Street-Front
For Sale
Contact for pricing
72 Franklin Avenue #1FL, Hempstead, NY 11010
Five rooms and two bathrooms provide a flexible interior layout for commercial occupancy.
Property Size10,995 SF
Price / SF$0.39
Days on Market36
Property Features for 72 Franklin Avenue #1FL
General Information
Standard status
Active
Size
10,995 SF
Property subtype
Retail
Additional Details
Road Access
Yes
Property Use
Corner Store
Listing Agency:
Neil Charles Real Estate
Listed By:
Ann Stettner · License #10401201931
(917) 660-3266
Source:
Neilcharlesrealestate
Added: Sep 26
Changed: Oct 30
Last Checked: Oct 30 at 2:10AM
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 Neil Charles Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This storefront occupies the first floor at 72 Franklin Avenue and contains five rooms and two bathrooms. Its prior use was as a spa, and the existing room arrangement provides multiple enclosed spaces within the commercial unit.
The property fronts Franklin Avenue in Franklin Square. Nearby businesses and institutions include medical clinics, restaurants, schools, and building supply stores.
The property fronts Franklin Avenue in Franklin Square. Nearby businesses and institutions include medical clinics, restaurants, schools, and building supply stores.
Key Highlights
- Five rooms and two bathrooms
- First‑floor storefront at 72 Franklin Avenue
- Street frontage on Franklin Avenue in Franklin Square
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$217,734
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,354,680
$4.4M
Cap Rate 7%
$3,110,486
$3.1M
Cap Rate 9%
$2,419,267
$2.4M
Market Conditions
NOI Build-Up for 10,995 SF
Gross rent
$329.9K $30.00/SF
− Vacancy
−$18.8K −$1.71/SF
EGI
$311.0K $28.29/SF
− OpEx
−$93.3K −$8.49/SF
NOI
$217.7K $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%
$4,354,680
Cap Rate 7%
$3,110,486
Cap Rate 9%
$2,419,267
Alternative Uses
Best Use
Retail
$3.11M
$2.72M – $3.63M
NOI $217,734 @ 7.0% cap · market cap 5,063.58%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.27M
$6.36M – $8.48M
NOI $508,876 @ 7.0% cap · market cap 11,834.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
89k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 46%
Electronics 3%
Wendy's
Dining
18,720 visits/mo
0.2 miles
Exxon
Shops & Services
14,647 visits/mo
0.3 miles
Taco Bell
Dining
12,993 visits/mo
0.2 miles
7-Eleven
Shops & Services
8,785 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,010 visits/mo
0.3 miles
Demographics for 11010, NY
25,013
Population
8,577
Households
2.9
Avg Household Size
44
Median Age
40%
College-Educated
91%
High-School Grad
2.4 sq mi
ZIP Area
10,422
Density / Sq Mi
$140,686
Median Household Income
$58,584
Median Earnings
$2,096
Median Rent
$647,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- The Flower Shoppe — 14 New Hyde Park Rd, Franklin Square, NY 11010
Frequently Asked Questions
What type of property is this?
Storefront property - Five rooms and two bathrooms provide a flexible interior layout for commercial occupancy.
Where is this storefront property located?
The property is located at 72 Franklin Avenue #1FL Hempstead, NY.
What are key features of this property?
This property features: Five rooms and two bathrooms; First‑floor storefront at 72 Franklin Avenue; Street frontage on Franklin Avenue in Franklin Square
