Price Reduced 0.43%
Price History
$929
9/11/2025
$929,000
9/11/2025
$925,888
11/2/2025
$925,777
11/20/2025
$925,000
1/14/2026
171 S Franklin Street, Hempstead, NY, 11550
1926
This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above—a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it’s in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3,952 for the deli/grocery, $2,060 for the two-bedroom, and $2,700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975,000, this property delivers a 7.5% cap rate with upside. Priced to sell—don’t miss out!
Status:
Active
Type:
Commercial
Units:
3
Heating:
Natural Gas
Cooling:
Multi Units, Separate Meters
Basement:
Full
Acreage:
0.07
Est. Taxes:
$28,860
Construction
Cedar
Utilities
Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Trash Collection Public, Water Connected
Days on Market:
231
MLS #:
911557
Community Info
School Info
Walk Score
Mass Transit
Yelp
Listing courtesy of Keller Williams Realty Greater 516-873-7100