$10,000 Closing Credit¹
#838076, Listing Office: Signature Premier Properties
$1,288,000 List price
231 Jericho Tpke New Hyde Park, NY 11040
$10,000
Closing credit¹
5 beds
2 full
3,000 sqft
0.05 acres
$429 / sqft
House
Property details
About 231 Jericho Tpke
Prime Investment Opportunity in New Hyde Park 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 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.
Highlights
Home typeSingle Family Residence
HeatingForced Air, Oil, Other
StatusActive
CoolingDuctless
Size3,000 sqft
BasementYes
Lot size0.05 Acres
Year built1949
MLS #854494
Summary
- Full Bathrooms: 2
- Appliances: Other
- Basement: Yes
- Interior: Other
- Total Bedroom Count: 5
- Architectural Style: Other
- Heating: Forced Air, Oil, Other
- Cooling: Ductless
- List Price: $1,288,000
- Price/SqFt: $429
- Annual Tax Amount: $6,200
- Tax Year: 2024
- Directions: Google Maps
- Year Built: 1949
- Living Area: 3,000 SqFt
- Lot Size: 0.05 Acres
- MLS Number: 854494
- MLS Name: ONEKEY2
- Office Name: B Square Realty
- Office Phone: (646) 889-9988
Listings courtesy of OneKey MLS as distributed by MLS GRID.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2025, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 4/29/2025, 12:11:51 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,288,000
231 Jericho Tpke
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 29, 2023 | Home Sold | $875,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,333 | $6,200 |
| 2023 | $3,333 | $18,209 |
| 2022 | $3,333 | $17,472 |
| 2021 | $3,481 | $16,586 |
| 2020 | $3,481 | $16,063 |
| 2019 | $2,202 | $15,546 |
| 2018 | $2,202 | $18,072 |
| 2017 | $2,202 | $16,896 |
History based on county public records data.
Nearby schools
7
Stewart Manor School
Public District PK-6
0.6 mi
•38 Stewart Ave
8
New Hyde Park Road School
Public District PK-6
0.7 mi
•300 New Hyde Park Rd
7
John Lewis Childs School
Public District PK-6
0.7 mi
•10 Elizabeth St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $72,761. Residents of New Hyde Park, NY typically earn between $35k-100k each year. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
13%
<35k
50%
35k-100k
34%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
34%
Single, No Kids
5%
Single, with Kids
31%
Married, No Kids
30%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
8%
12-17 yrs old
19%
18-34 yrs old
45%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Live Theatre
Hiking/backpacking
Men's Tennis
Where do the neighbors shop?
Bloomingdales
Nordstrom Rack
Banana Republic
Where do the neighbors go to eat?
Boston Market
Starbucks
The Cheesecake Factory
What do the neighbors drive?
Mercedes
Audi
Volvo
What do the neighbors listen to?
News
Alternative
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About 231 Jericho Tpke
The listing price of 231 Jericho Tpke property is $1,288,000.
The property 231 Jericho Tpke is a house located in New Hyde Park, New York, 11040.
Active Listing: 231 Jericho Tpke is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 231 Jericho Tpke are: Stewart Manor School (GreatSchools Rating 7/10), New Hyde Park Road School (GreatSchools Rating 8/10), John Lewis Childs School (GreatSchools Rating 7/10), Irwin Altman Middle School 172 (GreatSchools Rating 7/10), PS/Intermediate School 208 (GreatSchools Rating 5/10), PS/Intermediate School 266 (GreatSchools Rating 7/10), Sewanhaka High School (GreatSchools Rating 5/10), New Hyde Park Memorial High School (GreatSchools Rating 7/10), Floral Park Memorial High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $6,200 (source: MLS/based on county public records data).
The last sale was on November 29, 2023 for $875,000 (source: MLS/tax record).
The property at 231 Jericho Tpke has 5 bedrooms and 2 bathrooms.
The property 231 Jericho Tpke is 3,000 SqFt (source: MLS/tax record).
The year of construction for 231 Jericho Tpke is 1949.
This home is located at 231 Jericho Tpke in New Hyde Park, NY and zip code 11040 in the Town of North Hempstead neighborhood. This 3,000 square foot home, which was built in 1949, sits on a 0.05 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 28, 2025 and is currently priced at $1,288,000.
New Hyde Park, NY housing market in March 2025 saw over 10 listings sold above listed price, more than 1 sold at listed price and over 10 sold below. In March 2025 in New Hyde Park, NY there were 3.6% less homes for sale than in February. In March 2025 median list price was $900,000 and the average listing age was 49 days.
From Rocket Homes Real Estate and based on county public records data.