Home » Real Estate » NY » Floral Park » 11001 » 113-119 Jericho Turnpike, Floral Park, NY, 11001
$2,750,000

113-119 Jericho Turnpike, Floral Park, NY, 11001

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113–119 Jericho Turnpike, Floral Park, NY – Prime mixed-use investment opportunity featuring two commercial units (approximately 1,200 SF each with full basements), two 2-bedroom apartments on the second floor, and a 60' x 60' parking lot. The property generates approximately $141,600 in annual gross income, including $96,000 from commercial tenants and $45,600 from residential units. Annual property taxes are approximately $32,000, with approximately 70% of the tax burden allocated to the commercial tenants, resulting in a net operating income (NOI) of approximately $127,800 and a 4.7% cap rate based on the $2,750,000 asking price. Well-located on Jericho Turnpike, this asset offers stable income and long-term investment potential.
Offered By
Sergey Babayev M, Kingsland Properties

Property Details

Property Type Commercial
Status Active
Property Sub Type Mixed Use
MLS # 1007615

Market Trends

New Properties On Market
20
33% Increase In New Listings
Average Asking Price
$758,194
$34,969 Decrease In Avg Asking Price
Average Asking Price / Sq. Ft.
$470
$5 Increase In List Price/Sq. Ft.
Average Days On Market
6
17 Day Decrease In Days On Market
Data as of Jun 04, 2026. Remaining statistics above are calculated on activity within the period from Apr 01, 2026 to May 31, 2026.

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