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

$879,000

$879,000

Est.Price: ?

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Est. payment /mo

SOLD DATE : 09/08/2025

Key Details

Sold Price $879,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 805779

Sold Date 09/08/25

Rental Info No

Annual Tax Amount $37,660

Property Sub-Type Mixed Use

Source onekey2

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.

Location

State NY

County Nassau County

Rooms

Basement Full

Interior

Heating Natural Gas

Cooling Multi Units

Fireplace No

Exterior

Parking Features Driveway

Utilities Available Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected

Total Parking Spaces 2

Building

Lot Description Corner Lot

Sewer Public Sewer

Water Public

Structure Type Brick,Clapboard

Others

Special Listing Condition None

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Listed by LAFFEY REAL ESTATE • Diane M. Leyden
Bought with LAFFEY REAL ESTATE
Russ Woolley

Russ Woolley

President - Broker Owner | License ID: 10311203807

+1(845) 304-6038

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