231 Jericho Turnpike New Hyde Park, NY 11040
North New Hyde Park NeighborhoodEstimated payment $8,513/month
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
B Square Realty Brokerage Phone: 646-889-9988 License #10311207854 Listed on: 04/28/2025

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
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
04/28/2025 04/28/25 | For Sale | $1,288,000 | -- | $379 / Sq Ft |
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 |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Open | $350,000 | Commercial | |
Closed | $350,000 | Commercial |
Source: OneKey® MLS
MLS Number: 854494

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