300 Hempstead | Multi-level Retail and Office | West Hempstead, NY

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300 Hempstead | Multi-level Retail and Office | West Hempstead, NY

  • Description: Retail center consisting of 17 retail tenants in West Hempstead
  • Neighborhood: West Hempstead
  • Lot Size: 32,375 SF
  • Building Size: 31,710 SF
  • Number of Stories: 3
  • Parking: 55 parking spots in front of the centwe and in the back
  • Year Built: 1966
  • Transportation: [n6] bus stations
  • Nearby Retailers: Dollar Tree, CVS Pharmacy, Game Stop, Chase Bank, Rite Aid and more
  • Asking Price: $6,240,000

Details

Highlights:

  • Multi-level office & retail center
  • Located on a hard intersection of Hempstead Turnpike and Arden Avenue
  • 55 parking spots in front & back of the center
  • Strong retail corridor with heavy foot & car traffic on both sides of the streets
  • Over 40,000 cars pass per day
  • Significantly below market rents ~ average of $22.35 PSF
  • National Tenants nearby include: Dollar Tree, Savers, People’s United Bank, Stop & Shop, GameStop, Payless, CVS, Chase Bank, Rite Aid, Cohen’s Optical, and many more
  • Multiple local bus stops right in front of the center and the LIRR is nearby
  • NOI- $ 383,700
  • CAP- 6.15 %
  • Price- 6,240,000

Additional Information

Asset Type

Office, Retail

City

Long Island

Neighborhood

West Hempstead

Price

$ 6,240,000

Building Size

32,000

Cap Rate

6.15 %

 

Map

 

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Our strong relationships with national retailers & office tenants, the broader real estate community, brokers, contractors, architects, engineers, attorneys, and local municipalities offer significant benefits to property owners. We're proud to provide the most comprehensive investment sales, leasing, and property management services across Metropolitan New York and Long Island.

Contact Info

215-15 Northern Boulevard,
3rd Floor
Bayside, NY 11361

Phone: 646.586.2091

Fax: 646.767.6790

Web: www.assetcrg.com