Property profile

510 Franklin St Hempstead, NY 11550

OFF-MARKET
Office buildings
Property ID
US63-1975718
2,153 SF 0.1 ac lot Built 1963
Individually Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional industrial property, located at 510 S Franklin St in Hempstead, New York, presents a significant investment opportunity. Priced at $3,500,000, the property offers substantial potential for a variety of industrial uses. While the exact square footage is not currently specified, the building sits on a zero-acre lot, suggesting a compact and efficient layout ideal for businesses needing a strategic Hempstead presence. The property's address in Hempstead positions it within a dynamic commercial area, offering convenient access to major transportation routes and a skilled workforce. This makes it an attractive option for companies seeking a well-situated industrial space. Further details regarding the building's internal specifications, including layout, amenities, and potential for expansion, are available upon request. Given the prime location and competitive price point, this property is expected to generate significant interest. Serious inquiries are encouraged to explore this compelling investment opportunity in the thriving Hempstead market. The absence of specified square footage presents an opportunity for customization and efficient space planning to meet specific business needs. This property is ready for immediate occupancy and offers a unique chance to establish a strong foothold in a desirable commercial area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1963
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,153 SF
Lot 0.1 ac (4,480 SF)
APN 36-007-00-0031
UPID US63-1975718

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
  • Law Firm
  • Clothing Store
  • Recording Studio
  • Corporate Office
  • Real Estate Agency

Location

510 Franklin St Hempstead, NY 11550-7643
Hempstead metro Census 407101 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
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$400k

Owner & transaction history

since 2017
Last sale
$350,000
3 recorded transactions
2020
Price N/A
2017
$318,000
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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