277-287 Hempstead Ave - Storefront Retail/Residential FOR SALE


Malverne, NY 11565
$2,500,000 USD
212-430-5196
277-287 Hempstead Ave, Malverne, NY for Sale
$2,500,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | Request Cap Rate

277-287 Hempstead Ave
Malverne, NY 11565


HIGHLIGHTS

  • The well-located subject property rests on a 0.23-acre parcel with approximately 10,710 square feet of leasable area.
  • The property consists of five (5) storefronts and five (5) apartments.
  • This vibrant portion of Hempstead Avenue is traveled by over 15,000 vehicles daily, with myriad nearby national retailers.
  • Across the street from LIRR Station

OVERVIEW

Marcus & Millichap is pleased to present for sale 277-287 Hempstead Avenue, a mixed-use property located in Malverne, New York. The well-located subject property rests on a 0.23-acre parcel with approximately 10,710 square feet of leasable area. The property consists of five (5) storefronts and five (5) apartments. The apartments are all on month-to-month leases with severely below market rent. This vibrant portion of Hempstead Avenue is traveled by over 15,000 vehicles daily, with myriad nearby national retailers including Chase Bank, USPS, Webster Bank and much more. Area demand drivers include the Malvern LIRR Station and Malverne High School. The subject property is also located just south of the Southern Parkway. Malverne is an affluent, densely populated hamlet located in Southern Nassau County on Long Island. This offering represents a rare opportunity to acquire a cash flowing asset in a premier market. Additional information on this investment opportunity is available upon request.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$233 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1926

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

-

APN/PARCEL ID

2027-37-345-00-0422-0

ASK ABOUT THIS PROPERTY

Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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Michael TuccilloMarcus & MillichapMore Info
212-430-5196

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