140-144 Jericho Turnpike Mineola, NY 11050...Paris and became the first ... 7,473 households, and4,954families residing inthe village. Thepopulation density was 10,337.3 peopleper

140-144 Jericho Turnpike, Mineola, New York 11501 – Confidential Offering Memorandum

140-144 Jericho Turnpike Mineola, NY 11050

CONFIDENTIAL OFFERING MEMORANDUM

For further information or inspection, please contact Exclusive Agents:

Marlon Suarez and Sage SalzerReal Estate Sales Specialists

[email protected], [email protected]

NATHAN KAMARA SANDRA MARTINI

516-424-1404

[email protected]

516-445-3750

[email protected]

KELLER WILLIAMS OF GREATER NASSAU

mailto:[email protected]


CONFIDENTIALITY & CONDITIONS

This is a confidential brochure intended solely for your limited use and benefit in determining whether you desire to express any further interest in the purchase of 140-144 Jericho Turnpike, Mineola, New York 11050 (the “Property”).

This brochure was prepared by New York Residence, Inc., (“NYR”) and has been reviewed by representatives of Ownership. It contains selected information pertaining to the Property and does not purport to be all-inclusive or to contain all of the information which prospective purchasers may desire. It should be noted that all financial projections are provided for general reference purposes only in that they are based on assumptions relating to the general economy, competition, and other factors beyond the control of NYR, or Owner and, therefore, are subject to material variation. Additional information and an opportunity to inspect the Property and plans will be made available to interested and qualified investors. Neither Owner, NYR nor any of their respective officers nor employees, have made any representation or warranty, expressed or implied, as to the accuracy or completeness of this brochure or any of its contents, and no legal commitments or obligations shall arise by reason of this brochure or any of its contents. All square footage measurements must be independently verified.

Owner expressly reserves the right, at its sole discretion, to reject any or all expressions of interest or offers to purchase the Property and/or to terminate discussions with any entity at any time with or without notice. Owner shall have no legal commitment or obligation to any entity reviewing this brochure or making an offer to purchase the Property unless and until a written agreement satisfactory to Owner has been fully executed, delivered, and approved by Owner and any conditions to Owner obligations thereunder have been satisfied or waived.

By receipt of this brochure, you agree that this brochure and its contents are of a confidential nature, that you hold and treat it in the strictest confidence, and that you will not disclose this brochure or any of its contents to any other entity without the prior written authorization of Owner nor will you use this brochure or any of its contents in any fashion or manner detrimental to the interest of Owner or NYR.

It is essential that all parties to real estate transactions be aware of the health, liability and economic impact of environmental factors on real estate. NYR does not conduct investigations or analysis of environmental matters and, accordingly, urges its clients to retain qualified environmental professionals to determine whether hazardous or toxic wastes or substances (such as asbestos, PCB’s and other contaminants or petrochemical products stored in underground tanks) or other undesirable materials or conditions,

are present at the Property and, if so, whether any health danger or other liability exists.

Such substances may have been used in the construction or operation of buildings or may

be present as a result of previous activities at the Property.

Various laws and regulations have been enacted at the federal, state and local levels

dealing with the use, storage, handling, removal, transport and disposal of toxic or

hazardous wastes and substances. Depending upon past, current and proposed uses of

the Property, it may be prudent to retain an environmental expert to conduct a site

investigation and/or building inspection. If such substances exist or are contemplated to be

used at the Property, special governmental approvals or permits may be required. In

addition, the cost of removal and disposal of such materials may be substantial.

Consequently, legal counsel and technical experts should be consulted where these

substances are or may be present.

While this brochure contains physical description information, there are no references to

condition. Neither Owner nor NYR make any representation as to the physical condition of the Property. Prospective purchasers should conduct their own independent

engineering report to verify property condition.

In this brochure, certain documents, including leases and other materials, are described insummary form. The summaries do not purport to be complete nor, necessarily, accurate

descriptions of the full agreements involved, nor do they purport to constitute a legal

analysis of the provisions of the documents. Interested parties are expected to review

independently all relevant documents.

The terms and conditions stated in this section will relate to all of the sections of the

brochure as if stated independently therein. If, after reviewing this brochure, you have no

further interest in purchasing the Property at this time, kindly return this brochure to NYR at your earliest possible convenience. Photocopying or other duplication is not authorized.

This brochure shall not be deemed an indication of the state of affairs of Owner, nor

constitute an indication that there has been no change in the business or affairs of

Owner since the date of preparation of this brochure.

Once you have expressed an offer to acquire the property and have demonstrated certain

bona fides satisfactory to owner, certain further and additional information may be provided

in order for you to complete your due diligence investigation; e.g. complete and detailed

rent roll, expense pass-through's.

Zoning is a critical factor in the value of this property. All zoning information must be

independently verified.

