Property profile

175 Fulton Ave Hempstead, NY 11550

FOR LEASE
Office buildings
Property ID
US63-3128510
22,272 SF 1.61 ac lot Built 1962
Entity Owned 11-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional seven-story office building, located at 175 Fulton Avenue in Hempstead, New York, offers a diverse range of office spaces to suit various business needs. The building boasts a total of 202,415 square feet, with multiple custom-built suites available, ranging in size from 800 square feet to an expansive 28,343 square feet. The property is ideally suited for traditional office, medical office, or executive office uses. With ample parking accommodating 375 vehicles, this location ensures convenient access for employees and clients alike. Its strategic location provides unparalleled convenience, situated just four blocks from the Hempstead transportation hub, encompassing the Long Island Rail Road (LIRR) - Hempstead Station and the Hempstead Transit Center. Public transportation is readily accessible, with numerous bus lines (N6, N6X, N15, N16, N31, N32, N35, N40/41, and N54) within walking distance. The Nassau County Courts are also conveniently located nearby. For those who prefer driving, the Southern State Parkway and Meadowbrook State Parkway are minutes away. The property benefits from its proximity to several prestigious institutions, including Adelphi University, Nassau Community College, Hofstra University, and Winthrop University Hospital, making it an attractive location for businesses seeking a vibrant and well-connected environment. This is a truly exceptional opportunity to secure prime office space in a highly desirable location within Nassau County.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1962
Total area 22,272 SF
Lot 1.61 ac (70,132 SF)
APN 34-285-00-0406
UPID US63-3128510

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Film Production Television Studio
  • Law Firm
  • Law Firm
  • Law Firm
  • Law Firm

Location

175 Fulton Ave Hempstead, NY 11550
Hempstead metro Census 406701 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$6.29M
Comparable Approach Comparable
$5.14M
Blend (final) Blend
$6.03M

Owner & transaction history

since 2015
3 recorded transactions
2015
$25.5M
2013
Price N/A
2013
$26.0M

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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