229-235 S. Franklin Street, Hempstead, NY 11550

$879,000
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Sold Price
$879,000
Closing Date
Sep 08, 2025
Days on Market
157
MLS#
805779
Status
CLOSED
Lot Size
6639
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(516) 517-2400

Property Description

Unique investment opportunity. 1 tax lot, 2 buildings. Structure 1: 2-story Detached, Mixed-Use Retail (Deli)/Residential 3-unit above. Deli leased, expires 2031 w/ 1x5-year renewal. 3% increases, Semi-net. Tenant pays specific repairs, maintenance, utilities, liability insurance. Structure 2: Residential tenants Mo.-Mo. Stabilized Potential Gross Income: $160,00 (with residential TLC). R.E. Taxes: $37,660. Income and expenses (see attachment). Also being offer : 220-228 S. Franklin (see MLS 804752). Investor can purchase either property or both.

(516) 517-2400
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Additional Information

Total Taxes
37660
Heating
Natural Gas
Parking
Driveway
Parking Spaces
2
Basement
Full
Water
Public
Sewer
Public Sewer
Taxes
$37,660
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Listing courtesy of Listing Agent: Diane M. Leyden (dleyden@laffeyre.com) from Listing Office: LAFFEY REAL ESTATE.

Selling Office: LAFFEY REAL ESTATE.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.