2705-2731 Hempstead Tpke
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2705-2731 Hempstead Tpke
26,003 SF 100% Leased Retail Building Levittown, NY 11756 £5,765,866 (£222/SF) 7.14% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Tenants in this shopping center include a hobby store, cantina bar/restaurant, escape room, nail/waxing salon, and a dance studio.
EXECUTIVE SUMMARY
18-unit shopping center with rear parking lot, fully occupied. Strong, resilient tenant mix with favorable lease terms. Enjoys high traffic counts and excellent visibility on a strong retail corridor, at the junction of the Wantagh State Parkway and Hempstead Tpke.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
26,003 SF
Building Class
B
Year Built
1950
Price
£5,765,866
Price Per SF
£222
Net Initial Yield
7.14%
NOI
£411,652
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.56
Lot Size
1.06 AC
Parking
61 Spaces (2.35 Spaces per 1,000 SF Leased)
Frontage
235 ft on Hempstead Tpke
AMENITIES
- Signalised Intersection
Walk Score®
Very Walkable (78)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2089-45-123-00-0032-0 | Improvements Assessment | £2,740 (2024) |
| Land Assessment | £9,450 (2024) | Total Assessment | £12,190 (2024) |
PROPERTY TAXES
Parcel Number
2089-45-123-00-0032-0
Land Assessment
£9,450 (2024)
Improvements Assessment
£2,740 (2024)
Total Assessment
£12,190 (2024)
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2705-2731 Hempstead Tpke
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