facebook
Traded Co logo
Submit

Hellen Keller Services Acquires Office Building From The Incorporated Village Of Hempstead For $8.875M

Property Image
SOLD
$8,875,000
Daniel Abbondandolo
Carmine Inserra
+ 1

New York

See Similar Deals
Office73,500 SF
Sold 03/12/2025
the dealplayerscompscontact
Property Image
SOLD

Hellen Keller Services Acquires Office Building From The Incorporated Village Of Hempstead For $8.875M

1 Helen Keller Way

See Similar Deals
Office73,500 SF
Sold 03/12/2025
Daniel Abbondandolo
Carmine Inserra
+ 1
Contact now

Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$120
Total Square Footage:73,500 SF
Transaction Type:Sale

The sale of an office asset located at 1 Helen Keller Way, Hempstead, NY was completed for a total amount of $8,875,000. The property encompasses a six-story Class B office building with a total area of 73,500 square feet and includes a 35-space indoor parking garage. Built in 1973, the office building is strategically situated at the prominent intersection of Helen Keller Way and Fulton Avenue, providing exceptional visibility and access to major roadways.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $8,875,000
  • Address: 1 Helen Keller Way
  • Market: Hempstead
  • Square Footage: 73,500
  • Buyer: Hellen Keller Services
  • Seller: The Incorporated Village of Hempstead
  • Buyer's Representative: Gary Pezza (Cushman & Wakefield)
  • Seller's Representatives: Carmine Inserra (Cushman & Wakefield), Daniel Abbondandolo (Cushman & Wakefield), Joegy Raju (Cushman & Wakefield)

This transaction showcases the involvement of exclusive brokers from Cushman & Wakefield, reflecting their role in facilitating the successful sale. The property's location benefits from nearby amenities such as Nassau University Medical Center, Eisenhower Park, Hofstra University, and Belmont Park, which contribute to its strategic significance in the market.

Players

Daniel Abbondandolo
84 deals$509.6M volume(631) 425-1232
BROKER

Joegy Raju
Cushman & Wakefield
43 deals$302.6M volume
BROKER

Carmine Inserra
Cushman & Wakefield
6 deals$8.9M volume(516) 236-4202
BROKER

Gary Pezza
DGNY Commercial
6 deals$25M volume(516) 972-4700
BROKER

Details

SOLD
IMAGE: Carmine Inserra, Daniel Abbondandolo, Joegy Raju & Gary Pezza DATE: 03/12/2025 ADDRESS: 1 Helen Keller Way MARKET: Hempstead ASSET TYPE: Office BUYER: The Village of Hempstead SELLER: Helen Keller Services for the Blind BUYER'S REP: Gary Pezza - DGNY Commercial SELLER'S REP: Carmine Inserra, Daniel Abbondandolo (@TeamAbbondandolo) (@LongIslandInvestmentSales) & Joegy Raju (@JoegyRaju) - Cushman & Wakefield (@CushWake) SALE PRICE: $8,875,000 SF: 73,500 ~ PPSF: $120 NOTE FROM BROKER: Cushman & Wakefield is pleased to announce the successful sale of 1 Helen Keller Way, Hempstead, NY, for $8,875,000. This distinctive six-story, 73,500-square-foot Class B office building, constructed in 1973, features a 35-space indoor parking garage and is adjacent to a municipal parking lot with 600 spaces. Strategically located at the bustling intersection of Helen Keller Way and Fulton Avenue, the property offers exceptional visibility and connectivity to key thoroughfares such as Meadowbrook State Parkway and Cross Island Parkway. The site benefits from proximity to numerous area amenities, including Nassau University Medical Center, Eisenhower Park, Hofstra University, and Belmont Park. Please contact the exclusive brokers for further details on this transaction.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$473,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$31,531.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,072.03
Annual Debt Service$504,864.33