Building Details

Building Size 3,936 SF

Year Built 1906

Listing Agency: Coldwell Banker American Homes

Listed By: Vincent J. Sparacello Show Phone

Source: Cottiemaxwellrealestate

Added: Oct 13 Changed: Oct 17 Last Checked: Oct 16 at 5:50PM

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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 Coldwell Banker American Homes

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Investment Insights

Based on property information with market context.

Located at 280 Jericho Turnpike in Floral Park, New York, this mixed-use property was built in 1906.

Key Highlights

• Built in 1906

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,317

Cap Rate

5.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,086,340 $1.1M

Cap Rate 7%

$775,957 $776.0K

Cap Rate 9%

$603,522 $603.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,936 SF

Gross rent

$94.5K $24.00/SF

− Vacancy

−$7.6K −$1.92/SF

EGI

$86.9K $22.08/SF

− OpEx

−$32.6K −$8.28/SF

NOI

$54.3K $13.80/SF

Area

Nassau County, NY

Vacancy

8.00%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,086,340

Cap Rate 7%

$775,957

Cap Rate 9%

$603,522

Alternative Uses

Best Use

Mixed Use

$776.0K

$679.0K – $905.3K (±1% cap)

NOI $54,317 @ 7.0% cap · market cap 5.43%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$2.60M

$2.28M – $3.04M (±1% cap)

NOI $182,168 @ 7.0% cap · market cap 18.22%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Mixed-use properties

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Florist Furniture & Home Goods Veterinary Clinic Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,815

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

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Frequently Asked Questions

What type of property is this?

Mixed-use property - The property is classified for mixed-use occupancy.

Where is this mixed-use property located?

The property is located at 280 Jericho Turnpike Floral Park, NY.

What is the asking price?

The asking price for this property is $1,000,000.

What are key features of this property?

This property features: Built in 1906