/SF
− OpEx
−$2.4K −$5.73/SF
NOI
$7.1K $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%
$141,700
Cap Rate 7%
$101,214
Cap Rate 9%
$78,722
Alternative Uses
Best Use
Office B
$101.2K
$88.6K – $118.1K
NOI $7,085 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$272.4K
$238.4K – $317.8K
NOI $19,068 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,715
Businesses Nearby
Explore this area
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
$446,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Hempstead, NY
Properties on Market for Office Units in Hempstead
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Lower-level suite with reception, private office, elevator access, and a shared conference room.
Where is this office unit located?
The property is located at 15-230 Hilton Ave Hempstead, NY.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: Approximately 412 sq ft of renovated lower‑level office space; Waiting room and reception area with a separate office; Elevator building with security and cellphone app video intercom
