Property profile

250 Fulton Ave Hempstead, NY 11550

FOR LEASE
Office buildings
Property ID
US63-3051414
20,000 SF 0.91 ac lot Built 1955
Entity Owned 10-yr Hold Free & Clear
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250 Fulton Ave, Hempstead, NY 11550 For Lease
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250 Fulton Ave, Hempstead, NY 11550
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Property summary

AI-generated overview

The Executive Building at 250 Fulton Avenue in Hempstead, NY, offers prime medical office space in Central Nassau County. This seven-story building boasts a total of 90,000 square feet, with 30,230 square feet currently vacant and available for lease. Multiple tenancy options are available, ranging from a minimum divisible space of 985 square feet to a maximum contiguous space of 15,000 square feet. Ideal for a variety of medical practices, the building's location within the Hempstead submarket cluster provides excellent accessibility and visibility. A full-mezzanine floor is also available, offering additional space and flexibility. The property is categorized as both Medical Office and Traditional Office space, ensuring suitability for a broad range of healthcare professionals. Located in Nassau County, New York, with a zip code of 11550, this property presents a unique opportunity for businesses seeking high-quality office space in a thriving medical community. The building's strategic location offers convenient access to major transportation routes and local amenities. Inquire today to learn more about leasing opportunities and explore the potential of establishing your practice in this exceptional building.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1955
Construction FRAME
Total area 20,000 SF
Lot 0.91 ac (39,683 SF)
APN 34-339-00-0102
UPID US63-3051414

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
  • Dental Office
  • Dental Office
  • Dental Office
  • Law Firm
  • Landscaping General Contractor

Location

250 Fulton Ave Hempstead, NY 11550
Hempstead metro Census 406801 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
$5.65M
Comparable Approach Comparable
$6.89M
Blend (final) Blend
$5.98M

Owner & transaction history

since 2015
7 recorded transactions
2020
Price N/A
2019
Price N/A
2016
Price N/A
2015
$6.0M
1969
Price N/A
1969
Price N/A
1969
Price N/A

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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