2-12 Merrick Ave 19,728 SF 100% Leased Retail Building Merrick, NY 11566 $5,290,000 ($268.15/SF) 6% Cap Rate

Ron Kleinberg of Tri-State Properties has been retained as the Exclusive selling broker to represent RJ Merrick LLC in the disposition of the retail/apartments, priced at $5,290,000. The three-story building, adjacent to the Merrick Train Station, is located at 2-12 Merrick Ave & 2 Nagel Court in Merrick, NY.
This low-rise, mixed use walk-up building constructed in the 1920s, consists of 12 apartments (free market) and 9 commercial tenants. Currently, the building is 100% occupied with a mixture of local retail and office tenants on the first floor. The owner spent approximately $250,000 on renovations in early 2021-2022, updating the facade, as well as resurfacing the parking/striping, painting & roof repairs.
The building is situated on 0.61 acres and has a dedicated 30-car parking lot in the back (+ street parking).
If you are interested in pursuing this opportunity, I would be pleased to send you the pro-forma.
Property tours will be available by appointment only.
Please contact Tri-State Properties, Exclusive Broker to schedule inspections.
Ron Kleinberg
Cell: 516-818-5626
Email: rkleinberg@tri-stateproperties.net
www.tristatepropertybrokers.com