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    24501 Jericho Tpke Jamaica, NY 11426-1414

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    24501 Jericho Tpke Jamaica, NY 11426-1414


    • Retail space
    • 14,650 SF
    • 0.36 lot acres
    Off-Market
    Last Sale Oct 21, 2024
    $2,864,911
    Property ID
    US63-2428311
    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.

    Value Estimations
    $2,865,000
    Show details
    Cap Rate Potential
    9.1%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 24501 Jericho Tpke

    Year built
    1932
    Lot size
    0.36 lot acres
    Property size
    14,650 SF
    Zone code
    R4
    Property type
    Retail space
    APN
    08659-0001
    APU
    86590001

    Description

    This exceptional commercial property, located at 24501 Jericho Turnpike in Bellerose, New York, presents a compelling investment opportunity for discerning buyers seeking long-term stability and strong returns. The property is ideally situated in a prime location, offering excellent visibility and accessibility. While the precise square footage is not currently available, the substantial asking price of $9,788,000 reflects the significant value and potential of this asset. The property's strength lies in its established tenancy, providing a consistent income stream and minimizing vacancy risks. This makes it an attractive option for investors prioritizing predictable cash flow and a low-maintenance investment. Further details regarding the specific tenants and lease agreements are available upon request. The property's location on Jericho Turnpike ensures high traffic volume and excellent exposure, making it an ideal location for a variety of commercial uses. This is a rare opportunity to acquire a well-established commercial property in a highly desirable area with a proven track record of success. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property sits on a 0-acre lot. The property type is classified as General Commercial.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $2,865,000
      ML approach
      $2,865,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,105,000
      Market price range: $740k - $3.92M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Jamaica
    County
    Queens
    State
    New York
    Longitude
    -73.7226
    Latitude
    40.7251
    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
    2024
    $120,638
    $184,050
    $954,900
    $1,138,950
    -
    $409,000
    $2,122,000
    $2,531,000
    More about this property
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