2070 Jericho Tpke New Hyde Park, NY 11040
Property profile & analytics
2070 Jericho Tpke New Hyde Park, NY 11040
- Automotive properties
- 5,906 SF
- 0.35 lot acres
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.
Location Intelligence
Current Use by Public Records
- Gold Coast Motorsports / Motorcycle Shop
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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $2,780,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $3,697,000
Market price range: $1.90M - $6.65M -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $3,880,000 Current use
- RESTAURANT
- $5,245,000 Change: +35% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $5,180,000 Change: +33% Conversion: Difficult
- OFFICE BUILDING
- $4,165,000 Change: +7% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $3,825,000 Change: -1% Conversion: Moderate
- INDUSTRIAL (GENERAL)
- $3,560,000 Change: -8% Conversion: Easy
- RETAIL STORES
- $3,365,000 Change: -13% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
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
