Mixed-Use Property With Retail
For Sale
$2,588,888
2172 Jericho Turnpike, Garden City Park, NY 11040
Two residential units are combined with retail and office space in a multi-component commercial property.
Lot Size0.13 Acres
Days on Market460
Property Features for 2172 Jericho Turnpike
General Information
Standard status
Active
Lot size
0.13 Acres
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Building Details
Building Size
8,600 SF
Buildings
2
Tenancy
Multi
Listing Agency:
Posh Homes Realty Inc
(516) 641-3753
Listed By:
Teresa Coleman · License #10401200808
Source:
Cottiemaxwellrealestate
Added: Apr 30, 2025
Changed: Jul 31
Last Checked: Aug 1 at 10:45AM
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 Posh Homes Realty Inc
Investment Insights
Based on property information with market context.
This mixed-use property combines 2 residential units with 3 retail spaces and office space. The property includes a 5,450-square-foot lot and a separate detached garage/warehouse building, creating a varied configuration of residential, retail, office, and ancillary space.
The property is located on Jericho Turnpike at 2172 Jericho Turnpike, Garden City Park, NY 11040. Its street-facing commercial setting supports the existing combination of retail, office, and residential components.
The property is located on Jericho Turnpike at 2172 Jericho Turnpike, Garden City Park, NY 11040. Its street-facing commercial setting supports the existing combination of retail, office, and residential components.
Key Highlights
- 2 residential units combined with 3 retail spaces and office space
- 5,450‑square‑foot lot
- Separate detached garage/warehouse building
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $258.0k | $30.00 |
| − Vacancy | −$14.7k | −$1.71 |
| EGI | $243.3k | $28.29 |
| − OpEx | −$73.0k | −$8.49 |
| NOI | $170.3k | $19.80 |
8,600 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.43M
$2.13M – $2.84M
NOI $170,306 @ 7.0% cap · market cap 6.58%
Second Best
Multifamily LT 5
$2.34M
$2.05M – $2.73M
NOI $163,840 @ 7.0% cap · market cap 6.33%
Theoretical Best
Specialty Retail
$5.69M
$4.98M – $6.63M
NOI $398,030 @ 7.0% cap · market cap 15.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,024
Businesses Nearby
Explore this area
Business Placement
Demographics for 11040, NY
43,075
Population
14,608
Households
2.9
Avg Household Size
45
Median Age
56%
College-Educated
92%
High-School Grad
4.8 sq mi
ZIP Area
8,974
Density / Sq Mi
$153,511
Median Household Income
$70,649
Median Earnings
$2,388
Median Rent
$795,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Nassau County
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 - Two residential units are combined with retail and office space in a multi-component commercial property.
Where is this mixed-use property located?
The property is located at 2172 Jericho Turnpike Garden City Park, NY.
What is the asking price?
The asking price for this property is $2,588,888.
What are key features of this property?
This property features: 2 residential units combined with 3 retail spaces and office space; 5,450‑square‑foot lot; Separate detached garage/warehouse building
