Share This Listing

Message

959 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

Still interested?

Contact the broker for more information about this property

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

Calling All Investors, Developers & End-Users!!! 84,300+ Sqft. 20 Unit Corner Building With National Tenants & Private Parking Garage On Jericho Tpke. For Sale!!! The Property Is Located In The Heart Of Bellerose On The Corner Of Little Neck Pkwy. Only Blocks From The Cross Island Pkwy.!!! The Building Features Excellent Signage, Great Exposure, R2A/C8-1 Zoning, High 15’ Ceilings, Private Underground Parking Garage, 2 Large Storage Areas, 4 Small Storage Areas, 3 Elevators, Sprinklers, 2 Strategically Placed Curb Cuts, Signalized Intersection, 4 Stories, 120 Parking Spaces, 3 Phase Power, All New LED Lighting, CAC, +++!!! Neighbors Include Starbucks, Chase Bank, Webster Bank, Flagstar Bank, CubeSmart Self Storage, U-Haul, UPS, AT&T, Staples, Mobil, Gulf, Shell, CVS, Dunkin’, 7-Eleven, Mavis Discount Tire, Advance Auto Parts, Dollar Tree, CityMD, Jiffy Lube, Wendy’s, Taco Bell, KFC,  +++!!! The Property Has 190’ Of Frontage On Jericho Tpke. + 134’ Of Frontage On Little Neck Pkwy.!!! This Property Has A Daily Traffic Count Of 32,000+ Vehicles Per Day!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!
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

Sale Type
Investment or Owner User
Property Type
Office
Building Size
60,662 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2019
Price
$45,500,000
Price Per SF
$750.06
Cap Rate
5.77%
NOI
$2,624,291
Percent Leased
89%
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
13,776 SF
Slab To Slab
15’
Building FAR
2.14
Lot Size
0.65 AC
Zoning
R2A/C8-1
Parking
120 Spaces (1.98 Spaces per 1,000 SF Leased)

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
  • Services
  • -
  • -
  • -

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.

  • Health Care and Social Assistance
  • -
  • -
  • -

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.

  • Health Care and Social Assistance
  • -
  • -
  • -

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.

  • Arts, Entertainment, and Recreation
  • -
  • -
  • -

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.

  • Accommodation and Food Services
  • -
  • -
  • -

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.

  • Health Care and Social Assistance
  • -
  • -
  • -

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.

  • Finance and Insurance
  • -
  • -
  • -

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 Developers Playbook
  • Information
  • -
  • -
  • -

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.

  • Educational Services
  • -
  • -
  • -

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.

  • Construction
  • -
  • -
  • -

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
  • 4th Fl-Ste 402
  • 3,438 SF
  • Office/Medical
  • -
  • Now
  • 4th Fl-Ste 404
  • 3,101 SF
  • Office
  • -
  • 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

Moderately walkable
70/100
Moderately drivable
70/100
Strong public transit
80/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
08668-0108
Land Assessment
$1,597,950
Improvements Assessment
$6,922,580
Total Assessment
$8,520,530
Annual Taxes
$450,000 ($7.42/SF)
Tax Year
2026
  • Listing ID: 41074870

  • Date on Market: 6/26/2026

  • Last Updated:

  • Address: 251-73 Jericho Tpke, Bellerose, NY 11426

Contact the Sale Advisor

251-73 Jericho Tpke

Have an account? Log In

What's your inquiry about?*

Select Option

Select at least one option

Preferred Date*

Preferred date is required

First Name*

Last Name*

Email*

Email address is required

Phone*

Ext (optional)

Company (optional)

Message*

Message is required

{{getContactFormMessageFieldCharacterCount()}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Notice.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Hmm, there seems to have been an error sending your message. Please refresh the page and try again.

Your message has been sent.
Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}