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Jericho, NY High Cap Rate Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Jericho, New York Market population: 14K. Compare commercial properties across all major asset classes...

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📊 Average Cap Rate For Jericho NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY – Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000
Buffalo Multifamily

Discover a compelling investment in Buffalo’s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%
NOI $491,400
Size 65,000 SF

📊 Avg Property Tax Rate For Jericho NY Properties: 0.8200%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000
Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%
NOI $107,842
Size 8,640 SF

Investor Questions For Jericho NY

Common questions from investors exploring commercial real estate in Jericho NY.

What are the key factors that make Jericho, NY an attractive market for real estate investment? +
The combination of a high median household income of $151,711, a relatively low poverty rate of 4.2%, and a strong health insurance coverage rate of 97.4% suggests a stable and secure market for investors. Additionally, the diverse economy with top industries in Healthcare & Social Assistance, Finance & Insurance, and Professional, Scientific, & Technical Services provides a broad base for employment and rental demand.
How does the demographic profile of Jericho, NY impact the real estate market? +
The demographic profile of Jericho, NY, with a median age of 44.1 and a high percentage of White and Asian populations, indicates a potentially stable and long-term rental market. The foreign born rate of 24.5% and the top industries also suggest a diverse and skilled workforce, which can contribute to a strong demand for housing.
What are the implications of the commute patterns and transportation options in Jericho, NY for real estate investors? +
The average commute time of 37.4 minutes and the top commute methods of driving alone, public transit, and working from home suggest that investors should consider properties with easy access to transportation hubs and amenities that support remote work. The relatively high health insurance coverage rate of 97.4% also indicates a stable workforce with access to quality healthcare.
How does the income inequality and poverty rate in Jericho, NY affect the quality of tenants and rental yields? +
The GINI coefficient of 0.439 and the poverty rate of 4.2% suggest a relatively equitable distribution of income and a low percentage of impoverished residents, which can contribute to a higher quality of tenants and more stable rental yields. The high median household income of $151,711 and the strong health insurance coverage rate of 97.4% also support this assessment.
What role do the top industries and occupations play in shaping the real estate market in Jericho, NY? +
The top industries of Healthcare & Social Assistance, Finance & Insurance, and Professional, Scientific, & Technical Services, and the top occupations of Management, Sales, and Office & Administrative Support, indicate a skilled and professional workforce with a high demand for housing. The median property value of $703,400 and the median property taxes of $10,001 also suggest a high-value market with potential for long-term appreciation.

Jericho NY Real Estate & City Facts

Key facts and real estate information about Jericho NY.

What are some of the best neighborhoods to live in Jericho? +
Some of the best neighborhoods to live in Jericho include White Birch, which is known for its affordability and friendliness, and Jericho West, which is a wealthy neighborhood with high-income residents. Other recommended neighborhoods for young couples include Hicksville and Jericho itself.
What are some fun things to do in Jericho? +
There are plenty of fun things to do in Jericho, including visiting the Jericho Cider Mill, exploring the Milleridge Village, and enjoying activities at Active Kidz. You can also check out events and things to do on Eventbrite, which includes concerts, workshops, and networking meetups.
What is the food scene like in Jericho? +
The food scene in Jericho is vibrant and offers a variety of options, including contemporary American cuisine at restaurants like Market Bistro and The Foundry. You can also find steakhouse and seafood options at Opus Steakhouse, and enjoy elegant dining experiences at Luxe of Jericho. There are also plenty of great food trucks and casual eateries to choose from.
What are the pros and cons of living in Jericho? +
The pros of living in Jericho include its safe and wealthy neighborhoods, excellent schools, and easy access to New York City. However, some cons include high property taxes and a relatively high cost of living. Additionally, some residents may find the area to be quite suburban and lacking in diversity.
Is Jericho a good place to live? +
Overall, Jericho is a great place to live for those who value safety, excellent schools, and a suburban lifestyle. While it may not be the most diverse or affordable area, it offers a unique blend of small-town charm and big-city access. With its vibrant food scene, fun activities, and beautiful neighborhoods, Jericho is definitely worth considering for those looking to relocate to the area.
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