231 Jericho Tpke, New Hyde Park, NY 11040
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
231 Jericho Tpke,New Hyde Park, NY 11040
$1,288,000
- 5 Beds
- 2 Baths
- 3,400 sq. ft.
- Single family
- Active
Listed by:li li
Office:b square realty
MLS#:854494
Source:OneKey MLS
Price summary
- Price:$1,288,000
- Price per sq. ft.:$378.82
About this home
Prime Investment Opportunity in New Hyde Park
This turnkey mixed-use property on Jericho Turnpike offers food business owners a complete solution with a newly renovated first-floor commercial space featuring a move-in ready commercial kitchen including professional equipment and new split AC system. The space is ideally configured for pho, rice noodles, mala hot pot, or a turnkey bubble tea shop with all professional equipment, and comes ready for immediate operation. The second floor provides stable rental income with a spacious 5 bedroom 2 bathroom unit currently occupied by reliable long-term tenants whose rent helps cover property expenses.
Located in New Hyde Park's bustling commercial district, this high-visibility property benefits from excellent foot traffic and convenient highway access while serving an established neighborhood with strong customer demand. The solid brick building has been completely upgraded with modern improvements throughout, offering both commercial and residential potential in one package.
This unique investment delivers dual income streams - run your restaurant business downstairs while the residential unit upstairs generates consistent rental income. With the upstairs unit helping offset ownership costs and the prime location ensuring business visibility, this turnkey property presents a low-risk opportunity with both immediate cash flow and long-term appreciation potential in a desirable Long Island location.
Contact an agent
Home facts
- Year built:1949
- Listing ID #:854494
- Added:149 day(s) ago
- Updated:September 25, 2025 at 01:28 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:2
- Full bathrooms:2
- Living area:3,400 sq. ft.
Heating and cooling
- Cooling:Ductless
- Heating:Forced Air, Oil
Structure and exterior
- Year built:1949
- Building area:3,400 sq. ft.
- Lot area:0.05 Acres
Schools
- High school:Contact Agent
- Middle school:Contact Agent
- Elementary school:Hillside Grade School
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,288,000
- Price per sq. ft.:$378.82
- Tax amount:$19,796 (2025)
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