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$1,290,000
Est. payment /mo
UPDATED:
Key Details
Property Type Mixed Use, Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 934393
Rental Info No
Annual Tax Amount $7,826
Property Sub-Type Mixed Use
Source onekey2
Property Description
Mixed-use property on Jericho Turnpike offering multiple income streams and strong visibility. The ground-floor commercial tenant is secured with 2 years remaining on the lease and 5% annual rent increases, providing stable and growing income. Above the retail space are two residential units:
• Unit 1: 2 Bedrooms / 1 Bathroom
• Unit 2: 1 Bedroom / 1 Bathroom (recently renovated with new kitchen and bathroom)
Both units are currently month-to-month, offering flexibility and value-add potential for future rent adjustments. Additional income is generated from signage rental. Basement is vacant, a good value add.
The property is in well-kept Condition B with no major deferred maintenance reported. There is also a concrete, fenced-in backyard providing private outdoor space or potential tenant use.
Excellent location along an established commercial corridor close to transportation, shopping, schools, and community amenities.
Please do not disturb tenants. Shown by appointment only.
• Unit 1: 2 Bedrooms / 1 Bathroom
• Unit 2: 1 Bedroom / 1 Bathroom (recently renovated with new kitchen and bathroom)
Both units are currently month-to-month, offering flexibility and value-add potential for future rent adjustments. Additional income is generated from signage rental. Basement is vacant, a good value add.
The property is in well-kept Condition B with no major deferred maintenance reported. There is also a concrete, fenced-in backyard providing private outdoor space or potential tenant use.
Excellent location along an established commercial corridor close to transportation, shopping, schools, and community amenities.
Please do not disturb tenants. Shown by appointment only.
Location
State NY
County Queens
Rooms
Basement Full
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Utilities Available Natural Gas Connected, Sewer Connected, Water Connected
Building
Sewer Public Sewer
Water Public
Structure Type Stucco
Others
Special Listing Condition None
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Listed by RE/MAX Luxe • Gaurav Kerney
NEARBY SCHOOL & BUSINESS
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Randy Reis
Team Leader | License ID: 40RE1176716
Team Leader License ID: 40RE1176716