Financial
Distress signals
Property profile

288 Hempstead Ave West Hempstead, NY 11552

FOR SALE
Retail space
Property ID
US63-2503876
1,300 SF 0.05 ac lot Built 1926
Last sale Aug 2016 · $239,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property at 288 Hempstead Avenue is a storefront commercial building offering 1,380 square feet of street-level space with a full 1,380 square feet basement. The interior is configured in multiple rooms and is suitable for a range of professional, wellness, retail, service, and medical-oriented uses, subject to applicable zoning and regulatory requirements. The building is located along a business corridor in West Hempstead and provides storefront exposure with access to major roads and

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$2k
Assessed land$448
Assessed improvement$1k
Effective rate761.37%

Value estimate

· Sep 2026
$275k
$248k – $303k
NOI build-up
Gross scheduled income$83k
Vacancy & credit loss−$5k
Operating expenses−$23k
NOI · 9.14% cap applied$55k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$424/SF
Submarket average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$248 – $574
Qualifying comparables7

Cap rate analysis

How does the asset earn?
9.14%
$55k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency15.6
Parking Facility15.2
Catering Service9.8

Location

288 Hempstead Ave West Hempstead, NY 11552
County assessor Recorded deeds · 1 transfer 7 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
244 Hempstead, West Hempstead, NY 11552-1537 $1,950,000 Jun 2024 1,302 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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