Flexible Multi-Room
288 Hempstead Avenue West Hempstead, NY 11552
For Sale
$688,000
SINGLE_FAMILY - West Hempstead, NY
Property Size2,760 SF
Lot Size0.05 Acres
Price / SF$249.28
Days on Market49
Property Features for 288 Hempstead Avenue
General Information
Property type
Residential
Property subtype
Retail
Rooms
Basement
Basement
Walk-Out Access, Partially Finished, Full
Standard status
Active
APN
2089-35-383-00-0274-0
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10225
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Building materials
Brick
Listing Agency:
Skylux Realty Inc
(718) 500-2231
Listed By:
Kenny Theam H. Tan ABR CIPS SRS C2 · License #10311210013
(917) 806-4383
Added: Jun 11
Changed: Jul 13
Last Checked: Jul 29 at 6:06AM
MLS# 1012175
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
For sale at 288 Hempstead Avenue, this storefront commercial property offers a flexible multi-room layout with a primary level of 1,380 SF plus an additional full basement level of 1,380 SF. The configuration supports a range of professional and retail-style uses where adaptable interior space is important.
Located in West Hempstead along one of the area’s main business corridors, the property is described as providing strong visibility and convenient access to major roads and surrounding neighborhoods. The storefront presence is positioned to serve walk-in and drive-by customers depending on the end use.
With its above-grade workspace and full basement area, the building provides practical separation of space within the same footprint, which can be helpful for organizations looking to balance customer-facing areas with additional interior utility.
Located in West Hempstead along one of the area’s main business corridors, the property is described as providing strong visibility and convenient access to major roads and surrounding neighborhoods. The storefront presence is positioned to serve walk-in and drive-by customers depending on the end use.
With its above-grade workspace and full basement area, the building provides practical separation of space within the same footprint, which can be helpful for organizations looking to balance customer-facing areas with additional interior utility.
Key Highlights
- 1380 SF commercial space at 288 Hempstead Ave with an additional full basement (1380 SF)
- Highly visible storefront on one of West Hempstead’s main business corridors
- Flexible multi‑room layout suitable for a range of commercial uses
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 | $82.8k | $30.00 |
| − Vacancy | −$4.7k | −$1.71 |
| EGI | $78.1k | $28.29 |
| − OpEx | −$23.4k | −$8.49 |
| NOI | $54.7k | $19.80 |
2,760 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$780.8K
$683.2K – $910.9K
NOI $54,656 @ 7.0% cap · market cap 7.94%
Second Best
Healthcare Medical
$691.7K
$605.3K – $807.0K
NOI $48,421 @ 7.0% cap · market cap 7.04%
Theoretical Best
Specialty Retail
$1.82M
$1.60M – $2.13M
NOI $127,740 @ 7.0% cap · market cap 18.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Flowers Wedding Boutique, Inc. — 533 Pinebrook Ave, West Hempstead, NY 11552
Frequently Asked Questions
What type of property is this?
Storefront property - Front-facing commercial storefront with a flexible multi-room layout and full basement space for additional area.
Where is this storefront property located?
The property is located at 288 Hempstead Avenue West Hempstead, NY.
What is the asking price?
The asking price for this property is $688,000.
What are key features of this property?
This property features: 1380 SF commercial space at 288 Hempstead Ave with an additional full basement (1380 SF); Highly visible storefront on one of West Hempstead’s main business corridors; Flexible multi‑room layout suitable for a range of commercial uses
