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171 S Franklin Street
Hempstead NY 11550 US

$925,000

Active Listing ID 911557
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Lot: 0.07 Acres
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$925,000

Active Listing ID 911557
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171 S Franklin Street This income-generating commercial property features a double storefront on the ground floor, currently occupied by a grocery and deli, with two apartments above-a two-bedroom and a three-bedroom. The building boasts a new roof with warranty, upgraded 200-amp electric, and new column supports in the basement. Situated on a corner across from new developments, with more projects underway and a new charter school just a block away, it's in a vibrant area close to buses, schools, and the train, attracting long-term tenants. Current rents are $3, 952 for the deli/grocery, $2, 060 for the two-bedroom, and $2, 700 for the three-bedroom, with room for increases. The basement and backyard offer additional income potential. At an asking price of $975, 000, this property delivers a 7.5% cap rate with upside. Priced to sell-don't miss out!

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Property Features

  • Facts
  • Lot Size: 0.07 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Multi Units, Separate Meters
  • Heating Fuels: Natural Gas
  • Additional Features
  • Basement

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 925000
  • unparsedaddress: 171 S Franklin Street
  • postalcity: Hempstead
  • stateorprovince: NY
  • country: US
  • postalcode: 11550
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.0672
  • lotsizeunits: Acres
  • lotsizearea: 0.0672
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Aziz S. Qaud
  • listagentemail: azizquad@aol.com
  • listagentkey: 3yd-MLSLINY-9033124
  • listagentmlsid: 9033124
  • listagentpreferredphone: 5162231000
  • listagentofficephone: 5164677611
  • listofficekey: 3yd-MLSLINY-KEWG01
  • listofficemlsid: KEWG01
  • disclaimer: Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MLSLINY
  • yearbuilt: 1926
  • listingcontractdate: 2025-09-11
  • listagentfax: 5162947263
  • listagenturl: http://kwgreaternassau.com
  • countyorparish: Nassau County
  • parcelnumber: 2013-34-377-00-0387-0
  • cooling: Multi Units, Separate Meters
  • constructionmaterials: Cedar
  • heating: Natural Gas
  • numberofunitstotal: 3
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • rooms: Basement
  • basement: Full
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty of Greater Nassau", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"klrw699@kw.com", "ListBrokerageCity":"Garden City", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw699@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MLSLINY/c5ababc3215f738701215f7e9e660010/20190130215251876.png", "ListBrokerageName":"Keller Williams Realty of Greater Nassau", "ListBrokeragePhone":"(516) 873-7100", "ListBrokeragePostalCode":"11530", "ListBrokerageStateOrProvince":null, "ListBrokerageUnitNumber":"438", "ListBrokerageUnparsedAddress":"400 Garden City Plaza", "ListBrokerageWebsiteUrl":"http://kwgreaternassau.com", "ListOfficeAddress1":"400 Garden City Plz Ste 438 ", "ListOfficeAddress2":"438", "ListOfficeBrokerMlsId":"KEWG01", "ListOfficeCity":"Garden City", "ListOfficeCountry":"USA", "ListOfficeEmail":"kinglima@kw.com", "ListOfficePostalCode":"11530", "ListOfficeStateOrProvince":"NY", "ListPriceCurrencyType":"USD", "ListingTitle":"MULTI_FAMILY - Hempstead, NY", "ListingURL":null, "MLSModificationTimestamp":"2026-03-21 12:36:36", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":28860, "TaxDescription":null, "TaxYear":"2025"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 3/21/2026 12:43:55 PM GMT
Source Updated Date: 3/28/2026 7:02:09 AM GMT

Courtesy of: Aziz S. Qaud, Keller Williams Realty Greater, azizquad@aol.com

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.