Fully Renovated Office
230 Hilton Ave 15 Hempstead, NY 11550
New
230 Hilton Ave 15, Hempstead, NY, 11550
$149,000
For Sale
$149,000
Lower-level professional office condo features a reception area and one office within a full-service building.
Property Size564 SF
Price / SF$264.18
Days on Market5
Property Features for 230 Hilton Ave 15
General Information
- Standard status
- Active
- Size
- 564 SF
- Property subtype
- Commercial
Listing Agency
Realty Connect USA
(516) 225-9877
Listed by
Simran Bajaj
(516) 225-9877
Source
Elliman
Added: Jul 12 Checked: Jul 16 at 4:02 am
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 Realty Connect USA
Investment Insights
Based on property information with market context.
Approximately 564 sq ft lower-level, fully renovated professional office condominium in a full-service building with elevators and 24/7 hours security. The unit includes a waiting room/reception area and a dedicated office. A common conference room is available on the same floor.
Condo ownership includes low monthly maintenance of $464, which the remarks state covers security, landscaping, building maintenance, heating, water, insurance, and sewer. The property offers plenty of parking and is located in Hempstead on the border of Garden City Village.
The remarks further note the location is approximately 0.9 mile to the Garden City LIRR Train Station.
Condo ownership includes low monthly maintenance of $464, which the remarks state covers security, landscaping, building maintenance, heating, water, insurance, and sewer. The property offers plenty of parking and is located in Hempstead on the border of Garden City Village.
The remarks further note the location is approximately 0.9 mile to the Garden City LIRR Train Station.
Key Highlights
- Approximately 564 sq ft lower‑level fully renovated professional office condo
- Includes a waiting room/reception area plus one office
- Full‑service building with elevators and 24/7 security
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.8k | $27.96 |
| − Vacancy | −$2.8k | −$5.03 |
| EGI | $12.9k | $22.93 |
| − OpEx | −$3.2k | −$5.73 |
| NOI | $9.7k | $17.20 |
564 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$138.5K
$121.2K – $161.6K
NOI $9,698 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$372.9K
$326.3K – $435.1K
NOI $26,103 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
JE Lund Jewelers
(Bike/Boat/Book/etc) Store
Melissa A. Nocella, PA
Medical Clinic
Coalition Wellness Center
Medical Clinic
Clark & Amadio PC
Law Firm
Cobert Banking Courier ...
Bank
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FAQs
What type of property is this?
Office units - Lower-level professional office condo features a reception area and one office within a full-service building.
Where is this office units located?
The property is located at 230 Hilton Ave 15 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 564 sq ft lower‑level fully renovated professional office condo; Includes a waiting room/reception area plus one office; Full‑service building with elevators and 24/7 security
