This mixed-use property features two commercial units and two residential units, with the adjacent buildable lot offering a rare opportunity to develop multi-family residences, generating substantial additional income streams. Modern condos in high-demand areas appeal to both long-term tenants and short-term rental markets, providing strong and diversified returns for savvy investors. Commercial Units: 119 Jericho Turnpike: 1,200 sq. ft. + full basement, currently rented for a Hair & Beauty Salon – $4,000/month 113 Jericho Turnpike: 1,200 sq. ft. + full basement, presently rented for a Massage Therapy Spa – $4,000/month Residential Units: 115 Jericho Turnpike: Two-bedroom apartments, $2,000/month per unit 117 Jericho Turnpike: Two-bedroom apartments, $2,000/month per unit All units are fully occupied, providing immediate cash flow, but the property could be delivered vacant or fully occupied, offering flexibility for a new owner. There are no active leases, but the commercial tenants are willing to commit to 10-year leases, providing long-term stability if desired. Tenants pay 70% of real estate taxes, and all units are currently below market rent, providing strong value-add potential. The property includes an adjacent parking lot with space for over 10 vehicles and is located in a solid neighborhood. Financials Owner Expenses (Actual Property Tax Responsibility): Property Taxes (owner portion, 30% of $32,000) = $9,600/year Insurance = $1,500/year Vestibule/Common Electricity = $1,200/year Total Expenses: $12,300/year Current Rent Roll: $144,000/year Current NOI: $131,700/year Pro Forma Rent Roll: Commercial Units: 2 × $4,500/month = $108,000/year Residential Units: 2 × $4,000/month = $96,000/year Total Pro Forma Rent Roll: $204,000/year Pro Forma NOI: $191,700/year Sales Price: $2,890,000 Current Cap Rate: 4.7% Pro Forma Cap Rate: 6.85%