BEDS0
BATHS
MLS#982318
STATUSActive
PROPERTY TYPECommercial - Multiple
Property Description
Located at the heart of the five corners, this cash flowing commercial mixed-use asset consists of a ground floor retail space and two residential apartment units, a well manicured back lawn, and two dedicated parking spaces. Each apartment unit is a fully updated 2 bedroom, 1 bathroom with annual leases in place and long-term reliable tenants. The upstairs residential tenant is paying $2,850/month and the first-floor residential tenant is paying $2,200/month, well below market rent. The commercial tenant is in the third year of a five year gradual rate increase lease, and is currently paying $3,502/month, bringing gross annual income to $102,624. The commercial tenant has very consistent clientele with plenty of foot traffic and has operated a successful business out of the retail space for many years.This consistently cash flowing property has been well maintained and is conveniently located less than 10 minutes from the Lynbrook, Valley Stream, Rockville Centre and Malverne train stations.
Property Features
Property Type: Commercial - Multiple
Basement: Yes
Basement: Unfinished
Cooling: Central Air, Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.11 Acres
Taxes: $17,147
Year Built: 1949
Feature Descriptions
Appliances: Gas Range, Refrigerator
Building Area Total: 2986
Business Type: Retail
Days on Site: 2
Exterior: Brick, Frame, Unknown, Vinyl Siding
On Market Date: 2026-04-14
Parcel Number: 2025-38-035-00-0116-0
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Sewer Connected, Water Connected
Water: Public
Listed By / Shown By
Listing By
Agency Name: Signature Premier Properties
Agency Contact: 516-766-7900
Shown By
Agent Name: Mary Haves Cooper
Agent Phone: Cell: (516) 359-6741
Agency Title: Howard Hanna | Coach Realtors
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222 Hempstead Avenue | MLS# 982318
This commercial property located at 222 Hempstead Avenue, Lynbrook, NY 11563 is currently listed for sale with an asking price of $1,100,000. Search Lynbrook real estate on mcooper.coachrealtors.com today.