Bank of America | 8225 Jericho Tpke
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Bank of America 8225 Jericho Tpke
4,400 SF Retail Building Woodbury, NY 11797 $7,600,000 ($1,727/SF) 7.90% Cap Rate
Investment Highlights
- Trophy Real Estate – Located on Long Island’s luxurious North Shore, the area is known for its extreme wealth and lavish estates
- Corporate lease backed by Bank of America (NYSE:BAC)
- Hard Corner Location – An outparcel to Woodbury Common Shopping Mall, the property is located on a hard corner along Jericho Turnpike/NY-25 E
Executive Summary
Trophy Real Estate – Located on Long Island’s luxurious North Shore, the area is known for its extreme wealth and lavish estates.
Hard Corner Location – An out parcel to Woodbury Common Shopping Mall, the property is located on a hard corner along
Jericho Turnpike/NY-25 E.
Corporate lease backed by Bank of America (NYSE:BAC).
Dense Demographics – Located in a dense in-fill market, there are roughly 200,000 people in a 5-mile radius of the property.
Hard Corner Location – An out parcel to Woodbury Common Shopping Mall, the property is located on a hard corner along
Jericho Turnpike/NY-25 E.
Corporate lease backed by Bank of America (NYSE:BAC).
Dense Demographics – Located in a dense in-fill market, there are roughly 200,000 people in a 5-mile radius of the property.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,400 SF
Building Class
B
Year Built
1957
Price
$7,600,000
Price Per SF
$1,727
Cap Rate
7.90%
NOI
$600,400
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Land Acres
0.66 AC
Zoning
C - Commercial
Parking
30 Spaces (6.82 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 2489-14-039-00-0001-0 | Improvements Assessment | $5,982 |
| Land Assessment | $8,732 | Total Assessment | $14,714 |
PROPERTY TAXES
Parcel Number
2489-14-039-00-0001-0
Land Assessment
$8,732
Improvements Assessment
$5,982
Total Assessment
$14,714
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Bank of America | 8225 Jericho Tpke
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