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    Property profile & analytics

    1717 Hempstead Tpke Elmont, NY 11003

    • Investment properties
    • 1,956 SF
    • 0.11 lot acres
    For Sale
    View listing
    $1,950,000
    Value Estimation
    Location Intelligence
    Property ID
    US63-5714904
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Pink Key / Education Center
    • Amit Hossain - The Nerd Agent - REAL Broker NY, LLC - Queens and Long Island / Real Estate Agent
    • REAL BROKER ELMONT - THE CULTURE TEAM / Real Estate Agency
    • The joker food and tacos / Pacific Northwest Restaurant (Us)

    Property Details for 1717 Hempstead Tpke

    Year built
    1960
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.11 lot acres
    Property size
    1,956 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    32-453-00-0009
    APU
    32453000009

    Description

    This exceptional mixed-use property, situated at 1717 Hempstead Turnpike in Elmont, NY, presents a compelling investment opportunity. The building encompasses 4,890 square feet on a 0.11-acre lot and features three units. Two fully renovated, three-bedroom, one-bathroom residential units occupy the second floor, providing immediate rental income. The ground floor boasts turnkey commercial space, perfectly suited for a large office. This space has undergone a significant $250,000+ build-out, including a complete IT setup for over 30 people and security cameras, minimizing upfront costs for a new tenant. The property benefits from high visibility due to its location on Hempstead Turnpike, attracting significant foot and vehicle traffic. Ample parking is available, adding to its appeal. The combination of consistent residential income and the potential for substantial commercial rental income makes this a strong cash-flow generating asset. Its strategic location and potential for future development further enhance its long-term investment prospects, making it ideal for both owner-occupiers and investors seeking a diversified portfolio. The property is offered at $1,950,000.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elmont
    County
    Nassau
    State
    New York
    Longitude
    -73.7043
    Latitude
    40.7072
    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
    $34,361
    $1,960
    $2,495
    $4,455
    -
    $0.00
    $0.00
    $445,500

    Comparable in this City

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      280 Meacham Ave

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      267 Hempstead Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 651 SF
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      Savoy Claridge Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,446 SF
      Savoy Claridge Ave, Elmont, NY 11003
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      $475,000
      1,008 SF

      312 Meacham Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,008 SF
      312 Meacham Ave, Elmont, NY 11003-3249
      View Details
    • Value Estimation by Request
      2,915 SF

      490-494 Hempstead Tpke

      OFFICE/RESIDENTIAL (MIXED USE) • 2,915 SF
      490-494 Hempstead Tpke, Elmont, NY 11003
      View Details

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    Similar Nearby for Lease

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      Fully renovated office space with convenient highway access.
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    Elmont, NY 11003
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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