Property profile

1962 Hempstead Tpke East Meadow, NY 11554

OFF-MARKET
Retail space
Property ID
US63-Q015198
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Property summary

AI-generated overview

East Meadow Turnkey Nail Salon Business. Opened for 4 years with steady cash and credit card business. Approx. 1,900 SF interior with 8 manicure tables, 7 pedicure chairs (w/parts maintenance), kitchen, wash machine, air condition replaced in 2022, licensed ventilation system, 2 new water heaters, 7 regular staff. 3-year lease w/option for 5. $5,214/monthly rent (2.5~3% Up/Yr) include RE tax and garbage pickup, main walkway snow removal (tenant responsible for secondary walkway). Security deposit required. Located on Hempstead Turnpike (RT24) in busy shopping plaza with huge parking lot. Long Island Expressway Exit 38 near Meadowbrook Parkway and Roosevelt Field. bikeScore: 36, Somewhat Bikeable walkScore: 48, Car-Dependent transitScore: 34, Some Transit

Property profile

Verified
Property type Retail space
UPID US63-Q015198

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
  • (Bike/Boat/Book/etc) Store Cosmetic Store
  • Nail Salon

Location

1962 Hempstead Tpke East Meadow, NY 11554
East Meadow metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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