Office Condo with Dual
For Sale
$229,888
230 Hilton Avenue #9, Hempstead, NY 11550
Accessible design and two entry points support flexible use of the suite.
Property Size611 SF
Price / SF$376.25
Days on Market153
Property Features for 230 Hilton Avenue #9
General Information
Standard status
Active
Size
611 SF
Class
B
Property subtype
Commercial
Additional Details
Property Use
Medical Office
Taxes and HOA fees
Annual Taxes
$3,186
Amenities
common conference room
private restrooms
full surveillance systems
24-hour security
handicap accessibility
24/7 access
dual entrances
Building Details
Building Size
611 SF
Buildings
1
Stories
2
Listed By:
Gail Leone
(914) 723-8228
Source:
Clairedleone
Added: May 25
Changed: Oct 23
Last Checked: Oct 23 at 5:08PM
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 Gail Leone
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office condominium at 230 Hilton Avenue #9 includes a private restroom and two entrances. The space is accessible, and occupants have access to a shared conference room. Building features include surveillance and round-the-clock security, with access available 24 hours a day.
Water, trash, heating, and cooling are included. A shared parking lot serves the property.
Water, trash, heating, and cooling are included. A shared parking lot serves the property.
Key Highlights
- Two entrances provide alternate points of access
- Accessible office suite with a private restroom
- Shared conference room available to occupants
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,506
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$210,120
$210.1K
Cap Rate 7%
$150,086
$150.1K
Cap Rate 9%
$116,733
$116.7K
Market Conditions
NOI Build-Up for 611 SF
Gross rent
$17.1K $27.96/SF
− Vacancy
−$3.1K −$5.03/SF
EGI
$14.0K $22.93/SF
− OpEx
−$3.5K −$5.73/SF
NOI
$10.5K $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%
$210,120
Cap Rate 7%
$150,086
Cap Rate 9%
$116,733
Alternative Uses
Best Use
Office B
$150.1K
$131.3K – $175.1K
NOI $10,506 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$404.0K
$353.5K – $471.3K
NOI $28,279 @ 7.0% cap · market cap 12.30%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,867
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 - Accessible design and two entry points support flexible use of the suite.
Where is this office unit located?
The property is located at 230 Hilton Avenue #9 Hempstead, NY.
What is the asking price?
The asking price for this property is $229,888.
What are key features of this property?
This property features: Two entrances provide alternate points of access; Accessible office suite with a private restroom; Shared conference room available to occupants
