2705-2731 Hempstead Tpke
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2705-2731 Hempstead Tpke
26,003 SF 93% Leased Retail Building Levittown, NY 11756 $7,900,000 ($304/SF) 6.28% Cap Rate
Investment Highlights
- Tenants in this shopping center include a hobby store, cantina bar/restaurant, escape room, nail/waxing salon, and a dance studio.
Executive Summary
18-unit shopping center with rear parking lot, fully occupied. Strong, resilient tenant mix with favorable lease terms. Enjoys high traffic counts and excellent visibility on a strong retail corridor, at the junction of the Wantagh State Parkway and Hempstead Tpke.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,003 SF
Building Class
B
Year Built
1950
Price
$7,900,000
Price Per SF
$304
Cap Rate
6.28%
NOI
$495,895
Percent Leased
93%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.56
Lot Size
1.06 AC
Parking
61 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
235 FT on Hempstead Tpke
Amenities
- Signalized Intersection
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Inline, retail, former E-Commerce Florist. Call owner for rental rate.
Inline, retail.
| Space | Size | Space Use | Position | Available |
| 2719 | 700 SF | Retail | In-Line | Now |
| 2721 | 1,200 SF | Retail | In-Line | Now |
2719
| Size |
| 700 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2721
| Size |
| 1,200 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2719
| Size | 700 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail, former E-Commerce Florist. Call owner for rental rate.
2721
| Size | 1,200 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail.
Walk Score ®
Very Walkable (78)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2089-45-123-00-0032-0 | Improvements Assessment | $3,445 (2024) |
| Land Assessment | $11,883 (2024) | Total Assessment | $15,328 (2024) |
PROPERTY TAXES
Parcel Number
2089-45-123-00-0032-0
Land Assessment
$11,883 (2024)
Improvements Assessment
$3,445 (2024)
Total Assessment
$15,328 (2024)
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2705-2731 Hempstead Tpke
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