Your email has been sent.
251-73 Jericho Tpke 60,662 SF 89% Leased 4-Star Office Building Bellerose, NY 11426 $45,500,000 ($750.06/SF) 5.77% Cap Rate



Investment Highlights
- Calling All Investors, Developers & End-Users! 84,300+ Sqft. 20 Unit Corner Building With National Tenants & Private Parking Garage On Jericho Tpke.!!
- The Building Features Excellent Signage, Great Exposure, R2A/C8-1 Zoning, High 15’ Ceilings, Private Underground Parking Garage, 3 Elevators, +++!!!
- The Property Has 190’ Of Frontage On Jericho Tpke. + 134’ Of Frontage On Little Neck Pkwy. & Has A Daily Traffic Count Of 32,000+ Vehicles Per Day!!!
- he Property Is Located In The Heart Of Bellerose On The Corner Of Little Neck Pkwy. Only Blocks From The Cross Island Pkwy.!!!
- Neighbors Include Starbucks, Chase Bank, Webster Bank, Flagstar Bank, CubeSmart Self Storage, U-Haul, UPS, AT&T, Staples, Mobil, Gulf, Shell, +++!!!
- This Property Offers HUGE Upside Potential!!!
Executive Summary
Income:
LL:
Unit Parking (15,000 Sqft.): $225,000 Ann. (Available)
C1 Storage (7,500 Sqft.): $112,500 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/26; (1) 2 Year Option.
C2: Northbay Builders Corp Storage (5,000 Sqft.): $75,000 Ann.; Lease Exp.: 4/30/27.
C2: AB Capstone File Room (600 Sqft.): $12,000 Ann.; Lease Exp.: 8/30/28.
C3: Storage (600 Sqft.): $12,000 Ann. (Available)
1st Floor:
Unit 1: Retro Fitness (2,850 Sqft.): $99,750 Ann.; 3% Ann. Inc.; Lease Exp.: 5/31/35; (1) 5 Year Option.
Unit 2: Kung Fu Tea (589 Sqft.): $36,896.15 Ann.; 3% Ann. Inc.; Lease Exp.: 1/30/31; (1) 5 Year Option.
Unit 3: US Kitchen Cabinet LLC (1,500 Sqft.): $77,660.11 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/33; (1) 5 Year Option.
Unit 4-6: Tiger Schulman Karate (4,334 Sqft.): $204,317.12 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 8/31/36; (2) 5 Year Options.
Unit 7: Juice Bar (600 Sqft.): $30,000 Ann. 3 % Ann. Inc.; Lease Exp.: 8/31/28.
Unit 8: LYMM Creations Krafty Hands (1,200 Sqft.): $60,777.46 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/33; (1) 5 Year Option.
Unit 10: Children Of America (3,058 Sqft.): Included In Suite 302 Lease.
2nd Floor:
Suite 201: Law Office (1,200 Sqft.): $46,275.84 Ann.; 3% Ann. Inc.; Lease Exp.: 11/30/26; (1) 5 Year Option.
Suite 202: Office (800 Sqft.): $30,900 Ann.; 3% Ann. Inc.; Lease Exp.: 8/31/30; (1) 5 Year Option.
Suite 203: Primerica (1,550 Sqft.): $80,922.03 Ann.; 3% Ann. Inc.; 11/30/26; (1) 5 Year Option.
Suite 204: Retro Fitness (14,500 Sqft.): $623,805.96 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 8/31/33; (3) 5 Year Options.
3rd Floor:
Suite 301: Northwell Health (3,766 Sqft.): $179,790.72 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 3/31/29; (1) 3 Year Option.
Suite 302: Children Of America (9,267 Sqft.): $480,058.75 Ann.; 10% Inc. Every 5 Years; Lease Exp.: 4/30/39; (3) 5 Year Options. (Includes Unit 10 + Roof Space)
4th Floor:
Suite 400: Body Language Aesthetics Corp (1,500 Sqft.): $61,744.38 Ann.; 3% Ann. Inc.; Lease Exp.: 12/31/29.
Suite 401: Borealis Dermatology (2,400 Sqft.): $124,570.88 Ann.; 3% Ann. Inc.; Lease Exp.: 10/31/29; (1) 5 Year Option.
