Buy with Yoreevo
$2,701,875
List Price: $2,750,000
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113-119 Jericho Turnpike
Apartment in Floral Park •  building info
studio • 6,710ft² $410 per ft²
Buy with Yoreevo

$2,701,875

List Price

$2,750,000

Key Details
Days on market
6
Last price change
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Estimated payment
$14,839/mo
Taxes
N/A
Maintenance
N/A
Description
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.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$2,750,000
Asking Price: $2,750,000
Term
30 Years
Down Payment
$275,000 (10%)
Min: 10% (275,000)
Rate
6.0 %
Mortgage Amount
$2,475,000
Mortgage Payment
$14,839
Estimated Yoreevo rebate
$48,125
Estimated closing cost
$42,000
Total monthly cost $14,839
Buy your dream home with us and get an estimated $48,125 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Kingsland Properties

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