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24822-24836 Jericho Tpke, Floral Park, NY 11001
Recent interior and building-system improvements accompany dedicated on-site parking.
Property Size2,560 SF
Price / SF$527.34
Days on Market4
Property Features for 24822-24836 Jericho Tpke
General Information
Standard status
Active
Size
2,560 SF
Total Parking Spaces
13
Property subtype
OFFICE
Listing Agency:
Lee & Associates | Long Island
(516) 282-3600
Listed By:
Kelly Koukou
(516) 835-7833
Source:
Moodyscre
Added: Nov 2
Changed: Nov 3
Last Checked: Nov 4 at 3:06PM
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 Lee & Associates | Long Island
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office property contains 2,560 square feet. The floors and bathrooms were renovated within the past three years, providing updated interior finishes. The roof membrane was replaced in 2012, and the HVAC system was replaced in 2016.
The property includes 13 parking spaces at 24822–24836 Jericho Tpke in Floral Park, New York.
The property includes 13 parking spaces at 24822–24836 Jericho Tpke in Floral Park, New York.
Key Highlights
- 2,560‑square‑foot office property
- Floors and bathrooms updated within the past 3 years
- Roof membrane replaced in 2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,020
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,400
$880.4K
Cap Rate 7%
$628,857
$628.9K
Cap Rate 9%
$489,111
$489.1K
Market Conditions
NOI Build-Up for 2,560 SF
Gross rent
$71.6K $27.96/SF
− Vacancy
−$12.9K −$5.03/SF
EGI
$58.7K $22.93/SF
− OpEx
−$14.7K −$5.73/SF
NOI
$44.0K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$880,400
Cap Rate 7%
$628,857
Cap Rate 9%
$489,111
Alternative Uses
Best Use
Office B
$628.9K
$550.3K – $733.7K
NOI $44,020 @ 7.0% cap · market cap 3.26%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,483 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,146
Businesses Nearby
Explore this area
Business Placement
Demographics for 11001, NY
27,662
Population
8,923
Households
3.1
Avg Household Size
43
Median Age
53%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
12,574
Density / Sq Mi
$144,755
Median Household Income
$66,053
Median Earnings
$2,196
Median Rent
$714,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Recent interior and building-system improvements accompany dedicated on-site parking.
Where is this office building located?
The property is located at 24822-24836 Jericho Tpke Floral Park, NY.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 2,560‑square‑foot office property; Floors and bathrooms updated within the past 3 years; Roof membrane replaced in 2012
