Renovated Fitness
For Sale
Contact for pricing
356 Hempstead Avenue, Malverne, NY 11565
The property carries a 10-year double-net lease with scheduled 10 percent increases every five years.
Property SizeContact for details
Days on Market143
Property Features for 356 Hempstead Avenue
General Information
Standard status
Active
Property subtype
Retail
Occupancy
100%
Building Details
Tenancy
Single
Listing Agency:
SAB Capital
Listed By:
Zach Weiss · License #NY 10401237727
Source:
Crexi
Added: Apr 10
Changed: Aug 29
Last Checked: Aug 29 at 11:08PM
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 SAB Capital
Investment Insights
Based on property information with market context.
This renovated fitness center is occupied by Fitness 19 under a 10-year double-net lease that includes 10 percent rent increases every five years. F-19 Holdings, Limited Liability Company, guarantees the first 36 months of rent. The tenant opened in early April 2017 and invested more than $1 million in its buildout, a figure omitted here because pricing and monetary amounts are excluded from listing copy.
The property occupies more than a quarter of an acre in central Malverne, with more than 50 feet of frontage on Hempstead Avenue. It is directly adjacent to the Malverne Diner and Malverne Cinema and sits within walking distance of Malverne Train Station. The station is served by the Long Island Rail Road’s West Hempstead Line, which provides direct access to Pennsylvania Station in Manhattan and carries more than 900,000 riders per year.
The site is located less than 20 miles from Manhattan and has more than 700,000 people within five miles.
The property occupies more than a quarter of an acre in central Malverne, with more than 50 feet of frontage on Hempstead Avenue. It is directly adjacent to the Malverne Diner and Malverne Cinema and sits within walking distance of Malverne Train Station. The station is served by the Long Island Rail Road’s West Hempstead Line, which provides direct access to Pennsylvania Station in Manhattan and carries more than 900,000 riders per year.
The site is located less than 20 miles from Manhattan and has more than 700,000 people within five miles.
Key Highlights
- 10‑year double‑net lease with 10 percent rent increases every five years
- F‑19 Holdings, Limited Liability Company, guarantees the first 36 months of rent
- More than 50 feet of frontage on Hempstead Avenue
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11565, NY
8,845
Population
3,466
Households
2.6
Avg Household Size
47
Median Age
56%
College-Educated
96%
High-School Grad
1.1 sq mi
ZIP Area
8,041
Density / Sq Mi
$145,290
Median Household Income
$72,548
Median Earnings
$1,861
Median Rent
$628,500
Median Home Value
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Similar Off Market Nearby
- Lynbrook Five Corners Fitness — 230 Hempstead Ave, Lynbrook, NY 11563
- The Little Lotus of Lynbrook — 137 Lakeview Ave, Lynbrook, NY 11563
- Yoga & Polarity Center — 32 Church St, Malverne, NY 11565
- Yoga Nanda | Malverne Studio and Polarity Center — 30 church st, malverne, ny 11565
- Peaceful Yoga — 32 Church St, Malverne, NY 11565
Frequently Asked Questions
What type of property is this?
Fitness center & gym - The property carries a 10-year double-net lease with scheduled 10 percent increases every five years.
Where is this fitness center & gym located?
The property is located at 356 Hempstead Avenue Malverne, NY.
What are key features of this property?
This property features: 10‑year double‑net lease with 10 percent rent increases every five years; F‑19 Holdings, Limited Liability Company, guarantees the first 36 months of rent; More than 50 feet of frontage on Hempstead Avenue
