USANYNew Hyde Park2374 Jericho Tpke
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$1,880,000

2374 Jericho Tpke, New Hyde Park, NY

Real Estate

For Sale

$--,---,---
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  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $19,769
Days Active 6
Approx. Age 1960
MLS® Number 887381

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Prime investment opportunity on highly visible Jericho Turnpike in the heart of New Hyde Park. This freestanding commercial building features two well-maintained retail storefronts, both occupied by long-standing, reliable tenants with stable tenancy histories. The property currently produces $9, 938/month in rental income, with leases that include scheduled 3% annual rent increases—ensuring steady growth. Tenants are responsible for all utility expenses, creating a low-maintenance, high-efficiency investment. The site benefits from excellent foot and vehicle traffic and is located directly across from a major shopping plaza, adding to its strong commercial presence. With low property taxes ($19, 769/year) and a current 5.1% cap rate, this asset is ideal for 1031 exchange buyers or investors seeking consistent cash flow in a high-demand Nassau County location. Convenient access to LIRR, major highways, bus lines, and surrounding residential neighborhoods adds further value to this exceptional offering.Show Description
MLS® Number887381
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1960
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatSee Remarks
A/CCentral Air
Heating Fuel

Extras

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