21,000 Square Foot Retail Space For Sale @ 155 Franklin Pl

The subject property is a 21,000 SF retail building located in Woodmere, NY currently 100% occupied by two tenants. The subject was built-to-suit for the New York Sports Club who has occupied the property since 2002. New York Sports Club recently renewed its lease for an additional 10 years through March of 2027 which demonstrates their commitment to the location. With 150 locations, Town Sports International (New York Sports Club’s parent company) is the 3rd largest operator in the United States and is publically listed on the NASDAQ stock exchange. Woodmere is one of the Long Island communities known as the Five Towns, which usually said to comprise the villages of Lawrence and Cedarhurst, the hamlets of Woodmere and Inwood, and The Hewlett’s, which consist of the villages of Hewlett Bay Park, Hewlett Harbor and Hewlett Neck and the hamlet of Hewlett, along with Woodsburgh. The “towns” most commonly included as constituents of the Five Towns are all within the Town of Hempstead. Woodmere, the most popular of the Five Towns, attracts many young families from Queens, Brooklyn and Manhattan who are drawn to the suburban lifestyle and the community’s school district.