Property profile

989 Hempstead Tpke Franklin Square, NY 11010

OFF-MARKET
Theaters & concert halls
Property ID
US63-1457489
7,926 SF 0.26 ac lot Built 1932
Entity Owned 7-yr Hold ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property includes a 10,800-square-foot building configured for theater use, featuring an auditorium-style layout with over 800 seats distributed across six auditoriums.

Property profile

Verified
Property type Theaters & concert halls
Use group THEATER (MOVIE)
Year built 1932
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,926 SF
Lot 0.26 ac (11,369 SF)
APN 35-004-00-0126
UPID US63-1457489

Cap rate & NOI

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

Location

989 Hempstead Tpke Franklin Square, NY 11010-2532
Franklin Square metro Census 405400 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
by Request

Owner & transaction history

since 2018
4 recorded transactions
2018
Price N/A
2018
$2.9M
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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 989 Hempstead Tpke?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message