MLS#1007615
STATUSActive
PROPERTY TYPECommercial - Multiple
SCHOOLJericho
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.
Property Features
Property Type: Commercial - Multiple
Basement: Finished
Basement: Yes
Cooling: Central Air
Heating: ENERGY STAR Qualified Equipment
Lot Size: 0.15 Acres
Taxes: $29,479
Year Built: 2006
Feature Descriptions
Building Area Total: 6900
Business Type: Retail
Exterior: Other
On Market Date: 2026-06-01
Parcel Number: 2259-08-053-00-0156-0
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Utilities: Electricity Connected
Water: Public
Local Schools
School District: Jericho
Listed By / Shown By
Listing By
Agency Name: Kingsland Properties
Agency Contact: 718-380-7400
Shown By
Agent Name: Dominique Ehrlich
Agent Phone: (347) 262-8115 Cell
Agency Title: Coldwell Banker American Homes
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113-119 Jericho Turnpike | MLS# 1007615
This commercial property located at 113-119 Jericho Turnpike , Floral Park, NY 11001 is currently listed for sale with an asking price of $2,750,000. 113-119 Jericho Turnpike is located within the Jericho school district. Search Floral Park real estate on www.propertieswithdom.com today.