Mixed-Use Building with
549 Hempstead Tpke, Elmont, NY 11003
For Sale
$825,000
The property combines a barbershop storefront with two apartments, including a three-bedroom unit spanning the building’s length.
Property Size2,570 SF
Price / SF$321.01
Days on Market26
Property Features for 549 Hempstead Tpke
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Mixed-Use Components
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
OneSpace Realty Group LLC
Listed By:
Roody Casseus
(917) 667-2410
Source:
Searchhomesinlongisland
Added: Oct 14
Changed: Nov 7
Last Checked: Nov 7 at 4:05PM
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 OneSpace Realty Group LLC
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Investment Insights
Based on property information with market context.
At 2,570 square feet, this mixed-use building contains a barbershop storefront, a three-bedroom apartment that runs the length of the structure, and a ground-floor one-bedroom apartment. The property was built in 1926. The two units outside the three-bedroom apartment do not have leases in place.
Located at 549 Hempstead Tpke in Elmont, the property is minutes from UBS Arena, Belmont Park, and the Queens border.
Located at 549 Hempstead Tpke in Elmont, the property is minutes from UBS Arena, Belmont Park, and the Queens border.
Key Highlights
- 2,570‑square‑foot mixed‑use property
- Barbershop storefront
- Three‑bedroom apartment extends the length of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,894
Cap Rate
6.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,880
$1.0M
Cap Rate 7%
$727,057
$727.1K
Cap Rate 9%
$565,489
$565.5K
Market Conditions
NOI Build-Up for 2,570 SF
Gross rent
$77.1K $30.00/SF
− Vacancy
−$4.4K −$1.71/SF
EGI
$72.7K $28.29/SF
− OpEx
−$21.8K −$8.49/SF
NOI
$50.9K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,017,880
Cap Rate 7%
$727,057
Cap Rate 9%
$565,489
Alternative Uses
Best Use
Retail
$727.1K
$636.2K – $848.2K
NOI $50,894 @ 7.0% cap · market cap 6.17%
Second Best
Mixed Use
$506.7K
$443.3K – $591.1K
NOI $35,466 @ 7.0% cap · market cap 4.30%
Theoretical Best
Specialty Retail
$1.70M
$1.49M – $1.98M
NOI $118,946 @ 7.0% cap · market cap 14.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
301k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 22%
Dining 21%
Shops & Services 19%
Superstores 19%
The Home Depot
Home Improvements & Furnishings
66,804 visits/mo
0.3 miles
Target
Superstores
57,008 visits/mo
0.2 miles
Marshalls
Apparel
52,121 visits/mo
0.3 miles
Chipotle Mexican Grill
Dining
19,782 visits/mo
0.2 miles
Exxon
Shops & Services
16,971 visits/mo
0.1 miles
Demographics for 11003, NY
43,979
Population
12,641
Households
3.5
Avg Household Size
40
Median Age
33%
College-Educated
87%
High-School Grad
4.1 sq mi
ZIP Area
10,727
Density / Sq Mi
$123,000
Median Household Income
$53,302
Median Earnings
$2,315
Median Rent
$576,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines a barbershop storefront with two apartments, including a three-bedroom unit spanning the building’s length.
Where is this mixed-use property located?
The property is located at 549 Hempstead Tpke Elmont, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 2,570‑square‑foot mixed‑use property; Barbershop storefront; Three‑bedroom apartment extends the length of the building
