Property profile

70 Front St Hempstead, NY 11550

OFF-MARKET
Mixed-use properties
Built 1970
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Property summary

AI-generated overview

This exceptional mixed-use property, situated in the desirable village of East Rockaway at 70 Front Street, Hempstead, NY, presents a unique investment opportunity. Priced at $1,500,000, this property seamlessly blends commercial and residential spaces. The ground floor encompasses a substantial warehouse featuring a 14x14 overhead door, providing ample access for goods and equipment. The warehouse boasts impressive 16-foot ceilings and includes a dedicated office area and a full bathroom, enhancing functionality and convenience. Above the warehouse, a spacious four-bedroom, one-bathroom apartment offers comfortable living. A private terrace provides breathtaking views of the canal, creating a tranquil and desirable living space. Adding significant value to this property are three private boat slips and a dock, perfect for boating enthusiasts or as an additional revenue stream. The property's waterfront location and versatile layout make it an ideal investment for both commercial and residential purposes, offering a strong potential for rental income and appreciation. This is a rare opportunity to acquire a unique and highly desirable mixed-use property in a prime location. The property is offered as-is.

Property profile

Verified
Property type Mixed-use properties
Year built 1970

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

70 Front St Hempstead, NY 11550
Hempstead metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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