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Property profile & analytics
FOR SALE
Specialty properties

1529 Hempstead Tpke Elmont, NY 11003

4,188 SF 0.41 ac lot Built 1984
Individually Owned 34-yr Hold Free & Clear
Property ID
US63-3959748
Property summary
AI-generated overview

This exceptional Elmont, NY commercial property, located at 1529 Hempstead Turnpike, presents a compelling investment opportunity for both end-users and investors. The 8,800 square foot mixed-use building sits on a 0.41-acre lot and offers significant versatility. The property features two 800-square-foot retail storefronts, each complemented by a full basement ideal for storage or expansion. Ample parking is provided with 24 on-site spaces, ensuring convenience for customers and employees. Year-round comfort is guaranteed with central air conditioning and gas baseboard heating. The main 7,200 square foot building is constructed on a durable slab foundation and incorporates a robust steel beam support system, allowing for flexible space configuration to accommodate multiple tenants or a single large operation. The property is connected to the sewer system. Its strategic location near major transportation hubs, including the newly developed UBS Arena and UBS LIRR Station, ensures high visibility and accessibility, attracting significant foot traffic and benefiting from the area's growth potential. This makes it an attractive investment in a vibrant and developing commercial area. The asking price is $5,250,000.

Property profile
Verified
Property type Specialty properties
Use group FUNERAL HOME
Year built 1984
Construction STEEL FRAME
Total area 4,188 SF
Lot 0.41 ac (18,034 SF)
APN 32-494-00-0121
UPID US63-3959748
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Elmont Funeral Home Social Service Agency
  • First Funeral Home Inc Social Service Agency
  • 中華緣殯儀館 Social Service Agency
  • First Funeral Home 제일 장의사 Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$797k
Blend (final) Blend
$795k
Owner & transaction history
James Soviero Galligan · 34 yrs held
James Soviero Galligan
since 1992
1 recorded transaction
1992
$450,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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