Property profile

32 Atlantic Ave Hempstead, NY 11550

OFF-MARKET
Parking lots & garages
Property ID
US63-1541489
0.07 ac lot
Individually Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 9,431 square foot commercial building, situated on a 10,850 square foot lot at 32 Atlantic Ave in Hempstead, NY, presents a compelling investment or owner-user opportunity. The property boasts a prime location in the heart of Lynbrook Centre, directly on busy Atlantic Avenue, just one block from the Lynbrook LIRR station and midway between Sunrise Highway and Merrick Road. Benefitting from high visibility and excellent signage, the building enjoys a daily traffic count exceeding 4,900 vehicles. The property features 146 parking spaces, high 10-foot ceilings, all new LED lighting, and a skylight, along with 200 amp power and central air conditioning. Currently housing a diverse mix of tenants including a deli, nail salon, cooking school/catering facility, and several second-floor office suites, the property generates substantial annual income. The deli (3,000 sq ft) yields $67,980 annually with a 3% annual increase and lease expiring in 2026

Property profile

Verified
Property type Parking lots & garages
Use group PARKING LOT
Lot 0.07 ac (3,063 SF)
APN 34-289-00-0165
UPID US63-1541489

Cap rate & NOI

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

Location

32 Atlantic Ave Hempstead, NY 11550-1303
Hempstead metro Census 406702 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2017
2 recorded transactions
2017
$1.0M
2006
$135,000

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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