Real Estate , ListingName In 805779

3
229-235 S. Franklin Street Hempstead, NY 11550

$879,000

Mixed Use Commercial ML# 805779

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.

Presented By: LAFFEY REAL ESTATE 516-482-1111
Call Today: (516) 287-7716, or Email: Maria Babaev
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Maria Babaev

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