2005 Park Street, Hempstead (Atlantic Beach), NY, 11509 | $4,500

This fully renovated commercial/mixed-use property in the Village of Atlantic Beach offers a rare opportunity to own a standout business location in a prime coastal setting. Designed with a striking 2024 contemporary aesthetic, both inside and out, this property is unlike anything else in the area. Its enormous front windows and elegant double doors create a bold and inviting presence, ensuring maximum visibility for any business. Inside, the 1, 350 sq. ft. open floor plan boasts soaring 11-foot ceilings, providing a spacious and flexible layout that can be customized to suit a variety of business needs. Beyond the interior, a generous 3, 000 sq. ft. backyard and side yard offer endless possibilities for expansion, outdoor seating, or event space. The total lot size of 4, 500 sq. ft. enhances the potential for creative use and business growth. Positioned at the foot of the Atlantic Beach Bridge on a well-traveled street, this property benefits from constant traffic flow leading to the Five Towns, Long Beach, Lido Beach, and major parkways, making it an ideal location for attracting customers. Its corner location on a beach block offers direct access to exclusive beach clubs, the ocean, and the boardwalk, further elevating its appeal. With its unparalleled location, striking modern design, and expansive interior and exterior space, this property presents an incredible opportunity for a thriving business in one of the most desirable coastal communities. Don't miss the chance to establish your presence in this premier Atlantic Beach location.

Features

  • Town: Hempstead
  • Property Type: Business
  • Construction: Brick
  • Utilities: Electricity Available, Water Available
  • Heating: Forced Air
  • Cooling: Central Air
  • Year Built: 1965
  • Acreage: 0.1
  • Est. Taxes: $10,812
  • MLS#: 826896
  • Days on Market: 1 day
  • Website: https://www.raveis.com
    /prop/826896/2005parkstreet_hempstead_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listing courtesy of Douglas Elliman Real Estate   Phone: 516-432-3400

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 1880936

347.223.0992

Sarah.DeFlorio@Raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

2005 Park Street, Hempstead (Atlantic Beach), NY, 11509

$4,500

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Sarah DeFlorio

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 347.223.0992

Sarah.DeFlorio@Raveis.com

NMLS Mortgage Loan Originator ID 1880936

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $3,600 $3,600 $3,600
Term 360 months 360 months 180 months
Initial Interest Rate** 6.750% 7.125% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.173% 7.316% 6.550%
Monthly Tax Payment $901 $901 $901
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $23 $24 $31
Total Monthly Payment $999 $1,000 $1,007

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.