New Construction Medical Office
441 Franklin Avenue Hempstead, NY 11010
441 Franklin Avenue, Hempstead, NY, 11010
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For Sale
Contact for pricing
New 7,500-sf office building built to support medical and professional uses, with ADA accessibility and elevator service.
Property Size7,500 SF
Price / SF$398.67
Days on Market124
Property Features for 441 Franklin Avenue
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Property subtype
- Office
Listing agency
Sung & Associates Real Estate
Listed by
Connie Chan · License #10311200129
Source
Crexi
Added: Mar 21 Updated: Jul 22 at 4:30AM Checked: Jul 22 at 4:30AM
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 Sung & Associates Real Estate
Investment Insights
Based on property information with market context.
This newly constructed office building is offered for sale as a purpose-built medical and professional space. The property totals 7,500 square feet and features modern office finishes. ADA accessibility is included, along with an elevator for access to all levels.
The building is located on a high-traffic corridor, positioned for visibility and convenient access for staff and clients. On-site parking is available to support high patient and client volume.
Designed with traffic flow in mind, the interior layout is intended to support an efficient experience from parking through the building. The property is described as medical-ready and suitable for a range of medical and professional office configurations.
The building is located on a high-traffic corridor, positioned for visibility and convenient access for staff and clients. On-site parking is available to support high patient and client volume.
Designed with traffic flow in mind, the interior layout is intended to support an efficient experience from parking through the building. The property is described as medical-ready and suitable for a range of medical and professional office configurations.
Key Highlights
- New 7,500 sq. ft. office building designed for medical and professional use
- Fully ADA compliant with elevator service for access to all levels
- Modern design with sleek, updated office finishes
Local Financial Insights For Healthcare Medical
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 | $254.7k | $33.96 |
| − Vacancy | −$35.4k | −$4.72 |
| EGI | $219.3k | $29.24 |
| − OpEx | −$87.7k | −$11.70 |
| NOI | $131.6k | $17.54 |
7,500 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.88M
$1.64M – $2.19M
NOI $131,578 @ 7.0% cap · market cap 4.40%
Second Best
Office B
$1.84M
$1.61M – $2.15M
NOI $128,966 @ 7.0% cap · market cap 4.31%
Theoretical Best
Specialty Retail
$4.96M
$4.34M – $5.79M
NOI $347,119 @ 7.0% cap · market cap 11.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Medical centers
Similar For Sale Nearby
FAQs
What type of property is this?
Medical center - New 7,500-sf office building built to support medical and professional uses, with ADA accessibility and elevator service.
Where is this medical center located?
The property is located at 441 Franklin Avenue Hempstead, NY.
What is the asking price?
The asking price for this property is $2,990,000.
What are key features of this property?
This property features: New 7,500 sq. ft. office building designed for medical and professional use; Fully ADA compliant with elevator service for access to all levels; Modern design with sleek, updated office finishes
