516-482-1111

229-235 S. Franklin Street, Hempstead, NY 11550

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[Hempstead Real Estate, listing number 7155870]

Description: 7155870

Unique investment opportunity. 1 tax lot, 2 buildings. Structure 1: 2-story Detached, Mixed-Use Retail (Deli)/Residential 3-unit above. Deli leased, expires 2031 w/ 1x5-year renewal. 3% increases, Semi-net. Tenant pays specific repairs, maintenance, utilities, liability insurance. Structure 2: Residential tenants Mo.-Mo. Stabilized Potential Gross Income: $160,00 (with residential TLC). R.E. Taxes: $37,660. Income and expenses (see attachment). Also being offer : 220-228 S. Franklin (see MLS 804752). Investor can purchase either property or both.

Details:
	Families:	5
	Property Type:	Commercial
	Acres:	0.16

Financials:
	Price:	$879,000
	Taxes:	$37,660

Laffey Real Estate
Diane M. Leyden
Office: 516-482-1111

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Laffey Real Estate

200 MiddleNeck Road
Great Neck , NY 11021
Office: 516-482-1111
www.laffey.com

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