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    Retail Property on Front Street Title is generated by Realmo AI

    238 Front St, Hempstead, NY

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    Retail property with high traffic and on-site parking.

    Type:RETAIL
    Property size:
    15,128 SF
    Lot size:
    0.31 Acres
    Price / SF:
    $380/SF
    Added:
    Nov 12, 2025
    Days on Market:
    214
    Last Refresh:
    May 20 at 9:56 pm

    Property Features for 238 Front St

    General Information

    Standard status
    Active
    Size
    15,128 SF
    Lot size
    0.31 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Ron Koenigsberg
    Ron Koenigsberg

    Listing agent Ron Koenigsberg

    Listing office American Investment Properties, Inc.

    Listing date Nov 12, 2025

    Source Moodyscre

    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 American Investment Properties, Inc.

    HighLights

    • High traffic counts: 21,870 cars per day.
    • 127 feet of frontage on Front St.
    • On‑site parking with 17 spaces.
    • On the corner of a signalized intersection.
    • Tenants pay for their own utilities.

    Overview

    This retail property features 127 feet of frontage on Front Street. It benefits from high traffic counts, with 21,870 cars per day. On-site parking is available with 17 spaces. The property is located on the corner of a signalized intersection. Tenants are responsible for their own utilities. The property has a size of 15,128 square feet.

    Local Financial Insights For Retail

    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 $453.8k $30.00
    − Vacancy −$25.9k −$1.71
    EGI $428.0k $28.29
    − OpEx −$128.4k −$8.49
    NOI $299.6k $19.80
    15,128 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $4.28M
    $3.74M – $4.99M (±1% cap)
    NOI $299,580 @ 7.0% cap · market cap 5.21%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $10.00M
    $8.75M – $11.67M (±1% cap)
    NOI $700,162 @ 7.0% cap · market cap 12.18%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Randy Style Barber ... Barber Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Dunamis Decorations — 389 Peninsula Blvd A, Hempstead, NY 11550
    • Dd Florist — Hempstead, NY 11550
    • FLOWERS BY MANNY — 4 Main St, Hempstead, NY 11550
    • Fulton Florist & Party Supplies — 393B Fulton Ave, Hempstead, NY 11550
    • Stop & Shop Florist — 132 Fulton Ave, Hempstead, NY 11550

    Location Insight

    • Map
    • Local Demand
    City
    Hempstead
    County
    Nassau
    State
    New York
    Longitude
    -73.6264
    Latitude
    40.7053

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    FAQs

    What type of property is this?
    Storefront property - Retail property with high traffic and on-site parking.
    Where is this storefront property located?
    The property is located at 238 Front St Hempstead, NY.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: High traffic counts: 21,870 cars per day.; 127 feet of frontage on Front St.; On‑site parking with 17 spaces.
    (516) 993-7252 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ron Koenigsberg
    Ron Koenigsberg
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