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:
Jul 18, 2024

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• 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

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.