Property profile

24501 Jericho Tpke Jamaica, NY 11426

OFF-MARKET
Retail space
Property ID
US63-2428311
14,650 SF 0.36 ac lot Built 1932
Entity Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1932
Total area 14,650 SF
Lot 0.36 ac (15,513 SF)
Zoning code R4
APN 08659-0001
UPID US63-2428311

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

24501 Jericho Tpke Jamaica, NY 11426-1414
Jamaica metro Census 161700 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.87M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.11M
Blend (final) Blend
$2.87M

Owner & transaction history

since 2024
Last sale
$2.9M
6 recorded transactions
2025
Price N/A
2024
$2.9M
2014
$6.0M
2014
Price N/A
2004
$356,250
1969
Price N/A

Zoning & alternative use

R4 · Jamaica, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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