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440 W. Merrick Road + 163 Buscher Avenue 440 W Merrick Rd 12,560 SF 40% Leased Retail Building Valley Stream, NY 11580 $1,188,000 ($94.59/SF) 13.19% Cap Rate
Investment Highlights
- Calling All Investors, Developers & End-Users!!!
- 440 W. Merrick Road & 163 Buscher Avenue Are Both Included In This Sale!!!
- 8 Brand New Private Offices, 7,500+ Sqft. Warehouse, Separate Meters, New LED Lighting, +++!!!
- 13.19 Cap 12,560 Sqft. 5 Unit Warehouse/ Retail/ Office Building For Sale Asking Only $94 Per Sqft.!!!
- Renovated In 2020 The Building Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Bays, 18+ Parking Spaces
- Net Operating Income (NOI): $156,750 (Proforma 13.19 Cap)
Executive Summary
Calling All Investors, Developers & End-Users!!! 13.19 Cap 12,560 Sqft. 5 Unit Warehouse/ Retail/ Office Building For Sale Asking Only $94 Per Sqft.!!! 440 W. Merrick Road & 163 Buscher Avenue Are Both Included In This Sale!!! Renovated In 2020 The Building Features Excellent Signage, Great Exposure, High 16’ Ceilings, 2 Bays, 18+ Parking Spaces, 8 Brand New Private Offices, 7,500+ Sqft. Warehouse, Separate Meters, New LED Lighting, +++!!! The Entire Building Can Be Delivered Vacant If Need Be.
Income:
Retail Store/ Showroom: $56k Ann. Available (2,500 Sqft.)
Front 2nd Floor Office: $22,600 Ann. Available (1,200 Sqft.)
Rear Office: $39,600 Ann. Available (1,800 Sqft.)
440 W. Merrick Rd. Warehouse: $78,000 Ann. Available (5,000 Sqft.)
136 Buscher Ave. Warehouse: $28,600 Ann. Available (2,060 Sqft.)
Gross Income: $224,800
Expenses:
Gas: $0
Electric: $0
Insurance: $3,800
Taxes: $56,217
Village Taxes: $7,223
Water: $560
Total Expenses: $68,050
Net Operating Income (NOI): $156,750 (Proforma 13.19 Cap)
Income:
Retail Store/ Showroom: $56k Ann. Available (2,500 Sqft.)
Front 2nd Floor Office: $22,600 Ann. Available (1,200 Sqft.)
Rear Office: $39,600 Ann. Available (1,800 Sqft.)
440 W. Merrick Rd. Warehouse: $78,000 Ann. Available (5,000 Sqft.)
136 Buscher Ave. Warehouse: $28,600 Ann. Available (2,060 Sqft.)
Gross Income: $224,800
Expenses:
Gas: $0
Electric: $0
Insurance: $3,800
Taxes: $56,217
Village Taxes: $7,223
Water: $560
Total Expenses: $68,050
Net Operating Income (NOI): $156,750 (Proforma 13.19 Cap)
Financial Summary (Pro Forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$224,800
|
$17.90
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$224,800
|
$17.90
|
| Taxes |
$63,440
|
$5.05
|
| Operating Expenses |
$4,610
|
$0.37
|
| Total Expenses |
$68,050
|
$5.42
|
| Net Operating Income |
$156,750
|
$12.48
|
Financial Summary (Pro Forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $224,800 |
| Annual Per SF | $17.90 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $224,800 |
| Annual Per SF | $17.90 |
| Taxes | |
|---|---|
| Annual | $63,440 |
| Annual Per SF | $5.05 |
| Operating Expenses | |
|---|---|
| Annual | $4,610 |
| Annual Per SF | $0.37 |
| Total Expenses | |
|---|---|
| Annual | $68,050 |
| Annual Per SF | $5.42 |
| Net Operating Income | |
|---|---|
| Annual | $156,750 |
| Annual Per SF | $12.48 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
12,560 SF
Building Class
C
Year Built/Renovated
1960/2020
Price
$1,188,000
Price Per SF
$94.59
Cap Rate
13.19%
NOI
$156,750
Percent Leased
40%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
10’
Building FAR
1.03
Lot Size
0.28 AC
Zoning
C-X
Parking
4 Spaces (0.32 Spaces per 1,000 SF Leased)
Frontage
44’ on Merrick Rd
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
- 1st Floor
- 5,694 SF
- Retail
- -
- Now
- 2nd Floor
- 1,785 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 5,694 SF | Retail | - | Now |
| 2nd Floor | 1,785 SF | Office | - | Now |
1st Floor
| Size |
| 5,694 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 1,785 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
Walk Score®
Very Walkable (76)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2035-37-368-00-0004-0 | Total Assessment | $8,147 (2025) |
| Land Assessment | $2,993 (2025) | Annual Taxes | $63,440 ($5.05/SF) |
| Improvements Assessment | $5,154 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
2035-37-368-00-0004-0
Land Assessment
$2,993 (2025)
Improvements Assessment
$5,154 (2025)
Total Assessment
$8,147 (2025)
Annual Taxes
$63,440 ($5.05/SF)
Tax Year
2024
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440 W. Merrick Road + 163 Buscher Avenue | 440 W Merrick Rd
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