Eliou Family Acquires Retail Property On Fulton Avenue From Josh Agus For $3.1M
730 Fulton Avenue
$3,100,000
$736/SF
Building Size
4,208 SF
Asset Type
Retail
Closing
Mar 29, 2026
AI
This retail property located at 730 Fulton Avenue in Hempstead was sold for $3,100,000. The asset features a total area of 4,208 square feet, and has a price per square foot of $736. The property is currently 100% occupied by two national tenants on long-term leases, further enhanced by the presence of a drive-thru.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,100,000
- Square Footage: 4,208
- Price Per Square Foot: $736
- Address: 730 Fulton Avenue
- Market: Hempstead
- Buyer: Eliou Family
- Seller: Josh Agus
- Broker Representatives: Scott Plasky & William Stephan - Marcus & Millichap
Scott Plasky and William Stephan represented the transaction, acting on behalf of both the buyer, Eliou Family, and the seller, Josh Agus. The asset is strategically located directly down the street from Hofstra University, making it a notable property in the local retail market.
Players
Hempstead Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93