Mixed-Use Income
113-119 Jericho Tpke Floral Park, NY 11001
For Sale
$2,750,000
Two commercial units plus two residential apartments with on-site parking support a diversified income stream.
Days on Market56
Property Features for 113-119 Jericho Tpke
General Information
Standard status
Active
Property subtype
Commercial
Building Details
Year Built
2006
Listing Agency:
KINGSLAND PROPERTIES
(646) 267-3979
Listed By:
Sergey M. Babayev · License #10301223235
(646) 267-3979
Source:
Elliman
Added: Jun 3
Changed: Jul 10
Last Checked: Jul 27 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KINGSLAND PROPERTIES
Investment Insights
Based on property information with market context.
The property at 113-119 Jericho Turnpike presents a mixed-use income structure combining two commercial units and residential space. The two commercial units are approximately 1,200 SF each and include full basements. The second floor features two 2-bedroom apartments, and the grounds include a 60' x 60' parking lot to support day-to-day parking needs.
Set on Jericho Turnpike in Floral Park, the asset is positioned for both commercial and residential visibility and convenience, with walkScore of 79 and transitScore of 50 reported for the area. BikeScore is reported at 54, reflecting moderate bikeability. The property’s income profile is supported by commercial and residential tenants reflected in the provided annual figures.
From an ownership and leasing standpoint, the mix of commercial and residential components can appeal to operators seeking multiple revenue streams within a single building. Commercial tenants have dedicated unit space with full basements, while the second-floor apartments provide separately leased residential units. The financials provided include approximately $141,600 in annual gross income, approximately $32,000 in annual property taxes, an estimated NOI of approximately $127,800, and a stated 4.7% cap rate based on the $2,750,000 asking price.
Set on Jericho Turnpike in Floral Park, the asset is positioned for both commercial and residential visibility and convenience, with walkScore of 79 and transitScore of 50 reported for the area. BikeScore is reported at 54, reflecting moderate bikeability. The property’s income profile is supported by commercial and residential tenants reflected in the provided annual figures.
From an ownership and leasing standpoint, the mix of commercial and residential components can appeal to operators seeking multiple revenue streams within a single building. Commercial tenants have dedicated unit space with full basements, while the second-floor apartments provide separately leased residential units. The financials provided include approximately $141,600 in annual gross income, approximately $32,000 in annual property taxes, an estimated NOI of approximately $127,800, and a stated 4.7% cap rate based on the $2,750,000 asking price.
Key Highlights
- 2006‑built mixed‑use property at 113‑119 Jericho Turnpike, Floral Park, NY
- Two commercial units of approximately 1,200 SF each, both with full basements
- Second‑floor residential unit mix: two 2‑bedroom apartments
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Residential income property - Two commercial units plus two residential apartments with on-site parking support a diversified income stream.
Where is this residential income property located?
The property is located at 113-119 Jericho Tpke Floral Park, NY.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 2006‑built mixed‑use property at 113‑119 Jericho Turnpike, Floral Park, NY; Two commercial units of approximately 1,200 SF each, both with full basements; Second‑floor residential unit mix: two 2‑bedroom apartments
