113-119 Jericho Turnpike, Floral Park, NY 11001
Nassau County
Key Facts
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.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
2006
Living Area
6,900 sq ft
Lot Size
0.15 acres
Days on Market
1
MLS® Listing#
1007615
Property Features
Cooling
Heating
Basement
Construction
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$29,480
Assessed Value
$7,612
Parcel Number
2259-08-053-00-0156-0
Affordability Calculator
$550,000
Estimated monthly payment
$14,637/mo
Principal $2,200,000 · Est. interest $3,069,196 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Floral Park, NY
- $760,215
- Median Listing Price
- 54
- Median Days on Market
- 1,427
- Median Sq Ft
- $500
- Median Price / Sq Ft
- 762
- Active Listings
- This home’s price is 262% above the area median.
- Its price per sq ft is 20% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Floral Park, NY.
Location
Points of Interest in Floral Park, NY
Showing the Floral Park area map.
Nearby Schools
John Lewis Childs School
Elementary · 0.2 mi away
Arrow Auto School
School · 0.3 mi away
My First School
Elementary · 0.3 mi away
PS 191
Elementary · 0.4 mi away
P. S. 993
School · 0.4 mi away
Victory Our
School · 0.5 mi away
PS 133
Elementary · 0.6 mi away
Little Flower Daycare
School · 0.7 mi away
Floral Park-Bellerose School
Elementary · 0.9 mi away
Floral Park Memorial High School
Secondary · 0.9 mi away
The Learning Loft
School · 1.0 mi away
Irwin Altman Middle School 172
Secondary · 1.0 mi away
PS 115q the James J. Ambrose School
Elementary · 1.1 mi away
Sewanhaka High School
Secondary · 1.2 mi away
Stewart Manor Elementary School
Elementary · 1.2 mi away
Sewanhaka Central High School District
Secondary · 1.2 mi away
Our Lady of the Snows
School · 1.2 mi away
P. S. 018 Winchester
Elementary · 1.3 mi away
PS/Is 295
Elementary · 1.4 mi away
Hillside Grade School
Elementary · 1.4 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 1229 Route 9G, Hyde Park, NY | $1,950,000 | — | — | 8,600 |
| 10 Boice Road, Hyde Park, NY | $1,950,000 | — | — | 7,560 |
| 29 E Bayview Avenue, Ocean Bay Park, NY | $1,950,000 | 3 | 2 | 1,296 |
| 212 Carriage Way, Hyde Park, NY | $1,950,000 | 4 | 5 | 4,648 |
| 150-42 99th Place, Ozone Park, NY | $1,989,000 | 8 | 6 | 3,300 |
| 60 Woods Road, Tuxedo Park, NY | $1,995,000 | — | — | 12,650 |
Moving Cost Estimate
EXIT Agents in Floral Park
Listing Courtesy: Kingsland Properties - 7183807400
Presented by: Sergey Babayev M
Fair Housing Notice