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$ 2,750,000
Est. payment | /mo
6,708 Sqft Lot
$ 2,750,000
Est. payment | /mo
6,708 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1007615
Rental Info No
Year Built 2006
Annual Tax Amount $29,479
Lot Size 6,708 Sqft
Acres 0.154
Property Sub-Type Mixed Use
Source onekey2
Property Description
113–119 Jericho Turnpike, Floral Park, NY – Prime mixed-use investment opportunity featuring two commercial units (approximately 1,200 SF each with full basements), two 2-bedroom apartments on the second floor, and a 60' x 60' parking lot. The property generates approximately $141,600 in annual gross income, including $96,000 from commercial tenants and $45,600 from residential units. Annual property taxes are approximately $32,000, with approximately 70% of the tax burden allocated to the commercial tenants, resulting in a net operating income (NOI) of approximately $127,800 and a 4.7% cap rate based on the $2,750,000 asking price. Well-located on Jericho Turnpike, this asset offers stable income and long-term investment potential.
Location
State NY
County Nassau County
Rooms
Basement Finished
Interior
Heating ENERGY STAR Qualified Equipment
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
High Schools Jericho
School District Jericho
Others
Special Listing Condition None
Listed by Kingsland Properties • Sergey Babayev M
NEARBY SCHOOL & BUSINESS
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