Prime investment opportunity on highly trafficked Jericho Turnpike in the heart of Floral Park, NY. This well-maintained neighborhood retail strip offers strong in-place income with 100% occupancy, making it an ideal turnkey asset for investors seeking stable cash flow.
The property features multiple retail storefronts with excellent visibility, prominent frontage, and convenient on-site front parking for customers. Positioned along one of the area’s main commercial corridors, the location benefits from consistent vehicular traffic, strong surrounding demographics, and established neighboring businesses.
Highlights:
Fully occupied – immediate income stream
Front parking lot for customer convenience
Strong street presence on Jericho Turnpike
Well-established retail corridor
Desirable Nassau County location
249-50 Jericho Turnpike, Bellerose, NY, 11001
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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