Mixed-Use Building with
549 Hempstead Turnpike, Elmont, NY 11003
For Sale
New
$825,000
Residential Income, Elmont, NY
Property Size2,570 SF
Lot Size0.03 Acres
Price / SF$321.01
Days on Market4
Property Features for 549 Hempstead Turnpike
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
High school district
Directions
Standard status
Size
Lot size
Additional Details
Tenant in Place
Mixed-Use Components
Taxes and HOA fees
Tax Annual Amount
Utilities
Heating system
Water source
Building Details
Year built
Floors in Building
Building materials
Buildings
Listing Agency:
ONESPACE REALTY GROUP LLC
(917) 667-2410
Listed By:
Roody Casseus
Added: Nov 11
Changed: Nov 12
Last Checked: Nov 13 at 11:06PM
MLS# 12064647
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 2,570 square feet, this mixed-use building contains a street-level barbershop storefront, a three-bedroom residence extending the length of the building, and a ground-floor one-bedroom unit. The property was built in 1926 and has wood siding. Heating includes natural gas, steam, baseboard, and zoned systems.
The property is located on Hempstead Turnpike in Elmont, with UBS Arena and Belmont Park described as minutes away and the Queens border nearby. The three-bedroom unit has a lease in place; the other tenancies do not.
The property is located on Hempstead Turnpike in Elmont, with UBS Arena and Belmont Park described as minutes away and the Queens border nearby. The three-bedroom unit has a lease in place; the other tenancies do not.
Key Highlights
- 2,570‑square‑foot mixed‑use building on a 0.0331‑acre lot
- Barbershop storefront, three‑bedroom residence, and ground‑floor one‑bedroom unit
- Three‑bedroom residence spans 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
Apartment 5plus
$654.9K
$573.0K – $764.0K
NOI $45,842 @ 7.0% cap · market cap 5.56%
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.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines a barbershop storefront with two residential units, including a three-bedroom apartment spanning its length.
Where is this mixed-use property located?
The property is located at 549 Hempstead Turnpike 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 building on a 0.0331‑acre lot; Barbershop storefront, three‑bedroom residence, and ground‑floor one‑bedroom unit; Three‑bedroom residence spans the length of the building
