2374 Jericho Turnpike, New Hyde Park, NY

$1,880,000

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2,600

Square feet

0.16

Acres

About 2374 Jericho Turnpike

Prime investment opportunity on highly visible Jericho Turnpike in the heart of New Hyde Park. This freestanding commercial building features two well-maintained retail storefronts, both occupied by long-standing, reliable tenants with stable tenancy histories. The property currently produces $9,938/month in rental income, with leases that include scheduled 3% annual rent increases—ensuring steady growth. Tenants are responsible for all utility expenses, creating a low-maintenance, high-efficiency investment. The site benefits from excellent foot and vehicle traffic and is located directly across from a major shopping plaza, adding to its strong commercial presence. With low property taxes ($19,769/year) and a current 5.1% cap rate, this asset is ideal for 1031 exchange buyers or investors seeking consistent cash flow in a high-demand Nassau County location. Convenient access to LIRR, major highways, bus lines, and surrounding residential neighborhoods adds further value to this exceptional offering.

Features of 2374 Jericho Turnpike

MLS® # 887381
Price $1,880,000
Bathrooms 0.00
Square Footage 2,600
Square Footage 6780
Acres 0.16
Year Built 1960
Type Commercial Sale
Sub-Type Mixed Use
Status Pending

Community Information

Address 2374 Jericho Turnpike
City New Hyde Park
County Nassau County
State NY
Zip Code 11040

Amenities

Utilities Electricity Connected, Sewer Connected, Water Connected
Is Waterfront No
Has Pool No

Interior

Heating See Remarks
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Construction Brick

Additional Information

Date Listed July 9th, 2025
Days on Market 101
Short Sale No
RE / Bank Owned No

Listing Details

OfficeSkylux Realty Inc
Contact Info718-500-2231

Listing Map

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