Mixed-Use Building with Parking
For Sale
$45,500,000
25177 Jericho Turnpike, Bellerose, NY 11426
Four floors accommodate retail, office, medical, fitness, and storage tenants at a signalized corner location.
Property Size84,352 SF
Price / SF$539.41
Days on Market121
Property Features for 25177 Jericho Turnpike
General Information
Standard status
Active
Size
84,352 SF
Total Parking Spaces
120
Elevators
Yes
Property subtype
Commercial
Zoning
C8-1
Site & Location
Corner Location
Yes
Traffic Count
32,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Mixed-Use Components
retail, office, storage, parking
Additional Details
Gross Income
$3,182,681
Sprinkler System
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$913,026
Amenities
private underground parking garage
elevator
3 phase power
all new LED lighting
CAC
high 15' ceilings
2 large storage areas
4 small storage areas
Building Details
Building Size
84,352 SF
Year Built
2015
Buildings
1
Stories
4
Units
20
Tenancy
Multi
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #1020151
(516) 279-8828
Source:
Croninreale
Added: Jun 26
Changed: Oct 23
Last Checked: Oct 23 at 3:34PM
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 All Island Estates Realty Corp
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Investment Insights
Based on property information with market context.
This 84,352-square-foot mixed-use property contains 20 units across four stories and was built in 2015. The tenant mix includes retail, office, medical, fitness, and storage uses. Building features include 15-foot ceilings, an elevator, sprinklers, central air conditioning, three-phase power, and updated LED lighting. A private underground garage provides 120 parking spaces, with two curb cuts serving the property.
The building occupies the corner of Jericho Turnpike and Little Neck Parkway, with 190 feet of frontage along Jericho Turnpike and 134 feet along Little Neck Parkway. The signalized intersection records a daily traffic count of 32,000+ vehicles. The Cross Island Parkway is described as being only blocks away.
The property is zoned C8-1. National tenants include Retro Fitness, Northwell Health, Children Of America, and CVS, alongside a range of retail and service businesses.
The building occupies the corner of Jericho Turnpike and Little Neck Parkway, with 190 feet of frontage along Jericho Turnpike and 134 feet along Little Neck Parkway. The signalized intersection records a daily traffic count of 32,000+ vehicles. The Cross Island Parkway is described as being only blocks away.
The property is zoned C8-1. National tenants include Retro Fitness, Northwell Health, Children Of America, and CVS, alongside a range of retail and service businesses.
Key Highlights
- 84,352 square feet across 20 units and four stories; built in 2015
- Private underground parking garage with 120 spaces
- 190 feet of frontage on Jericho Turnpike and 134 feet on Little Neck Parkway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,777,188
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$55,543,760
$55.5M
Cap Rate 7%
$39,674,114
$39.7M
Cap Rate 9%
$30,857,644
$30.9M
Market Conditions
NOI Build-Up for 84,352 SF
Gross rent
$4.25M $50.40/SF
− Vacancy
−$548.4K −$6.50/SF
EGI
$3.70M $43.90/SF
− OpEx
−$925.7K −$10.97/SF
NOI
$2.78M $32.92/SF
Area
Queens County, NY
Vacancy
12.90%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$55,543,760
Cap Rate 7%
$39,674,114
Cap Rate 9%
$30,857,644
Alternative Uses
Best Use
Office B
$39.67M
$34.71M – $46.29M
NOI $2,777,188 @ 7.0% cap · market cap 6.10%
Second Best
Healthcare Medical
$27.79M
$24.31M – $32.42M
NOI $1,944,988 @ 7.0% cap · market cap 4.27%
Theoretical Best
Office A
$62.19M
$54.41M – $72.55M
NOI $4,352,968 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
32,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,636
Businesses Nearby
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Business Placement
Demographics for 11426, NY
19,343
Population
6,813
Households
2.8
Avg Household Size
43
Median Age
44%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
13,816
Density / Sq Mi
$107,591
Median Household Income
$57,622
Median Earnings
$2,158
Median Rent
$676,100
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four floors accommodate retail, office, medical, fitness, and storage tenants at a signalized corner location.
Where is this mixed-use property located?
The property is located at 25177 Jericho Turnpike Bellerose, NY.
What is the asking price?
The asking price for this property is $45,500,000.
What are key features of this property?
This property features: 84,352 square feet across 20 units and four stories; built in 2015; Private underground parking garage with 120 spaces; 190 feet of frontage on Jericho Turnpike and 134 feet on Little Neck Parkway
