Income-Generating Mixed-Use Property

171 S Franklin Street, Hempstead, NY 11550

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For Sale

$925,000

MULTI_FAMILY - Hempstead, NY

Lot size:

0.07 Acres

HighLights

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)
New Roof with Warranty and Upgraded 200‑amp Electric
Prime Corner Location across from New Developments and Near Transportation
Basement and Backyard offer Additional Income Potential

We can help!

Listing Contact

Aziz S. Qaud

For Sale

$925,000

MULTI_FAMILY - Hempstead, NY

Lot size:

0.07 Acres

Added:: Sep 11, 2025
Days on Market:: 277
Last Refresh:: Jun 14 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: Multi Units, Separate Meters
Water source: Public

Building Details

Year built: 1926
Number of units: 3
Building materials: Cedar

We can help!

Listing Contact

Aziz S. Qaud

Listing agent Aziz S. Qaud License #10401250846

Listing office Keller Williams Realty Greater 400 Garden City Plz Ste 438, Garden City, NY

Listing date Sep 11, 2025

MLS# 911557

HighLights

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)
New Roof with Warranty and Upgraded 200‑amp Electric
Prime Corner Location across from New Developments and Near Transportation
Basement and Backyard offer Additional Income Potential

Overview

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 Location Intelligence

Current Use by Public Records

La Esquina Deli ... Grocery & Convenience Store ATM Atm The Law Offices of Francis ... Museum

Suggested Use

Location Insight

Map
Local Demand

City: Hempstead
County: Nassau
State: New York
Longitude: -73.6238656
Latitude: 40.7000992

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For sale
Mixed-use properties
NY
Hempstead
11550
171 S Franklin Street

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)

171 S Franklin Street, Hempstead, NY 11550

MULTI_FAMILY - Hempstead, NY

Property Features for 171 S Franklin Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Medical Office Condominium with Exam Rooms

Established Hempstead Convenience Store Opportunity

Hempstead Medical/Professional Office Space

Commercial Office Space For Sale

Hempstead Multifamily Investment Opportunity

Hempstead Multifamily Investment Opportunity

Hempstead Two-Family Investment Opportunity

Hempstead Multifamily Handyman Special

Hempstead Medical Office Condo

Renovated Four-Family Home

Renovated Strip Mall with Parking

Professional/Medical Condo Opportunity

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