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    Property profile & analytics

    2070 Jericho Tpke New Hyde Park, NY 11040

    • Automotive properties
    • 5,906 SF
    • 0.35 lot acres
    For Sale
    View listing
    Value Estimation
    Last Sale
    Apr 19, 2022
    $2,500,000
    Location Intelligence
    Property ID
    US63-0237582
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Gold Coast Motorsports / Bmw Motorcycle Dealer / Ducati Dealer

    Property Details for 2070 Jericho Tpke

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.35 lot acres
    Property size
    5,906 SF
    Property type
    Automotive properties
    APN
    33-00K-00-0710
    APU
    3300K000710

    Description

    This exceptional investment opportunity presents a 11,812-square-foot, two-story building situated at 2070 Jericho Turnpike in New Hyde Park, NY, 11040. Currently configured as an auto repair shop/retail space, this property offers a stabilized investment with a 3-year remaining lease term at $13,500 per month (NNN). The building, constructed in 1965, sits on a 15,359-square-foot lot and features approximately 5,906 square feet per floor, a 15-foot ceiling height, and one dock-high door. The property boasts ample parking with 30 spaces available. The current occupancy is 100%, with a vacant status and a 3-year lease term remaining. This mixed-use property (Retail, Office, Industrial) is ideal for investors seeking a strong return on investment with a 3.86% cap rate. The property is currently vacant, offering flexibility for future tenants. The lease is a triple net (NNN) lease, meaning the tenant is responsible for property taxes, insurance, and maintenance. This presents a low-maintenance investment opportunity with a strong potential for future appreciation. The property includes one unit and is located in Nassau County. Serious inquiries only.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,965,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,770,000
      6.5%
      $2,435,000
      7%
      $2,395,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,300,000
      Geo Method
      $2,835,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,470,000
      Retail
      $3,040,000
      Mixed-Use
      $2,405,000
      Hospitality
      $2,510,000
      Educational
      $2,470,000
      Residential Income
      $2,900,000
      Energy
      $2,400,000
      Income-Based Land
      $2,610,000
      Food Service
      $2,310,000

    Location Insight

    • Map
    • Local Demand
    City
    New Hyde Park
    County
    Nassau
    State
    New York
    Longitude
    -73.672
    Latitude
    40.7361
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $72,253
    $3,314
    $7,038
    $10,352
    -
    $0.00
    $0.00
    $1,035,200

    Comparable in this City

    • Value Estimation by Request
      0.09 Acres

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      7,201 SF

      2257 Jericho Tpke

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      2257 Jericho Tpke, New Hyde Park, NY 11040-4707
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      0.25 Acres

      Marcus Ave

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    • Value Estimation by Request
      6,500 SF

      2255-2257 Jericho Tpke

      VEHICLE SALES, RENTALS • 6,500 SF
      2255-2257 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • Value Estimation by Request
      5,673 SF

      151 Nassau Blvd

      VEHICLE SALES, RENTALS • 5,673 SF
      151 Nassau Blvd, New Hyde Park, NY 11040
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,812 SF

      Jericho Turnpike Auto Shop Investment

      11,812 SF Auto Shop, NNN Lease, 3.86% Cap Rate
      2070 Jericho Tpke, New Hyde Park, NY 11040
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      Jericho Turnpike Investment Opportunity

      Mixed-use property with retail, residential, and storage income potential.
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      8,000 SF

      Mixed-Use Investment Property, New Hyde Park

      Mixed-use property with residential, retail, and parking income potential.
      2179-2188 Jericho Tpke Jericho Tpke, New Hyde Park, NY 11040
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    Similar Nearby for Lease

    • $5,975 /Mo
      2,400 SF

      New Hyde Park Retail/Office

      2400 SF retail/office space with parking in New Hyde Park.
      1631 Jericho Tpke, New Hyde Park, NY 11040
      View Details
    • $7,500 /Mo
      1,200 SF

      Prime Retail Space in New Hyde Park

      High-visibility retail space in Lakeville Shopping Center, available for lease.
      2070 Lakeville Rd, New Hyde Park, NY 11040
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      896 SF

      Retail Spaces in High-Traffic Corridor

      Retail spaces available in a high-traffic location.
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      20,000 SF

      Retail Space in New Hyde Park

      20,000 SF retail space with ample parking.
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      6,368 SF

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      Retail space available for lease in New Hyde Park, NY.
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      1,000 SF

      Retail Space with Basement

      1,000 SF retail space with basement and parking.
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      View Details
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    New Hyde Park, NY 11040
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    Realmo Value Estimation

    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.

    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.

    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
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