222 Hempstead AvenueLynbrook, NY 11563Price: $1,100,000

  • Price: $1,100,000
  • 35 Days on Market
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Federal 30-year interest rate: 6.36% last updated on May 14, 2026
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  • $1,100,000List Price

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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.

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Listed by Anthony DiCosimo of Signature Premier Properties (516-766-7900)

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of May 18, 2026 12:38 AM EDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

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