113-119 Jericho Turnpike, Floral Park, NY 11001
- $2,750,000
- List Price
- $2,750,000
- Status
- ACTIVE
- MLS#
- 1007615
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.
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Additional Information
- Lot Size
- 6710
- Basement
- Finished
- Finished Basement
- Y
- Year Built
- 2006
- School District
- Jericho
- Taxes
- $29,479
- Heating
- ENERGY STAR Qualified Equipment
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Sergey Babayev M (babayevsergey888@gmail.com) from Listing Office: Kingsland Properties.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.