Suite 403 (3,000 Sqft.): $144,000 Ann. (Available)
Suite 404: Cash Advance Office (3,500 Sqft.): $144,000 Ann.; 3% Ann. Inc.; Lease Exp.: 7/31/33; (1) 5 Year Option.
Roof:
Antenna: Dish Network (1,000 Sqft.): $31,212 Ann.; 2% Ann. Inc.; Lease Exp.: 8/31/42.
Playground: Children Of America (5,000 Sqft.): Lease Exp.: 10/31/38.
Rental Income: $2,893,181.40 Ann.
Reimbursement Income: $289,500 Ann.
Expenses:
Utilities: $24,000 Ann.
Insurance: $46,890 Ann.
Maintenance & Repairs: $37,500 Ann.
Taxes: $450,000 Ann.
Gross Income: $3,182,681.40 Ann.
Total Expenses: $558,390 Ann.
Pro Forma Net Operating Income (NOI): $2,624,291.40 Ann.
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$2,893,181
|
$47.69
|
| Other Income |
$289,500
|
$4.77
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$3,182,681
|
$52.47
|
| Taxes |
$450,000
|
$7.42
|
| Operating Expenses |
$108,390
|
$1.79
|
| Total Expenses |
$558,390
|
$9.20
|
| Net Operating Income |
$2,624,291
|
$43.26
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $2,893,181 |
| Annual Per SF | $47.69 |
| Other Income | |
|---|---|
| Annual | $289,500 |
| Annual Per SF | $4.77 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $3,182,681 |
| Annual Per SF | $52.47 |
| Taxes | |
|---|---|
| Annual | $450,000 |
| Annual Per SF | $7.42 |
| Operating Expenses | |
|---|---|
| Annual | $108,390 |
| Annual Per SF | $1.79 |
| Total Expenses | |
|---|---|
| Annual | $558,390 |
| Annual Per SF | $9.20 |
| Net Operating Income | |
|---|---|
| Annual | $2,624,291 |
| Annual Per SF | $43.26 |
Property Facts
Amenities
- 24 Hour Access
- Controlled Access
- Conferencing Facility
- Fitness Center
- Food Service
- Restaurant
- Security System
- Signage
- Skylights
- Wheelchair Accessible
- Reception
- Roof Terrace
- Storage Space
- Air Conditioning
- Balcony
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Body Language is a New York beauty and wellness destination focused on aesthetic transformations and self-care. The company offers body contouring, skin tightening, facials, wood therapy, laser hair removal, intimate bleaching, lip fillers, couples massage, post-surgery massage, lymphatic drainage, and payment plans. The company provides personalized treatment plans built around client needs, combining aesthetic and wellness offerings under one brand.
Borealis Dermatology began in 2019 after Dr. Navin Arora created the practice to provide medical, surgical, and cosmetic dermatology care across Long Island and downstate New York. The company serves patients through a full spectrum of services that includes acne care, skin cancer evaluation, mole removal, laser treatments, aesthetic services, and treatment for skin, hair, and nail conditions. Borealis Dermatology is a comprehensive dermatology practice focused on efficient, caring care delivery and broad dermatologic coverage for common and complex concerns.
Children of America was founded in 1997 as a Florida-based childcare provider focused on early learning and after-school programs. Children of America now serves families through a wide network of schools across the United States, offering infant care, toddler care, preschool, pre-K, and before-and-after-school programs. Children of America also centers its curriculum on Mind & Body Matters™, a whole-child approach that combines academic skill-building with fitness, character development, nutrition, and social-emotional learning. The company presents itself as a nationally accredited preschool and supports families with parent resources, school search tools, and enrollment information through its current website.
Krafty Hands (formerly Fun Craft), was founded in 1989 and has over 25 years of knowledge and expertise when it comes to children’s entertainment. Located in Syosset they have developed a niche for Fun! From planning unique, one of a kind parties to assisting customers who want to create rare masterpieces, Krafty Hands is the place to be! The versatility of activities offered and the professionalism of a caring staff is what makes Krafty Hands different from the rest! Krafty Hands also gives back to the community by offering monthly art classes to those with special needs and disabilities. This is just one of the many facets that Krafty Hands has to offer and is what makes Krafty Hands a top-rated children’s party center and a renowned leader in arts, crafts and activities.
