Multi-Tenant Retail Building with
New
For Sale
Contact for pricing
1850 E Jericho Tpke, Huntington, NY 11743
C-6-zoned commercial property with multiple occupiable units, drive-in access, parking, and outdoor operating area.
Property Size8,000 SF
Price / SF$306.25
Days on Market7
Property Features for 1850 E Jericho Tpke
General Information
Standard status
Active
Size
8,000 SF
Total Parking Spaces
100
Property subtype
Retail
Zoning
C-6 General Business District
Investment Type
Value Add
Net Operating Income
$115,366
Building Details
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
Douglas Elliman Commercial Division
(631) 858-2405
Listed By:
Michael Murphy · License #NY 10491211076
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 18 at 8:48AM
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 Douglas Elliman Commercial Division
Investment Insights
Based on property information with market context.
This retail property includes an approximately 8,000-square-foot commercial building arranged across four units. Six drive-in doors support convenient loading and service access, while the 1.03-acre parcel adds substantial yard space and more than 100 on-site parking spaces. The configuration accommodates a range of retail and commercial operations requiring both enclosed premises and outdoor staging or storage areas.
Positioned along E. Jericho Turnpike in Huntington, the property sits within an established commercial corridor surrounded by national retailers, regional businesses, and local operators. It is located in the C-6 General Business District and offers access to major highways and transportation routes. Existing occupants are operating under month-to-month leases, with tenants responsible for their own utilities.
Positioned along E. Jericho Turnpike in Huntington, the property sits within an established commercial corridor surrounded by national retailers, regional businesses, and local operators. It is located in the C-6 General Business District and offers access to major highways and transportation routes. Existing occupants are operating under month-to-month leases, with tenants responsible for their own utilities.
Key Highlights
- Approximately 8,000‑square‑foot building on a 1.03‑acre parcel
- Four‑unit commercial layout with six drive‑in doors
- More than 100 on‑site parking spaces
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
$108,501
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
4.43%
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%
$2,170,020
$2.2M
Cap Rate 7%
$1,550,014
$1.6M
Cap Rate 9%
$1,205,567
$1.2M
Market Conditions
NOI Build-Up for 8,000 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
$172.8K $21.60/SF
− Vacancy
−$17.8K −$2.22/SF
EGI
$155.0K $19.38/SF
− OpEx
−$46.5K −$5.81/SF
NOI
$108.5K $13.56/SF
Area
Livingston County, NY
Vacancy
10.30%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$2,170,020
Cap Rate 7%
$1,550,014
Cap Rate 9%
$1,205,567
Alternative Uses
Best Use
Retail
$1.55M
$1.36M – $1.81M
NOI $108,501 @ 7.0% cap · market cap 4.43%
Second Best
Industrial
$1.17M
$1.02M – $1.36M
NOI $81,594 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$2.19M
$1.92M – $2.56M
NOI $153,408 @ 7.0% cap · market cap 6.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
563
Businesses Nearby
Explore this area
Business Placement
Demographics for 11743, NY
41,522
Population
16,138
Households
2.6
Avg Household Size
47
Median Age
64%
College-Educated
96%
High-School Grad
25.7 sq mi
ZIP Area
1,616
Density / Sq Mi
$173,014
Median Household Income
$75,618
Median Earnings
$2,397
Median Rent
$748,200
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - C-6-zoned commercial property with multiple occupiable units, drive-in access, parking, and outdoor operating area.
Where is this retail space located?
The property is located at 1850 E Jericho Tpke Huntington, NY.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Approximately 8,000‑square‑foot building on a 1.03‑acre parcel; Four‑unit commercial layout with six drive‑in doors; More than 100 on‑site parking spaces
