About 2374 Jericho Turnpike
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.
Features of 2374 Jericho Turnpike
| MLS® # | 887381 |
|---|---|
| Price | $1,880,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,600 |
| Acres | 0.16 |
| Year Built | 1960 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Pending |
Community Information
| Address | 2374 Jericho Turnpike |
|---|---|
| City | New Hyde Park |
| County | Nassau County |
| State | NY |
| Zip Code | 11040 |
Additional Information
Listing Details
| Office | Skylux Realty Inc |
|---|---|
| Office Contact | 718-500-2231 |