Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    387A Jericho Tpke 2 Floral Park, NY 11001

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,200 /Mo

    1,300 SF office space with kitchen and new HVAC.

    Type:Commercial
    Property size:
    1,300 SF
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 24 at 8:30 pm

    Property Features for 387A Jericho Tpke 2

    General Information

    Standard status
    Active
    Size
    1,300 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Mario J. Ciampa
    Mario J. Ciampa

    Listing agent Mario J. Ciampa License #49CI1169157

    Listing office Ciampa Realty Group,LLC

    Listing date Apr 24, 2026

    Source Elliman

    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 Ciampa Realty Group,LLC

    Overview

    Well-Appointed Office Space For Rent

    Available for lease is a 1,300-square-foot office space situated in a high-traffic area. The office features a kitchen area and benefits from a recent renovation, including fresh paint and a new central air and heating system installed eight months ago. The property includes two dedicated parking spaces. The location has a walk score of 79, indicating it is very walkable, a bike score of 54, indicating it is bikeable, and a transit score of 50, indicating good transit. This office space is suitable for businesses seeking a strategically located workspace.
    Location Intelligence

    Current Use by Public Records

    Mineral Mine Inc ... Corporate Office

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Floral Park
    County
    Queens
    State
    New York
    Longitude
    -73.695789
    Latitude
    40.730764

    Nearby Similar for Lease

    • $3,200/Mo

      Floral Park Office Space

      1300 sq ft office with new HVAC and parking.
      387A Jericho Turnpike, Floral Park, NY 11001
      View Details
    • $1,785/Mo

      Creative Space in Floral Park

      Well-maintained creative space with utilities included in Floral Park.
      249-02 Jericho Turnpike, Floral Park, NY 11001
      View Details
    • $2,800/Mo

      Retail Space with Garage

      Commercial space for rent with garage and unfinished basement.
      2 Mckee Street, Floral Park, NY 11001
      View Details
    • $2,225/Mo

      Floral Park Creative Office Space

      Well-maintained creative space in Floral Park, convenient location.
      249-02 Jericho Turnpike, Floral Park, NY 11001
      View Details
    • $30 SF/Yr

      North Shore Towers

      Co-sharing space available in Floral Park, NY.
      26910 Grand Central Pkwy, Unit Arcade Level, Floral Park, NY 11005
      View Details
    • $8,000/Mo

      Commercial Space on Cherry Lane

      First-floor commercial space suitable for industrial or commercial use.
      504 Cherry Ln 1st Floor, Floral Park, NY 11001
      View Details
    • $2,500/Mo

      Second Floor Apartment with Attic

      Second floor apartment with private entrance, heat and water included.
      25 Daisy Ave 2ND FLOOR, Floral Park, NY 11001
      View Details
    • Contact for pricing

      North Shore Towers

      Co-sharing space available for dermatologist/dental/internist in Floral Park, NY.
      26910 Grand Central Pkwy Floral Park # NY 11005, Unit arcade level, Floral Park, NY 11005
      View Details
    • $30 SF/Yr

      Office Space Near Transportation Hubs

      Office space for rent, convenient access to transportation and amenities.
      102-114 Jericho Tpke, Floral Park, NY
      View Details
    • $4,400/Mo

      Office Space Near LIRR Station

      Office space available near LIRR Floral Park Station.
      13 Mayflower Pl, Floral Park, NY
      View Details
    • Contact for pricing

      Floral Park Office Space Available

      50000 sqft office space for rent in Floral Park.
      99 Tulip Ave, Floral Park, NY
      View Details
    • Contact for pricing

      Office Space Near LIRR Station

      Office space for rent, close to transportation and amenities.
      51 Atlantic Ave, Floral Park, NY
      View Details

    FAQs

    What type of property is this?
    Office units - 1,300 SF office space with kitchen and new HVAC.
    Where is this office units located?
    The property is located at 387A Jericho Tpke 2 Floral Park, NY.
    What is the lease rate?
    The lease rate is $3,200 /Mo.
    What are key features of this property?
    This property features: Strategically located in a high‑traffic area.; 1,300 square feet of well‑appointed office space.; New central air and heating system (installed 8 months ago).
    (516) 551-4010
    We can help!
    Listing Contact
    Mario J. Ciampa
    Mario J. Ciampa
    Real Estate License ID: 49CI1169157
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!