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2921-2953 Hempstead Tpke 67,872 sq ft 96% Let Retail Property Levittown, NY 11756 £18,691,500 (£275.39/sq ft) 5.68% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Incredible visibility and access on Hempstead Tpke.
- Extensive recent renovations for multiple restaurant users
- Shadow-anchored by Staples, PC Richard, Skechers, and Wren Kitchens
- Resilient and synergistic tenant mix including 7 restaurants!
- All municipal parking with extensive parking field in rear
EXECUTIVE SUMMARY
Prime Long Island multi-tenant retail property, on extremely busy retail and business corridor of Hempstead Tpke. in Levittown. The property is home to retail, food service, services, and entertainment tenants and is located in a combined development with shadow-anchors including Staples and PC Richard. Municipal parking lot, including huge rear parking field, maintained by town. Extensive bespoke improvements for recent tenants including IHop, Izumi, WingStop, and four additional restaurants.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER sq ft |
|---|---|---|
| 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 sq ft | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per sq ft | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per sq ft | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Size
67,872 sq ft
Costar Property Class
C
Year Built
1985
Price
£18,691,500
Price per sq ft
£275.39
Yield
5.68%
NOI
£1,061,869
Occupancy Rate
96%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.88
Total Plot Size
1.77 ac
Use Class
Commercial - Commercial
Parking
130 Spaces (2.46 Spaces per 1,000 sq ft Leased)
Frontage
360 ft on Hempstead Turnpike
AMENITIES
- Bus Route
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Security System
- Signage
- Signalised Intersection
- Tenant Controlled HVAC
- Accent Lighting
- Storage Space
- Recessed Lighting
- Air Conditioning
SPACE AVAILABILITY
- SPACE
- SIZE
- USE
- POSITION
- AVAILABLE
Inline, retail. Call for rental rates.
| Space | Size | Space Use | Position | Available |
| 2947 Hempstead Tpke | 3,000 sq ft | Retail | In-Line | Now |
2947 Hempstead Tpke
| Size |
| 3,000 sq ft |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2947 Hempstead Tpke
| Size | 3,000 sq ft |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail. Call for rental rates.
Walk Score®
Easily Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 2089-45-M-00-0024-0 | Improvements Assessment | £26,700 |
| Land Assessment | £11,800 | Total Assessment | £38,500 |
PROPERTY TAXES
Parcel Number
2089-45-M-00-0024-0
Land Assessment
£11,800
Improvements Assessment
£26,700
Total Assessment
£38,500
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2921-2953 Hempstead Tpke
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