Jericho Turnpike Investment
For Sale
$5,300,000
17 E Jericho Tpke, Huntington, NY 11746
19,000 SF building on Jericho Turnpike, Huntington, NY.
Property Size23,958 SF
Lot Size0.55 Acres
Price / SF$278.95
Days on Market164
Property Features for 17 E Jericho Tpke
General Information
Standard status
Active
Size
23,958 SF
Lot size
0.55 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$81,413
Building Details
Building Size
23,958 SF
Listing Agency:
PRECISE BUILDING TECH CORP
(516) 567-0241
Listed By:
Joy B. Kannett · License #NY 01234567
(516) 567-0241
Source:
Elliman
Added: Mar 10
Changed: Aug 12
Last Checked: Aug 20 at 10:31AM
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 PRECISE BUILDING TECH CORP
Investment Insights
Based on property information with market context.
This 19,000 square foot building is located on Jericho Turnpike, near Route 110. The property is divided into a 4,570 square foot showroom, a 1,540 square foot office, and a 10,175 square foot warehouse, with an additional 36.17 square feet of attic storage space. The building is fully occupied by a single tenant under a triple net lease, offering a 7.84% cap rate and a net operating income of $580,000.
Key Highlights
- Prime investment opportunity on Jericho Turnpike
- Substantial 19,000 Sq. Ft. building
- 100% occupied with one tenant
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$273,258
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,465,160
$5.5M
Cap Rate 7%
$3,903,686
$3.9M
Cap Rate 9%
$3,036,200
$3.0M
Market Conditions
NOI Build-Up for 19,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$456.0K $24.00/SF
− Vacancy
−$91.7K −$4.82/SF
EGI
$364.3K $19.18/SF
− OpEx
−$91.1K −$4.79/SF
NOI
$273.3K $14.38/SF
Area
Livingston County, NY
Vacancy
20.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,465,160
Cap Rate 7%
$3,903,686
Cap Rate 9%
$3,036,200
Alternative Uses
Best Use
Office B
$3.90M
$3.42M – $4.55M
NOI $273,258 @ 7.0% cap · market cap 5.16%
Second Best
Retail
$3.68M
$3.22M – $4.29M
NOI $257,690 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $364,344 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,199
Businesses Nearby
Explore this area
Business Placement
Demographics for 11746, NY
69,040
Population
22,528
Households
3.1
Avg Household Size
40
Median Age
50%
College-Educated
90%
High-School Grad
24.1 sq mi
ZIP Area
2,865
Density / Sq Mi
$158,309
Median Household Income
$66,581
Median Earnings
$1,907
Median Rent
$664,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 19,000 SF building on Jericho Turnpike, Huntington, NY.
Where is this mixed-use property located?
The property is located at 17 E Jericho Tpke Huntington, NY.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: Prime investment opportunity on Jericho Turnpike; Substantial 19,000 Sq. Ft. building; 100% occupied with one tenant
