50 JERICHO TPKE, JERICHO
GOLD COAST INVESTMENT / END USER OPPORTUNITY | FULLY RENOVATED BOUTIQUE OFFICE BUILDING
Executive Summary
Property Snapshot
- Asking Price $3,895,000
- Net Income $240,233 (Projected)
- Section, Block & Lot 17, 16 & 32
- Building Size 15,189 SF
- Commercial Units 18
- Lot Size 20,822 SF
- Parking 40 Surface Spaces
- Real Estate Taxes $129,233 ($8.51 / SF)
The Offering
As exclusive agent, Cushman & Wakefield is pleased to offer for sale 100% fee interest in 50 Jericho Turnpike, Jericho. The subject property is a 15,189 SF, two-story boutique office building situated on a 20,822 SF lot improved with 40 surface parking spaces. Positioned along the highly visible Jericho Turnpike (NY 25) commercial corridor, the asset benefits from extreme visibility (30,000+ vehicles / day) and is surrounded by a blend of National tenants. The building has recently undergone a complete renovation, including the installation of a new elevator and high-end finishes throughout the common areas.
50 Jericho Turnpike is currently 95% leased to a blend of professional tenants, providing an investor or end user a premier Gold Coast opportunity.
For more information, or to schedule a walkthrough, please contact the exclusive brokers.
Floor Plans
