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Financial
Distress signals
Property profile

1631 Jericho Tpke New Hyde Park, NY 11040

FOR LEASE
Other investment properties
Property ID
US63-0292454
2,440 SF 0.14 ac lot Built 1949
Last sale Jan 2018 · $2,020,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
1631 Jericho Tpke, New Hyde Park, NY 11040 For Lease
$5,975/Mo 2,400 SF available
1631 Jericho Tpke, New Hyde Park, NY 11040
View Listing

Property summary

AI-generated overview

A 2,400-square-foot fitness center space within a maintained building located at 1631 Jericho Turnpike in New Hyde Park. The premises include 10 private on-site parking spaces. The property is positioned near Long Island Rail Road service, bus transportation, hospitals, and retail/shopping. The space is configured for fitness use, and occupants are responsible for utilities and maintenance based on typical lease arrangements.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$19k
Tax billed · 2023
Assessed value$3k
Assessed land$3k
Assessed improvement$891
Effective rate551.18%

Value estimate

· Oct 2026
$690k
$621k – $759k
NOI build-up
Gross scheduled income$72k
Vacancy & credit loss−$4k
Operating expenses−$20k
NOI · 795.43% cap applied$48k

Realmo valuation models over county records and 76 qualifying comparable sales.

Recently sold

What actually traded nearby?
$647/SF
County average, outlier-cleaned · 604 recorded sales of this use type
Observed band · Q1–Q3$302 – $1,068
Qualifying comparables76

Cap rate analysis

How does the asset earn?
795.43%
$48k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionNASSAU

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm33.2
Hair Salon22.4
Realty agency17.5

Location

1631 Jericho Tpke New Hyde Park, NY 11040
County assessor Recorded deeds · 2 transfers 76 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
375 Jericho, New Hyde Park, NY 11040 $200,000 Sep 2025 3,200 SF
300 12th, New Hyde Park, NY 11040-5580 $3,500,000 Oct 2024 1,600 SF
1101-1103 Jericho, New Hyde Park, NY 11040 $750,000 Mar 2024 2,274 SF
1109 Jericho, New Hyde Park, NY 11040-4611 $1,700,000 Feb 2023 2,752 SF
1324 Jericho, New Hyde Park, NY 11040-4608 $1,495,000 Jan 2022 3,600 SF
414 Hillside, New Hyde Park, NY 11040-2523 $1,380,000 Sep 2019 3,600 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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