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171 S Franklin Street Hempstead, NY 11550
$929,000 $925,888
  • Commercial
  • PRICE REDUCED
  • Year Built 1926
  • Multi Family
  • ML# 911557

Property Details

Overview

This profitable commercial property features a double store on the ground floor, currently operating as a grocery and deli, with two newly renovated apartments above—a two-bedroom and a three-bedroom. The building boasts a new roof with warranty and is located on a corner across from new developments, with more projects underway. A new charter school is just a block away in this vibrant area, close to buses, schools, and the train. The owner is motivated to sell, with current rents at $3800 for the deli/grocery, $2000 for the two-bedroom, and $2700 for the three-bedroom, all occupied by long-term tenants with rental increases. The basement and backyard offer potential for extra income. Priced to sell—don’t miss out!

Key Facts

  • Lot Size: 0.0672
  • Lot Sq Ft: 2926
  • Taxes: $28,860
  • Sale or Rent: Sale

Additional Features

  • Construction Materials: Cedar

Interior & Utilities

  • Heat: Natural Gas
  • A/C: Multi Units, Separate Meters
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $28,860
Listing Information provided courtesy of Keller Williams Realty Greater  516-873-7100
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