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Financial
Distress signals
Property profile

40 Main St Hempstead, NY 11550

OFF-MARKET
Office buildings
Property ID
US63-0270161
1,925 SF 0.46 ac lot Built 1957
Last sale Mar 1998 · $550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

An office property located at 40 Main St in Hempstead, New York. The premises provide approximately 66,785 square feet of space configured for office use.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$216k
Tax billed · 2023
Assessed value$59k
Assessed land$7k
Assessed improvement$52k
Effective rate365.27%

Value estimate

· Oct 2026
$825k
$743k – $908k
AI approach$670k
CAP approach$545k
Submarket $/SF estimate$664k

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$446/SF
Submarket average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$332 – $551
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency108.9
Building Supply52.0
Wholesale Shop47.0

Location

40 Main St Hempstead, NY 11550-4042
County assessor Recorded deeds · 4 transfers 6 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 16 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
72 Fulton, Hempstead, NY 11550-3651 $1,400,000 Sep 2025 4,901 SF
31 Main, Hempstead, NY 11550-4019 $3,286,000 Mar 2025 3,465 SF
160 Franklin, Hempstead, NY 11550-1322 $1,725,000 Aug 2021 3,514 SF
129 Jackson, Hempstead, NY 11550-2412 $1,000,000 Apr 2021 4,116 SF
226 Clinton, Hempstead, NY 11550-2614 $2,700,000 Mar 2021 5,649 SF
510 Franklin, Hempstead, NY 11550-7643 $350,000 Oct 2020 2,153 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $545,000
    1,800 SF
    240 Clinton St
    OFFICE BUILDING
    240 Clinton St, Hempstead, NY 11550-2643
    View Details
  • Value Estimation
    $550,000
    2,079 SF
    63 Jerusalem Ave
    OFFICE BUILDING
    63 Jerusalem Ave, Hempstead, NY 11550-6013
    View Details
  • Value Estimation
    $960,000
    2,149 SF
    540 Fulton Ave
    PROFESSIONAL BUILDING (MULTI-STORY)
    540 Fulton Ave, Hempstead, NY 11550-4364
    View Details
  • Value Estimation
    $380,000
    2,153 SF
    510 Franklin St
    OFFICE BUILDING
    510 Franklin St, Hempstead, NY 11550-7643
    View Details
  • Value Estimation
    $555,000
    2,360 SF
    86 Frnt St
    OFFICE BUILDING
    86 Frnt St, Hempstead, NY 11550-3617
    View Details
  • Value Estimation
    $1,190,000
    2,655 SF
    16 Main St
    OFFICE BUILDING
    16 Main St, Hempstead, NY 11550-4020
    View Details

Similar Nearby for Sale

  • $1,295,000
    4,796 SF
    Office Building with Finished Basement
    Storefront office property with flexible work areas, basement amenities, elevator access, and on-site parking.
    86 Front St, Hempstead, NY 11550
    View Details
  • New
    Contact for pricing
    8,000 SF
    Single-Story Office Building
    An existing tenant occupies the building, with owner-user use also identified as an option.
    436 S Franklin St, Hempstead, NY 11550
    View Details
  • New
    Contact for pricing
    19,277 SF
    Retail and Office Building with Parking
    Mixed retail and office tenant mix with direct municipal parking access on a major Nassau County corridor.
    236-242 Fulton Ave, Hempstead, NY 11550
    View Details
  • New
    $1,700,000
    0.14 Acres
    Three-Story Office Building
    Multi-space office property with central air, forced-air heating, and a basement.
    510 S Franklin Street, Hempstead, NY 11550
    View Details

Similar in This City for Lease

  • Contact for pricing
    800 sqft
    Professional Office Space For Rent
    Office space with private parking and shared conference room.
    64 Hilton Ave, Hempstead, NY 11550
    View Details
  • New
    Contact for pricing
    225 sqft
    Office Space with Major Intersection Exposure
    Office space in a building with prominent visibility and signage at a heavily trafficked 4-corner intersection.
    175 Baldwin Rd, Hempstead, NY 11550
    View Details
  • $4,200/Mo
    Leased Office Units on Front Street
    Office units available for lease at 218 Front Street in Hempstead, NY 11550.
    218 Front Street, Hempstead, NY 11550
    View Details
  • $3,800/Mo
    Renovated Medical Office Suite
    Completely renovated office suite with a large reception area, multiple offices, new bathroom, and private parking.
    1-313 Hempstead Ave, West Hempstead, NY 11550
    View Details
  • Contact for pricing
    Office Units Near Hospital
    Street parking serves the office units, located near Molloy Hospital and Southern State Parkway.
    436 S Franklin St, Hempstead, NY 11550
    View Details
  • Contact for pricing
    Prime Retail/Office Space Available
    Versatile space in a vibrant commercial district, Hempstead, NY.
    290 Peninsula Blvd, Hempstead, NY 11550
    View Details
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