27-29 Front Street, Hempstead, NY 11518
Updated first-floor commercial space with garage/warehouse and a fully rented residential component with separate access.
- Added:
- May 16, 2026
- Days on Market:
- 35
- Last Refresh:
- Jun 15 at 6:15 am
Property Features for 27-29 Front Street
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1928
Listing agent Coldwell Banker American Homes (516) 698-8890
Listing office (516) 698-8890
Listing date May 16, 2026
Source Xome
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 Coldwell Banker American Homes
HighLights
- Approx. 1,900 SF updated first‑floor commercial space with office and garage/warehouse areas
- Approx. 1,700 SF second‑floor residential apartments are fully rented and have separate access from the commercial portion
- Total income reported as $6,000/month based on provided rental information
- Commercial portion is currently owner‑occupied and is expected to be delivered vacant at closing
- Includes open parking and a level property lot
- Cooling includes central air and window/wall units; year built 1928
Overview
As presented, the commercial space is currently owner-occupied and expected to be delivered vacant at closing, creating flexibility for an owner-user or an investor planning to reposition the first-floor layout. The offering is located in Hempstead, NY, and is described as convenient to the LIRR, major roadways, and nearby shopping and business districts.
For buyers and operators, the separate entrances and mixed tenancy can help streamline day-to-day access between commercial and residential users. The property’s two income streams—commercial space and residential apartments—are intended to support practical operational flexibility, whether the buyer plans to occupy the first floor or lease it out following closing. Purchasers should independently verify potential uses and all permit requirements in accordance with local zoning and regulations.
Local Financial Insights For Apartment 5plus
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 | $122.3k | $33.96 |
| − Vacancy | −$5.5k | −$1.53 |
| EGI | $116.8k | $32.43 |
| − OpEx | −$52.5k | −$14.59 |
| NOI | $64.2k | $17.84 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Greek Food Catering — 59 Main St, East Rockaway, NY 11518
- Divine Goodnessss — 3250 Messick Ave, Oceanside, NY 11572
- The Saffron Culinary — 295 Main St, East Rockaway, NY 11518
- Oak Event Space — main floor, 295 Main St, East Rockaway, NY 11518
Location Insight
- Map
- Local Demand
- City
- Hempstead
- County
- Nassau
- State
- New York
- Longitude
- -73.6606647
- Latitude
- 40.638444
