229 FranklinHempstead, NY 11550

  • Retail properties
  • 13,320 SF
For Sale
$879,000 View listing

Property Details for 229 Franklin

Year built
1951
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.68 AC
Property size (Sq ft)
13,320 SF
Property type
Retail properties
Property subtype
Other automotive properties
APN
34-178-00-0011
APU
34178000011

Valuation
by Realmo methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $3,237,225
    6.5%
    $2,988,208
    7%
    $2,774,764
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,385,786
    Geo Method
    $4,385,786
  • Alternative Use

    Use
    Valuation
    Residential
    $2,520,665
    Hospitality
    $2,308,916
    Educational
    $1,920,991
    Medical
    $1,987,056
    Retail
    $2,988,208
229 Franklin, Hempstead, New York
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Location Insight

City
Hempstead
County
Nassau
State
New York
Latitude
40.7137
Longitude
-73.6303
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
-
$7,283
$5,321
$12,604
-
-
-
$1,260,400

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