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Mixed-Use Asset in Five Corners

222 HEMPSTEAD Ave, Lynbrook, NY 11563

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For Sale

$1,100,000

Cash-flowing commercial mixed-use property with retail and residential units.

Type:Commercial

HighLights

Consistent cash flow with gross annual income of $102,624.
Mixed‑use property featuring ground floor retail and two updated residential units.
Long‑term, reliable tenants in place with annual leases.
Prime location at the heart of five corners with high foot traffic.
Conveniently located less than 10 minutes from multiple train stations (Lynbrook, Valley Stream, Rockville Centre, and Malverne).
Includes a well‑manicured back lawn and two dedicated parking spaces.

We can help!

Listing Contact

Anthony DiCosimo

Learn more

For Sale

$1,100,000

Cash-flowing commercial mixed-use property with retail and residential units.

Type:Commercial

Added:: Apr 24, 2026
Days on Market:: 52
Last Refresh:: Apr 24 at 8:03 pm

Property Features for 222 HEMPSTEAD Ave

General Information

Standard status: Active
Property subtype: Commercial

Building Details

Year Built: 1949

We can help!

Listing Contact

Anthony DiCosimo

Listing agent Anthony DiCosimo

Listing office Signature Premier Properties

Listing date Apr 24, 2026

Source Elliman

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 Signature Premier Properties

HighLights

Consistent cash flow with gross annual income of $102,624.
Mixed‑use property featuring ground floor retail and two updated residential units.
Long‑term, reliable tenants in place with annual leases.
Prime location at the heart of five corners with high foot traffic.
Conveniently located less than 10 minutes from multiple train stations (Lynbrook, Valley Stream, Rockville Centre, and Malverne).
Includes a well‑manicured back lawn and two dedicated parking spaces.

Overview

This commercial mixed-use asset is located in the heart of the five corners. The property features a ground floor retail space and two residential apartment units. The property also includes a well-manicured back lawn and two dedicated parking spaces. Each apartment unit is a fully updated 2-bedroom, 1-bathroom unit with annual leases in place and long-term reliable tenants. The upstairs residential tenant is paying $2,850 per month, and the first-floor residential tenant is paying $2,200 per month. The commercial tenant is in the third year of a five-year gradual rate increase lease and is currently paying $3,502 per month, bringing the gross annual income to $102,624. The commercial tenant has very consistent clientele with plenty of foot traffic and has operated a successful business out of the retail space for many years. This consistently cash-flowing property has been well-maintained and is conveniently located less than 10 minutes from the Lynbrook, Valley Stream, Rockville Centre, and Malverne train stations. The property has a bike score of 59, making it bikeable, a walk score of 73, making it very walkable, and a transit score of 30, indicating some transit options.

Location Intelligence

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Local Demand

City: Lynbrook
County: Nassau
State: New York
Longitude: -73.67081
Latitude: 40.665234

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For sale
Mixed-use properties
NY
Lynbrook
11563
222 HEMPSTEAD Ave

What type of property is this?

Mixed-use property - Cash-flowing commercial mixed-use property with retail and residential units.

Where is this mixed-use property located?

The property is located at 222 HEMPSTEAD Ave Lynbrook, NY.

What is the asking price?

The asking price for this property is $1,100,000.

What are key features of this property?

This property features: Consistent cash flow with gross annual income of $102,624.; Mixed‑use property featuring ground floor retail and two updated residential units.; Long‑term, reliable tenants in place with annual leases.