Retail Center Near National
46-50 Fulton Ave Hempstead, NY 11550
46-50 Fulton Ave, Hempstead, NY, 11550
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For Sale
Contact for pricing
Fully occupied retail center near major retailers and transportation.
Property Size17,500 SF
Price / SF$494
Days on Market53
Property Features for 46-50 Fulton Ave
General Information
- Standard status
- Active
- Size
- 17,500 SF
- Property subtype
- RETAIL
Listing Agency
Northmarq | New York
(646) 841-0627
Listed by
Ashley Wilhide
(646) 845-8424
Source
Moodyscre
Added: May 26 Checked: Jul 17 at 5:51 am
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 Northmarq | New York
Investment Insights
Based on property information with market context.
This fully occupied retail center is located approximately 30 miles from New York City, in Long Island. The property is positioned near major national retailers such as Home Depot and the LIRR, benefiting from consistent foot and vehicle traffic due to its location off Fulton Avenue. The tenant mix includes food and service-oriented retailers, creating an appealing and internet-resistant lineup that complements the nearby national retailers. The property benefits from a population of over 33,000 people within a 1-mile radius and an average household income exceeding $117,000. Many tenants have been in place for over 20 years, and multiple tenants have no options remaining, providing mark-to-market opportunities for new owners. The property size is 17,500 square feet.
Key Highlights
- 100% Occupancy with Long‑Term Tenants (20+ years)
- High Traffic Location off Fulton Avenue near Major Retailers (Home Depot) and the LIRR
- Strong Demographics: High Population Density (33K within 1 mile) and High Average Household Income ($117,000+)
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 | $525.0k | $30.00 |
| − Vacancy | −$29.9k | −$1.71 |
| EGI | $495.1k | $28.29 |
| − OpEx | −$148.5k | −$8.49 |
| NOI | $346.6k | $19.80 |
17,500 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.95M
$4.33M – $5.78M
NOI $346,553 @ 7.0% cap · market cap 4.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$11.57M
$10.12M – $13.50M
NOI $809,944 @ 7.0% cap · market cap 9.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
Similar For Sale Nearby
Similar Off Market Nearby
- Clinton Plaza — 80 Clinton St, Hempstead, NY 11550
- Hempstead Village Commons — 340 peninsula blvd, hempstead, ny 11550
- Fulton Corner — 236 Fulton Ave, Hempstead, NY 11550
- Chino — 12 n franklin st, hempstead, ny 11550
- The Hub — 132-178 Fulton Ave, Hempstead, NY 11550
FAQs
What type of property is this?
Shopping center - Fully occupied retail center near major retailers and transportation.
Where is this shopping center located?
The property is located at 46-50 Fulton Ave Hempstead, NY.
What is the asking price?
The asking price for this property is $8,645,000.
What are key features of this property?
This property features: 100% Occupancy with Long‑Term Tenants (20+ years); High Traffic Location off Fulton Avenue near Major Retailers (Home Depot) and the LIRR; Strong Demographics: High Population Density (33K within 1 mile) and High Average Household Income ($117,000+)