New York Residence offers a full range of residential and commercial real estate services and is one of New York’s leading firms in its field.

The strongest team in the industry, an unsurpassed local and international network and solid hard work help us to surpass our clients’ expectations every day when it comes to buying and renting property in New York area.

Founded in 2003, we are proud to have successfully facilitated several billion dollars in transaction volume.Our dedicated on-site team represents some of the city’s best high-profile developments.

We are dedicated to fulfilling all of our clients real estate needs. In this time of unparalleled growth, opportunity, and competition, you need a brokerage firm committed to your needs and best interests; a brokerage firm that will always be there for you.

Contact New York Residence and make us your "brokers for life."


140-144 Jericho Turnpike

Mineola, New York 11501CONFIDENTIAL OFFERING MEMORANDUM

North West Front Corner View South East Rear View


I. Introduction & Highlights……………………………… 6 - 8

Executive Summary

Location Map

Location & Tax Map

II. Photos…………………………………………………… 9

Aerial Photo

III. Property Summaries…………………………………… 10 - 11

Property Overview

Income & Expense Summary

IV. Neighborhood Information……………………………… 12 - 13

Neighborhood Description

District Demographics

V. Transportation Information……………………………… 14

Transportation Description

Transportation Maps

VI. Zoning Information………………………………….…… 15 - 16

Zoning Map

Zoning Information

TABLE OF CONTENTS


EXECUTIVE SUMMARY

Introduction

New York Residence, Inc. ("NYR") has been retained on an exclusive basis by ownership to arrange for the

sale of 140-144 Jericho Turnpike, Mineola New York

11501 inNassau County, Long Island. The subject property

consists of a Commercial / Retail building with 11,400

(approx.) gross square feet and a equal sized 11,400

(approx.) square foot basement on a 22,974 square foot

parcel. The property is located on a very busy traffic light

intersection on the corner of Jericho Turnpike and Willis

Avenue.

Property Description

The subject property is a (1) story commercial building

with (5) retail spaces and a large parking lot that can

accommodate 32 vehicles. The building and the parking

lot are on independent tax lots. The property is ideally

located in the center of a very a busy shopping area with

restaurants, retail and offices in direct proximity. Public

transportation is within a short walk from the property.

The property poses a good opportunity for an owner-

user or a investor. Showings are available on request

and by appointment only.

Zoning

The property is located in the GB (General Business)zoning district which allows for multiple uses. See theZoning section of this Offering Memorandum.


LOCATION MAP


LOCATION & TAX MAP

Section: 9

Block:

Lots:

322

212 & 213

The subject property is a singlestory 11,400 Sq. Ft. buildingdivided into (5) retail spaceswith a parking lot that canaccommodate approximately 32vehicles on a parcel ofapproximately 22,974 Sq. Ft.The property is located on thecorner of Jericho Turnpike andWillis Avenue in the Village ofMineola.


AERIAL PHOTOS


Address: 140-144 Jericho Turnpike, Mineola, NY 11501

Location: On the Northwest corner of Jericho Turnpike and

Willis Avenue

Sec: 9

Block: 32

Lot: 212 & 213

Lot Dimensions: 100' x 220’ (reg.)

Building Square Feet: 11,454 (Approx.)

Stories: 1

Zoning: B-2 (General Business)

Lot Size: 22,974 sq. ft. (approx.)

Parking: 32 Car Private Parking Lot

Taxes (13/14): $92,558

PROPERTY OVERVIEWDescription:

The subject property is a (1) story retail

building with a total of 11,400 (approx.) Sq.

Ft. of leasable space with a parking lot

behind the property to accommodate

approximately 32 vehicles. The total

combined lot size is 22,974 SF. Located on

a very busy intersection in the Village of

Mineola on Jericho Turnpike and Willis

Avenue.

$101,064.00

Village Taxes $10,825.00

+ Basement

$105,199

14-144 Jericho Turnpike, Mineola, New York Confidential Offering Memorandum

PROPERTY INCOME & EXPENSE

5,500

66,000

Projected

Projected

Actual

Projected

Projected

Actual

Projected

Taxes

Insurance

Maintinance

Projected Net income

15,000

10,000

5,500 31.43

417,20034,768

106,024

286,176

3,967

3,967

34 47,600

34 47,600

140-144 Jeriho Turnpike, Mineola, New York 11501 – Confidential Offering Memorandum

NEIGHBORHOOD DESCRIPTIONThe land now known as Mineola was originally part of Henry Hudson's

original claim in the name of the Dutch East India Company dating as

far back as 1609. By the 19th century the Dutch and English settlers

worked to clear land for farming to start their life on the Hempstead

Plains. It was in 1858 when this land became known as Mineola,

named after an Algonquin Indian Chief, Miniolagamika meaning,

"Pleasant Village." The name was later shortened and altered to

"Mineola."

