145 N Franklin St - Office FOR SALE


Hempstead, NY 11550
$17,995,000 USD
631-742-6338
145 N Franklin St, Hempstead, NY for Sale
$17,995,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

145 N Franklin St
Hempstead, NY 11550


HIGHLIGHTS

  • 5 Minute Walk to Hempstead LIRR
  • 2 Minute Drive to Hempstead LIRR
  • 15 Minute Drive to UBS Arena
  • 19 Minute Drive to JFK Airport

OVERVIEW

This exceptional shovel-ready mixed-use development opportunity at 145 N Franklin Street in Hempstead, NY offers investors and developers the chance to deliver a high-demand senior living community in a rapidly evolving market. The project is approved for a 244-unit residential development (comprised of 232 one-bedroom and 12 two-bedroom units) designated for 62+ living, along with approximately 8,200 square feet of ground-floor commercial space, ideal for complementary retail or service-based tenants. Spanning approximately 214,345 buildable square feet on 1.6 acres, the site is strategically positioned in a central location with strong accessibility and surrounding amenities. Asking price is $17,995,000 - $69k per unit plus $139 PSF retail including existing entitlements.

FOR SALE DETAILS

PRICE

$17,995,000 USD

PRICE/SF

$399 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,064 SF

ZONING

-

APN/PARCEL ID

2013-34-286-00-0002-0

ASK ABOUT THIS PROPERTY

Stephen CadoretteCushman & WakefieldMore Info
631-742-6338

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Stephen CadoretteCushman & WakefieldMore Info
631-742-6338

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.