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    2374 Jericho Tpke New Hyde Park, NY 11040

    Pending
    For Sale
    $1,880,000

    Mixed Use - New Hyde Park, NY

    Type:Mixed Use
    Property size:
    2,600 SF
    Lot size:
    0.16 Acres
    Days on Market:
    86
    Last Refresh:
    Dec 13 at 3:06 pm

    Property Features for 2374 Jericho Tpke

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Pending
    APN
    2289-33-160-00-0052-0
    Size
    2,600 SF
    Lot size
    0.16 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1960
    Number of units
    2
    Building materials
    Brick
    Architectural style
    Other

    CHASE GLOBAL REALTY CORP (347) 226-0870 [email protected]

    Listing agent Fei Guo (718) 500-2231 License #10311210012

    Listing date Sep 19, 2025

    MLS# 887381 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    New Hyde Park Investment Opportunity

    This freestanding commercial building, situated on Jericho Turnpike in New Hyde Park, presents a prime investment opportunity. The property features two well-maintained retail storefronts, both occupied by long-standing, reliable tenants with stable tenancy histories. The property generates $9,938 per month in rental income, with leases that include scheduled 3% annual rent increases. Tenants are responsible for all utility expenses. The 2,600 square foot building sits on a 0.1556-acre lot. The location benefits from excellent foot and vehicle traffic and is located directly across from a major shopping plaza. With low property taxes at $19,769 per 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 offering.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    KM Kitchen and Bath Cabinet Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    wild flour studio

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.658826
    Latitude
    40.742712

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    FAQs

    What type of property is this?
    Storefront property - Freestanding commercial building with stable tenants and strong cash flow.
    Where is this storefront property located?
    The property is located at 2374 Jericho Tpke New Hyde Park, NY.
    What is the asking price?
    The asking price for this property is $1,880,000.
    What are key features of this property?
    This property features: - Prime location on highly visible Jericho Turnpike in New Hyde Park with excellent foot and vehicle traffic.; - Currently generates $9,938/month in rental income with 3% annual rent increases.; - Long-standing, reliable tenants occupy both well-maintained retail storefronts.
    (718) 500-2231
    Request Owner's contact information
    2374 Jericho Tpke New Hyde Park, NY 11040
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    New Hyde Park, NY 11040
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2374 Jericho Tpke New Hyde Park, NY 11040
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