Mineola was legally incorporated in 1906 and run by a president. The

president and Trustees worked to meet the needs of the growing

community and later became the judicial and legislative heart of

Nassau County. The County Seat found it's home in Mineola on Friday

July13, 1900, Governor Theodore Roosevelt laid the cornerstone of the

Nassau County Court House.

Winthrop-University Hospital, originally founded in 1896 by local

physicians and residents as Nassau Hospital, was Long Island's first

voluntary hospital. In 1897, it admitted 91patients, performed 27

operations, and reported two births and eight deaths during the first

year. The original hospital was constructed in 1900. Today, Winthrop

is a nationally recognized award winning hospital and in 2004 was

ranked among the Top 5 Percent of Acute-Care Hospitals in the

Country.

Mineola was also a familiar place to many of the most famous pilots inhistory. The Wright Brothers, Igos Sikorsky, Captain Rene Fonac, and

the famed duo of Clarence Chamberlain and Bert Acosta, dubbed

"twins of derring-do," all spent time in Mineola taking advantage of the

rolling grasslands and favorable winds. On May 20, 1927 at 7:52am,

Charles Lindbergh started his historic flight from nearby Roosevelt

Field. Thirty-three hours later he landed in Paris and became the first

person to complete a solo flight across the Atlantic Ocean.

Main Street was the center of village business as well as a popular

meeting place for farmers and the business community alike. The

general store offered an array of goods that would fulfill most

everyday needs, such as hardware, toys, wool, dry goods, clothing

and food. The small glass-fronted mail and delivery boxes filled the

existing six-foot post office. As the Mineola population grew, the

post office was relocated to the Meyer Building on Mineola

Boulevard and then twice more to 3rd Street and 2nd Street. It

eventually found it's permanent home on 1st Street and Main Street.

Mineola's first theatre named Allen's Hall drew in many early

moviegoers to see "the flickers." Motion picture success drew in

other theaters to the area, the most lavish being the Century Opera

House. Most theaters had a showing in the morning and in the

evening, usually featuring a live pianist who kept up with the action

of the movie while playing music that suited the story.

As years passed, Jericho Turnpike was turning into the "main

street," farmland was being sold off and homes and offices were

being built. Mineola has continued to be a community of growth

and development.

The Village of Mineola has a history of which to be proud. It has

become an outstanding residential suburban community that is

home to more than 20,000 residents and enjoys a strong local

economy.


DISTRICT DEMOGRAPHICSAs of the census of 2010, there were 18,799 people, 7,473 households,

and 4,954 families residing in the village. The population density was

10,337.3 people per square mile (3,992.6/km²). There were 7,650 housing

units at an average density of 4,111.5 per square mile (1,588.0/km²). The

racial makeup of the village was 81.7% White, 71.5% Non-Hispanic White,

2.0% African American, 0.2% Native American, 8.5% Asian, 0.0% Pacific

Islander, 5.3% from other races, and 2.3% from two or more races. 16.4%

of the population is Hispanic or Latino of any race.

There were 7,473 households out of which 27.0% had children under the

age of 18 living with them, 53.2% were married couples living together,

9.3% had a female householder with no husband present, and 33.7% were

non-families. 29.1% of all households were made up of individuals and

11.8% had someone living alone who was 65 years of age or older. The

average household size was 2.57 and the average family size was 3.20.

In the village the population was spread out with 20.2% under the age of

18, 7.4% from 18 to 24, 34.1% from 25 to 44, 22.6% from 45 to 64, and

15.7% who were 65 years of age or older. The median age was 38 years.

For every 100 females there were 92.5 males. For every 100 females age

18 and over, there were 89.6 males.

The median income for a household in the village was $60,706, and the

median income for a family was $71,042. Males had a median income of

$47,182 versus $37,057 for females. The per capita income for the village

was $28,890. About 2.6% of families and 4.2% of the population were

below the poverty line, including 3.5% of those under age 18 and 5.4% of

those age 65 or over.


TRANSPORTATION DESCRIPTION

Long Island Railroad Information & Map Transportation Bus Map

Nassau Inter-County Express (NICE)Mineola is a station on the Main Line of the Long Island Rail Road in the

village of Mineola, New York. All trains for the Port Jefferson, Ronkonkoma,

and Oyster Bay branches run through this station, as well as a few for the

Montauk Branch. As of May 2011, 145 trains stop at this station every

weekday, more than any other station east of Jamaica. It is the eighth-

busiest station on the LIRR in terms of weekday boarding's, with 10,348

boarding's per day on the average.


ZONING MAPThe subject property is located in Business B-1 Zoning District

Source: The Village of Mineola


ZONING INFORMATION

Documents

140-144 Jericho Turnpike Mineola, NY 11050...Paris and became the first ... 7,473 households, and4,954families residing inthe village. Thepopulation density was 10,337.3 peopleper