$1,288,000

Estimated payment $8,513/month

Total Views 16,003
5 Beds
2 Baths
3,400 Sq Ft
$379 Price per Sq Ft

About This Home

Prime Investment Opportunity in New Hyde ParkThis 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.

Listing Agent

Barbie Li

B Square Realty Brokerage Phone: 646-889-9988 License #10311207854 Listed on: 04/28/2025

B Square Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,796

Year Built

  • Built in 1949

Lot Details

  • 2,000 Sq Ft Lot

Interior Spaces

  • 3,400 Sq Ft Home
  • Walk-Out Basement

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Schools

  • Hillside Grade Elementary School
  • Contact Agent Middle School
  • Contact Agent High School

Utilities

  • Ductless Heating Or Cooling System
  • Forced Air Heating System
  • Heating System Uses Oil

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,796

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential
  • Architectural Style: Other
  • Property SubType: Single Family Residence
  • Property Condition: Updated/Remodeled
  • Year Built: 1949
  • Attribution Contact: 646-889-9988
  • Carport Y N: No
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Other
  • Interior Amenities: Other
  • Full Bathrooms: 2
  • Basement: Walk-Out Access
  • Total Bedrooms: 5
  • Living Area: 3400
  • Basement YN: Yes
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Construction Materials: Other
  • Waterfront: No
  • Foundation Details: Other

Garage/Parking

  • Garage: No

Utilities

  • Cooling: Ductless
  • Heating: Forced Air, Oil, Other
  • Sewer: Public Sewer
  • Utilities: See Remarks
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Middle School: Contact Agent

Lot Info

  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 2000
  • Building Area Total: 3400
  • Property Attached: Yes

Rental Info

  • Lease Considered: No

Tax Info

  • Tax Annual Amount: 19796.39
  • Tax Year: 2025

MLS Schools

  • Elementary School: Hillside Grade School
  • High School: Contact Agent

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,201 $3,333 $810 $2,523
2024 $6,201 $3,333 $810 $2,523
2023 $18,209 $3,333 $810 $2,523
2022 $18,209 $3,333 $810 $2,523
2021 $16,586 $3,481 $810 $2,671
2020 $16,586 $1,952 $733 $1,219
2019 $18,072 $1,952 $733 $1,219
2018 $18,072 $2,202 $0 $0
2017 $10,500 $2,202 $827 $1,375
2016 $16,897 $2,202 $717 $1,485
2015 $4,454 $2,202 $717 $1,485
2014 $4,454 $2,202 $717 $1,485
2013 $4,878 $2,539 $827 $1,712
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2025 04/28/25 For Sale $1,288,000 -- $379 / Sq Ft
Source: OneKey® MLS

Purchase History

Date Type Sale Price Title Company
Bargain Sale Deed $875,000 Macgregor Abstract Corp
Bargain Sale Deed $875,000 Macgregor Abstract Corp
Warranty Deed -- None Available
Warranty Deed -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $350,000 Commercial
Closed $350,000 Commercial
Source: Public Records

Source: OneKey® MLS

MLS Number: 854494

OneKey® MLS

APN: 2227-08-040-00-0034-0