Mixed-Use Corner
329 JERICHO TPKE Floral Park, NY 11001
329 JERICHO TPKE, Floral Park, NY, 11001
$1,285,000
For Sale
$1,285,000
Four-unit mixed-use building with two commercial units and two residential apartments, fully rented.
Property Size3,000 SF
Price / SF$428.33
Days on Market128
Property Features for 329 JERICHO TPKE
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1928
Listing agency
Fultonex Realty LLC
(516) 469-7785
Listed by
Eunice Chen
(516) 469-7785
Source
Xome
Added: Mar 16 Updated: Jul 20 at 5:25PM Checked: Jul 21 at 3:05AM
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 Fultonex Realty LLC
Investment Insights
Based on property information with market context.
This four-unit mixed-use property includes two commercial units and two residential apartments. The 1st floor features a corner convenience store with a basement, along with a salon retail unit. The 2nd floor consists of two residential apartments: one 2BR/1Bath unit and one 1BR/1Bath unit. The basement is included as part of the overall building configuration.
The building is positioned off Cross Island Parkway on Jericho Turnpike in Floral Park, NY, near downtown areas and train stations.
Based on the provided layout, the 1st floor totals 1,700 SF, the 2nd floor totals 1,300 SF, and the basement totals 1,700 SF. The property is described as fully rented with long-term tenants, and it also includes billboard rental income.
The building is positioned off Cross Island Parkway on Jericho Turnpike in Floral Park, NY, near downtown areas and train stations.
Based on the provided layout, the 1st floor totals 1,700 SF, the 2nd floor totals 1,300 SF, and the basement totals 1,700 SF. The property is described as fully rented with long-term tenants, and it also includes billboard rental income.
Key Highlights
- 4‑unit mixed‑use building: 2 commercial units and 2 residential apartments, fully rented
- Commercial spaces include a 1st‑floor corner convenience store with basement and a 1st‑floor salon retail
- Residential unit mix: a 2BR/1BA apartment on the 2nd floor and a 1BR/1BA apartment on the 2nd floor
Local Financial Insights For Apartment 5plus
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 | $138.6k | $46.20 |
| − Vacancy | −$5.3k | −$1.76 |
| EGI | $133.3k | $44.44 |
| − OpEx | −$60.0k | −$20.00 |
| NOI | $73.3k | $24.44 |
3,000 SF · lease $46.20/SF/yr · vacancy 3.80% · expense 45.00%
Alternative Uses
Best Use
Specialty Retail
$1.98M
$1.74M – $2.31M
NOI $138,848 @ 7.0% cap · market cap 10.81%
Second Best
Apartment 5plus
$1.05M
$916.7K – $1.22M
NOI $73,333 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.21M
$1.94M – $2.58M
NOI $154,814 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
FedEx
Courier Service
DHL
Shipping Company
Magic touch Auto ...
Auto Repair Shop
DHL - FedEx - UPS ...
Postal Service
Salon and Spa by ...
Hair Salon
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FAQs
What type of property is this?
Mixed-use property - Four-unit mixed-use building with two commercial units and two residential apartments, fully rented.
Where is this mixed-use property located?
The property is located at 329 JERICHO TPKE Floral Park, NY.
What is the asking price?
The asking price for this property is $1,285,000.
What are key features of this property?
This property features: 4‑unit mixed‑use building: 2 commercial units and 2 residential apartments, fully rented; Commercial spaces include a 1st‑floor corner convenience store with basement and a 1st‑floor salon retail; Residential unit mix: a 2BR/1BA apartment on the 2nd floor and a 1BR/1BA apartment on the 2nd floor
