Mixed-Use Building with
194 Jericho Tpke, Mineola, NY 11501
For Sale
$799,000
The fully leased property combines a street-level retail store with two upstairs residences and separately metered gas and electricity.
Property Size3,000 SF
Days on Market10
Property Features for 194 Jericho Tpke
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Highway Access
Public Transit
Utilities to Site
Mixed-Use Components
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listed By:
Fabio Acquista
(917) 515-6334
Source:
Elliman
Added: Oct 30
Changed: Nov 7
Last Checked: Nov 7 at 11:53AM
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 Fabio Acquista
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Investment Insights
Based on property information with market context.
Built in 1922, this mixed-use building has a retail store on the ground floor and two one-bedroom apartments above. The property is fully occupied, with separate gas and electric meters for the commercial and residential components.
A full basement houses the boilers and water heaters, offers storage, and has a walk-out to the backyard. The property is in Mineola, near the LIRR, bus service, and major highways. WalkScore is 77, BikeScore is 51, and TransitScore is 62.
A full basement houses the boilers and water heaters, offers storage, and has a walk-out to the backyard. The property is in Mineola, near the LIRR, bus service, and major highways. WalkScore is 77, BikeScore is 51, and TransitScore is 62.
Key Highlights
- Ground‑floor retail with two one‑bedroom apartments upstairs
- Fully occupied mixed‑use property
- Separate gas and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,409
Cap Rate
7.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,180
$1.2M
Cap Rate 7%
$848,700
$848.7K
Cap Rate 9%
$660,100
$660.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$90.0K $30.00/SF
− Vacancy
−$5.1K −$1.71/SF
EGI
$84.9K $28.29/SF
− OpEx
−$25.5K −$8.49/SF
NOI
$59.4K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,180
Cap Rate 7%
$848,700
Cap Rate 9%
$660,100
Alternative Uses
Best Use
Retail
$848.7K
$742.6K – $990.2K
NOI $59,409 @ 7.0% cap · market cap 7.44%
Second Best
Apartment 5plus
$764.5K
$668.9K – $891.9K
NOI $53,512 @ 7.0% cap · market cap 6.70%
Theoretical Best
Specialty Retail
$1.98M
$1.74M – $2.31M
NOI $138,848 @ 7.0% cap · market cap 17.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,676
Businesses Nearby
Explore this area
Business Placement
Demographics for 11501, NY
21,189
Population
9,174
Households
2.3
Avg Household Size
42
Median Age
55%
College-Educated
88%
High-School Grad
2.0 sq mi
ZIP Area
10,595
Density / Sq Mi
$138,323
Median Household Income
$78,840
Median Earnings
$2,267
Median Rent
$627,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The fully leased property combines a street-level retail store with two upstairs residences and separately metered gas and electricity.
Where is this mixed-use property located?
The property is located at 194 Jericho Tpke Mineola, NY.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Ground‑floor retail with two one‑bedroom apartments upstairs; Fully occupied mixed‑use property; Separate gas and electric meters
