Prime Investment Opportunity in New Hyde Park - First Floor Tenant Occupied
This 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 is now vacant.
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.
Listed by Li Li
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B Square Realty
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646-889-9988
Last updated November 03, 2025
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Source: OneKey #854494
Listing Facts
TypeSingle-family
NeighborhoodNorth Hempstead
Bedrooms5
Bathrooms2
Days on Prevu229
Taxes$19,796.39/year
Size3,400 sqft
Price per sqft$379
Location
Mortgage Calculator
Listing History
04/28/2025
Listed by B Square Realty
$1,288,000
Property Details for 231 Jericho Tpke
Exterior
Construction
Property Attached: Yes
Property Condition: Updated/Remodeled
Year Built: 1949
Architectural Style: Other
Construction Materials: Other
Measurements
Building Area Total: 3,400
Building Area Units: Square Feet
Lot Size Acres: 0.05
Lot Size Square Feet: 2,000
Financial
Taxes
Tax Annual Amount: $19,796.39
Tax Year: 2025
Interior
Features
Appliances: Other
Interior Features: Other
Measurements
Living Area: 3,400
Living Area Source: Public Records
Rooms
Basement: Walk-Out Access
Has Basement: Yes
Bathrooms Full: 2
Bathrooms Total Integer: 2
Bedrooms Total: 5
Rooms Total: 9
Schools
Elementary School
Elementary School: Hillside Grade School
Elementary School District: New Hyde Park-Garden City Park
High School
High School: Contact Agent
High School District: Contact Agent
Middle or Junior School
Middle Or Junior School: Call Listing Agent
Middle Or Junior School District: Contact Agent
Utilities
Equipment
Cooling: Ductless
Heating: Forced Air, Oil, Other
Sewer: Public Sewer
Utilities: See Remarks
Water Source: Public
Frequently Asked Questions
How many bedrooms and bathrooms does this single-family home have?
There are 5 bedrooms and 2 bathrooms in this single-family home at 231 Jericho Tpke.
What schools are nearby to 231 Jericho Tpke?
Nearby schools include the Hillside Grade School Elementary School, Call Listing Agent Middle School, and Contact Agent High School.
What are the annual taxes for 231 Jericho Tpke?
Annual taxes for this single-family home are estimated at $19,796.
How does 231 Jericho Tpke compare to other single-family homes in North Hempstead?
This single-family home is listed 46% below the average price for single-family homes in North Hempstead and has been on the market for 138 more days than the typical home in this area.
What is the square footage on this single-family home?
According to the MLS, this listing is 3,400 sqft.
231 Jericho Tpke is a 5-bedroom, 2-bath single-family home for sale in New Hyde Park NY 11040. Available on Prevu for 229 days at $1,288,000. This property features 3,400 square feet of living space, located in North Hempstead. The median listing price for single-family homes in this area is $1,296,944. Nearby schools include Hillside Grade School Elementary School, Call Listing Agent Middle School, and Contact Agent High School. Explore more single-family home listings in Nassau County.
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