236-242 Fulton Ave Hempstead, NY 11550
For Sale
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Positioned on one of Nassau County's primary commercial corridors, Fulton Corner benefits from exceptional visibility, strong vehicular and pedestrian traffic, and direct access to sought-after municipal parking, making it one of the most accessible and recognizable addresses in the market. A short walk from the Town of Hempstead Court and surrounding governmental buildings, the property is a natural home for attorneys, legal professionals, and government-related offices many of whom are already tenants. The building also hosts a hospital organization, NYS agencies, and businesses across a wide range of industries, creating a diverse and stable tenant base. Minutes from the Hempstead LIRR station and close to Long Island's leading universities and hospitals, the property benefits from consistent commuter traffic and long-term institutional demand that supports tenant retention and leasing activity. The asset delivers consistent in-place income from a diverse mix of retail and office tenants, minimizing vacancy risk and providing a reliable revenue stream. As Hempstead continues to attract new residential development, infrastructure investment, and increased retail activity, the property is well-positioned to benefit from rising rents and sustained long-term demand.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.