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Sold for $790,000
  • $790,000

    78 S Franklin Street, Hempstead, NY 11550

    4beds
    1,223sqft
    Single Family Residence, Residential
    Built in 1878
    7,250 Square Feet Lot
    $823,900 Zestimate®
    $646/sqft
    $4,377 Estimated rent

    Home value

    $823,900

    $742,000 - $915,000

    $4,377/mo

    Zestimate® history
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    $5,211/mo

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    $5,211/mo

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    What's special

    Welcome to 78 S Franklin Street, Hempstead — a beautifully remodeled single-family home offering comfort, space, and incredible future potential. This 4-bedroom, 2-bath residence features a spacious living room, formal dining area, and an updated kitchen designed for today’s lifestyle. With bright interiors, modern finishes, and a thoughtful layout, the home is move-in ready for a new owner or tenant. But what truly sets this property apart is its generous lot size (approx. 7,248 sq ft) and favorable Business B zoning. Investors and developers will appreciate the buildable FAR and flexibility for future mixed-use development, commercial storefronts, or multifamily options (subject to permits and approvals). This makes the property a rare opportunity: enjoy a remodeled home today while unlocking the long-term redevelopment potential of tomorrow. Located in a prime, high-visibility area near shops, restaurants, transportation, and schools, this property offers both lifestyle convenience and investment upside. ? Highlights: 4 Bedrooms, 2 Full Baths Large Living Room & Dining Room Updated Kitchen & Interiors Lot Size: ~7,248 sq ft (50 × 144) Zoning: Business B — potential for future mixed-use or redevelopment Great central Hempstead location close to everything. Whether you’re looking for a comfortable family home or a strategic investment with development potential, this property delivers both. PLEASE CONTACT AN ARCHITECT FOR PROPER INFORMMATION SUCH AS ZONING, POTENTIAL USE AND BUILDABLE FAR.

    Zillow last checked:

    Listing updated:

    Listed by:

    Robert Hakimian 516-859-1611,

    Fox 21 516-637-8344

    Bought with:

    Robert Hakimian, 40HA0990280

    Fox 21

    Source: OneKey® MLS as distributed by MLS GRID,MLS#: 906652MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard
    Cooling
    • None
    Appliances
    • Included: Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Gas Water Heater
    Features
    • First Floor Bedroom, First Floor Full Bath
    • Flooring: Wood
    • Basement: Partial,Unfinished
    • Attic: Full
    Interior area
    • Total structure area: 1,223
    • Total interior livable area: 1,223 sqft

    Property

    Parking
    • Total spaces: 1
    • Parking features: Garage
    • Garage spaces: 1
    Features
    • Levels: Two
    Lot
    • Size: 7,250 Square Feet
    • Dimensions: 50 x 144
    • Features: Back Yard
    Details
    • Parcel number: 2013343580001660
    • Special conditions: None

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    • Property subtype: Single Family Residence, Residential
    Materials
    • Vinyl Siding
    Condition
    • Updated/Remodeled
    • Year built: 1878

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Connected, Natural Gas Connected

    Community & HOA

    HOA
    • Has HOA: No
    Location
    • Region: Hempstead

    Financial & listing details

    • Price per square foot: $646/sqft
    • Tax assessed value: $276,000
    • Annual tax amount: $9,100
    • Date on market: 8/28/2025
    • Cumulative days on market: 116 days
    • Listing agreement: Exclusive Agency
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    2/16/2026Listing removed$4,500$4/sqft
    Source: Zillow Rentals Report a problem
    1/17/2026Listed for rent$4,500$4/sqft
    Source: Zillow Rentals Report a problem
    12/27/2025Sold$790,000$646/sqft
    Source: OneKey® MLS as distributed by MLS GRID #906652 Report a problem
    12/22/2025Pending sale$790,000$646/sqft
    Source: OneKey® MLS as distributed by MLS GRID #906652 Report a problem
    8/29/2025Listed for sale$790,000+755%$646/sqft
    Source: OneKey® MLS as distributed by MLS GRID #906652 Report a problem
    5/29/2001Sold$92,400+10%$76/sqft
    Source: Public Record Report a problem
    8/11/2000Sold$84,000+40%$69/sqft
    Source: Public Record Report a problem
    12/5/1997Sold$60,000$49/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024-- $276 +4.2%
    2023-- $265 -4%
    2022-- $276
    2021$6,200 +10.7%--
    2020$5,601 -6.3%$332 -6.7%
    2019$5,979 $356 -6.1%
    2018$5,979 +0.1%$379 -6%
    2017$5,970 -0.2%$403 -5.6%
    2016$5,981 +693.7%$427 -5.1%
    2015$754 +6.1%$450 -1.7%
    2013$710 -5.3%$458 -13.9%
    2012$750 -85.4%$532 -11%
    2011$5,136 +6.4%$598 -11.7%
    2010$4,828 $677 -9.9%
    2009-- $751 +5.9%
    2008-- $709 +6%
    2006-- $669 -28.3%
    2005-- $933 -21.7%
    2004-- $1,192
    2003-- $1,192 -76.4%
    2002-- $5,050
    2001-- $5,050
    2000-- $5,050
    Find assessor info on the county website

    Neighborhood: 11550

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Barack Obama Elemen School
    • Middle: Alverta B Gray Schultz Middle Sch
    • High: Hempstead High School

    Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $823,900
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $823,900