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2160 Jericho Tpke

47,101 SF 100% Leased Retail Building Commack, NY 11725 £13,515,946 (£287/SF) 6.50% Net Initial Yield

Investment Highlights

  • Long Term Leases
  • Ingress and Egress from both Jericho Turnpike and Veterans Memorial Hwy
  • Brand New Parking Lot
  • Near term scheduled rental increases offer immediate increase on cap rate return

Executive Summary

­­Adam Silber of Silber Investment Properties is pleased to exclusively present the opportunity to purchase this ideally positioned, modified net lease center, with long term historical tenancy. This property is located in Commack, NY. Ranked #13 best places to live in Suffolk County, with an A+ overall grade. Commack is a suburb of New York City with a population of 35,770.

Attachments

2160 Jericho Tpke, Commack, NY

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
47,101 SF
Building Class
B
Year Built
1975
Price
£13,515,946
Price Per SF
£287
Net Initial Yield
6.50%
NOI
£878,536
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.18
Land Acres
5.96 AC
Parking
420 Spaces (8.92 Spaces per 1,000 SF Leased)
Frontage
313 ft on Jericho Tpke

Amenities

  • Pylon Sign
  • Signage
1 of 1
2160 Jericho Tpke, Commack, NY - aerial map view

Nearby Major Retailers

Whole Foods Market
Starbucks
Applebee's
LA Fitness
Chase Bank
Bank of America
BJ's Wholesale Club
Jenny Craig
Apple Bank
Flagstar

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0800-116-00-01-00-009-002
  • 0800-116-00-01-00-001-001
 Improvements Assessment £36,834
Land Assessment £20,534 Total Assessment £57,368

PROPERTY TAXES

Parcel Numbers
Multiple
  • 0800-116-00-01-00-009-002
  • 0800-116-00-01-00-001-001
Land Assessment
£20,534
Improvements Assessment
£36,834
Total Assessment
£57,368
(516) 864-8000 x205

  • Listing ID: 31142133

  • Date on Market: 06/03/2024

  • Last Updated:

  • Address: 2160 Jericho Tpke, Commack, NY 11725

The Retail Property at 2160 Jericho Tpke, Commack, NY 11725 is currently available For Sale. Contact Silber Investment Properties, LTD for more information.

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2160 Jericho Tpke, Commack, NY for sale Building Photo- Image 1 of 3
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2160 Jericho Tpke, Commack, NY for sale Aerial- Image 2 of 3
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© 2024 CoStar Group

2160 Jericho Tpke
(516) 864-8000 x 205

2160 Jericho Tpke

Adam Silber

(516) 864-8000

x205

(516) 864-8000 x205

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