Kung Fu Tea began in Queens, New York in 2010 and grew from a local bubble tea concept into a broad beverage brand with a presence across the United States and Canada. The company focuses on bubble tea, milk tea, slushes, and other made-to-order drinks, with an emphasis on fresh brewing and Taiwan-inspired tea culture. Kung Fu Tea offers digital ordering through its app and promotes National Bubble Tea Day as part of its brand story.
Northwell Health began in 1997 with the merger of North Shore Health System and Long Island Jewish Medical Center, creating a regional health network that later adopted the Northwell name. The company has grown into a large nonprofit health system serving patients across New York and Connecticut. Northwell Health provides hospital care, outpatient services, physician practices, emergency care, research, medical education, and community health programs. The business also operates research and training programs that support clinical innovation and the development of future physicians and health professionals.
Primerica began in 1977 as an insurance and financial services company built around the "Buy Term and Invest the Difference" philosophy. The company serves middle-income households with term life insurance, investment products, and other financial solutions through a network of licensed representatives. Primerica operates as an independent public company and continues to function as a financial services business with insurance company subsidiaries and client investment accounts.
The Dev Playbook began as a studio methodology for indie-scale software work and later opened its development framework to the public. The company focuses on a structured, repeatable app-building process that moves from concept and validation through production and post-launch, with step guides, templates, and documented examples from real projects. The business maintains a portfolio of apps across categories such as iOS games, SaaS platforms, and health apps, demonstrating a market presence centered on practical development workflows and build-in-public documentation.
Decades of high-level Mixed Martial Arts competitions have proven that there are 4 disciplines that are needed to be successful in a hand to hand combat situation. They include Boxing, Muay Thai, wrestling, and Jiu-jitsu. Tiger Schulmann’s is an eclectic martial arts system that incorporates the most effective techniques from all 4 of these disciplines creating an unparalleled self-defense system.
US Modern Cabinet began as a home renovation and cabinetry business and built its showroom around custom cabinetry and kitchen planning. The company focuses on kitchen design, 3D layout rendering, kitchen refacing, cabinet refacing, kitchen remodeling, flooring, bath vanities, countertops, walk-in closets, and home renovation services. The business offers free 3D design and estimate consultations, serving residential projects through a kitchen-and-bath format centered on modern interior upgrades.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Services | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Arts, Entertainment, and Recreation | - | - | - | ||
|
Accommodation and Food Services | - | - | - | ||
|
Health Care and Social Assistance | - | - | - | ||
|
Finance and Insurance | - | - | - | ||
| The Developers Playbook | Information | - | - | - | ||
|
Educational Services | - | - | - | ||
|
Construction | - | - | - |
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
- 1st Floor
- 309 SF
- Retail
- -
- Now
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 309 SF | Retail | - | Now |
| 4th Fl-Ste 402 | 3,438 SF | Office/Medical | - | Now |
| 4th Fl-Ste 404 | 3,101 SF | Office | - | Now |
1st Floor
| Size |
| 309 SF |
| Space Use |
| Retail |
| Build-Out |
| - |
| Available |
| Now |
4th Fl-Ste 402
| Size |
| 3,438 SF |
| Space Use |
| Office/Medical |
| Build-Out |
| - |
| Available |
| Now |
4th Fl-Ste 404
| Size |
| 3,101 SF |
| Space Use |
| Office |
| Build-Out |
| - |
| Available |
| Now |
4th Fl-Ste 402
| Size | 3,438 SF |
| Space Use | Office/Medical |
| Build-Out | - |
| Available | Now |
4th Fl-Ste 404
| Size | 3,101 SF |
| Space Use | Office |
| Build-Out | - |
| Available | Now |
Property Taxes
| Parcel Number | 08668-0108 | Total Assessment | $8,520,530 |
| Land Assessment | $1,597,950 | Annual Taxes | $450,000 ($7.42/SF) |
| Improvements Assessment | $6,922,580 | Tax Year | 2026 |
Property Taxes
Contact the Sale Advisor
251-73 Jericho Tpke







