Project Description

For Sale: Office Building in Floral Park, NY

199 Jericho Turnpike, Floral Park. NY 11001

Executive Summary:

Price: $5,425,000
Building Size: 27,274 SF
Property Type: Office
Lot Size: 23,087 SF
Year Built: 1969
Cap Rate (Projected): 5.57%
NOI (Projected): $302,103
Location:
199 Jericho Turnpike
Floral Park, NY 11001

Property Highlights

  • Building Consists of 20 Office Units
  • Many Tenants at This Location 5+ Years
  • Property Has Been Recently Renovated
  • Features +/- 56 Parking Spaces
  • Close to Floral Park LIRR Station
  • Located on the Very Busy Jericho Turnpike & Near Neighborhood Amenities

Property Overview

American Investment Properties is exclusively retained to sell this office building in Floral Park, New York. At this location you’ll find a 20 unit office building. Over the last 6 years the property received renovations to the exterior, roofing, and elevator cabs.

This building is right on the busy Jericho Turnpike, that sees high daily traffic counts. Tenants love this building due to it’s convenient location,many of them have been at this location for over 5 years.

It’s surrounded by many neighborhood amenities including banks,restaurants, and other stores. The Floral Park station is only half a mile away, and there is ample parking for tenants at the rear of the building.

Location Overview

Floral Park is an incorporated village located in Nassau County,Long Island, New York. It is at the western border of Nassau County, and is located in both the Town of Hempstead and the town of North Hempstead.

Floral Park is also a station on the Long Island Rail Road on the Hempstead line between Stewart Manor (east) and Bellerose (west).

As of 2010 census, there were 15,863 people,5,680 households,and 4,209 families residing inthe area. The median income for a household in the village was $113,478, and the median income fora family was $126,804.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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