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2374 Jericho Tpke
New Hyde Park, NY 11040
Retail Property For Sale
Investment Highlights
- Strategically situated on Jericho Turnpike—one of Long Island’s busiest commercial corridors—across from a major shopping plaza, ensuring strong foot
- Fully leased to long-standing, reliable tenants, with leases featuring annual 3% rent escalations, ensuring predictable rent growth
- Low operating expenses: tenants pay all utilities, reducing landlord responsibilities
- Single-story brick structure built in 1960, comprising two separate retail storefronts
- Current gross rental income: $9,938/month (~$119,256/year)
- Yearly property taxes: $19,769 (~$1,647/month)
Property Facts
Property Type
Retail
Property Subtype
Building Size
2,600 SF
Building Class
C
Year Built
1960
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.16 AC
Parking
5 Spaces (1.92 Spaces per 1,000 SF Leased)
Frontage
58’ on Jericho Tpke
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 2289-33-160-00-0052-0 | Improvements Assessment | $0 |
| Land Assessment | $2,536 | Total Assessment | $2,536 |
Property Taxes
Parcel Number
2289-33-160-00-0052-0
Land Assessment
$2,536
Improvements Assessment
$0
Total Assessment
$2,536
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