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Franklin Square Real Estate

Every time you use your credit card, you can thank the hamlet of Franklin Square, N.Y.

This hamlet, located in the New York town of Hempstead, was once home to Franklin National Bank, which, at one time, ranked as the 20th-largest bank in the United States. It was also one of the most innovative: Its leadership introduced the first credit cards to the United States. The bank also boasted the first junior savings accounts for youngsters and the first drive-up teller windows.

Unfortunately, Franklin National also introduced U.S. consumers to large-scale banking fraud. In 1974, the bank failed because of fraud and mismanagement. At that time, it was the largest bank failure in the United States, and led banking industry regulators to tighten their oversight over financial institutions across the country.

Franklin National Bank, though, is just one piece of history in this charming hamlet of about 30,000 residents in New York's Nassau County. According to the Franklin Square Historical Society, famed writer Walt Whitman once taught in the hamlet's public schools, and Franklin Square once ranked as the largest town in the United States that was not served by a railroad.

Today, Franklin Square is filled with charming homes, plenty of park space and highly ranked schools. Visitors and residents alike enjoy the eclectic mix of restaurants, while antique stores and boutiques offer plenty for shoppers.

The community here is a tight-knit one, perhaps demonstrated most acutely during the annual Volksfest festival. Held each July by the Plattdeutsche Volkfest Vereen, a society dedicated to preserving and celebrating German culture, the festival brings lively music, a variety of German foods and games and a bustling beer garden to Franklin Square.

Franklin Square is also home to a number of youth sports teams, including those dedicated to football, baseball, softball and soccer, and active civic groups that plan festivals, clean-up days and other neighborhood activities.

 

 

 

Community Information

Listings for Sale or Rent in Franklin Square

575 MADISON AVENUE, NEW YORK, NY 10022. 212. 891.7000 © 2019 DOUGLAS ELLIMAN REAL ESTATE. ALL MATERIAL PRESENTED HEREIN IS INTENDED FOR INFORMATION PURPOSES ONLY. WHILE, THIS INFORMATION IS BELIEVED TO BE CORRECT, IT IS REPRESENTED SUBJECT TO ERRORS, OMISSIONS, CHANGES OR WITHDRAWAL WITHOUT NOTICE. ALL PROPERTY INFORMATION, INCLUDING, BUT NOT LIMITED TO SQUARE FOOTAGE, ROOM COUNT, NUMBER OF BEDROOMS AND THE SCHOOL DISTRICT IN PROPERTY LISTINGS SHOULD BE VERIFIED BY YOUR OWN ATTORNEY, ARCHITECT OR ZONING EXPERT. EQUAL HOUSING OPPORTUNITY. DRE # 01947727