NY > New Hyde Park
New Hyde Park, NY 11040,2374 Jericho TPKE
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New Hyde Park, NY 11040,2374 Jericho TPKE
New Hyde Park, NY 11040,2374 Jericho TPKE
New Hyde Park, NY 11040,2374 Jericho TPKE
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Nia Casilla

Nia Casilla

Rockaway Properties

+1(646) 712-0400
$ 1,880,000
Est. payment /mo
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Active

2374 Jericho TPKE New Hyde Park, NY 11040

6,777 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 887381

Rental Info No

Year Built 1960

Annual Tax Amount $19,769

Lot Size 6,777 Sqft

Acres 0.1556

Property Sub-Type Mixed Use

Source onekey2

Property 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.

Location

State NY

County Nassau County

Interior

Heating See Remarks

Cooling Central Air

Fireplace No

Exterior

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

Listed by Skylux Realty Inc
agent

Nia Casilla

Licensed Associate Broker | License ID: 10301208805

+1(646) 712-0400

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2374 Jericho TPKE

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