Mixed-Use Building in Franklin Square

942-956 Hempstead Tpke Franklin Square, NY 11010

942-956 Hempstead Tpke, Franklin Square, NY, 11010
942-956 Hempstead Tpke, Franklin Square, NY, 11010 942-956 Hempstead Tpke, Franklin Square, NY, 11010 942-956 Hempstead Tpke, Franklin Square, NY, 11010 942-956 Hempstead Tpke, Franklin Square, NY, 11010
FOR SALE
Property Type:
Mixed Use
Amount:
$8,249,000
Cap Rate:
0.00%
Last Verified:
Mar 04, 2024

• Mixed-Use Building Composed of Commercial & Residential Units • There are 5 Office Units, 15 Retail Units, and 19 Residential Units • Located on a Signalized Intersection • High Traffic Counts: 32,806 Cars Per Day on Hempstead Tpke • Surrounded by Various Neighborhood Retail • Close Proximity to the Stewart Manor LIRR Train Station • There are 10 On-Site Parking Spaces Located Behind the Building

Map of 942-956 Hempstead Tpke, Franklin Square, NY, 11010

Presented by:
American Investment Properties

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Ron Koenigsberg


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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.