255 Fulton Ave

Investment Highlights

Fully-Occupied Retail Building in Hempstead, NY Great Investment Opportunity Property has a Full Basement that the Tenants Use for Storage & Refrigeration Municipal Parking Lots Located Adjacent & Across from the Building Surrounded by Various Neighborhood Retail & Amenities

Executive Summary

At this location is a fully-occupied retail building with 4 tenants. There are municipal parking lots located adjacent & across from the building. There is 52 ft of Frontage on Fulton Ave. This property is surrounded by various neighborhood retail, amenities, and various ways of transportation.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Storefront General Retail Restaurant Storefront
• Building Size    6,834
• Building Class    C
• Year Built    1928
• Price    3,400,000
• Price Per SF    498
• Cap Rate    5.94
• NOI    202,064
• Percent Leased    100
• Tenancy    Multiple
• Building Height    1 Story
• Building FAR    0.65
• Land Acres    0.24 AC
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Restaurant