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485 Merrick Rd
Rockville Centre, NY 11570
Office Property For Sale
Investment Highlights
- Passive Investment with Zero Landlord Responsibilities: The double net (NN) lease structure ensures Mount Sinai Radiology handles all expenses
- Exclusive PET/CT Scan Facility: This location serves as Mount Sinai’s dedicated site for all PET/CT scans
- Stable Returns in a Thriving Healthcare Corridor: The property’s strategic position in a bustling medical hub guarantees sustained demand
- Prime Location Near Major Hospital: Situated just steps from Mount Sinai South Nassau Hospital
- Strong Tenant with Renowned Reputation: Mount Sinai Radiology is backed by the prestigious Mount Sinai Health System
Executive Summary
For sale is a premier single-tenant NN lease property featuring Mount Sinai Radiology at 485 Merrick Road, Rockville Centre, NY, offering a truly passive investment opportunity with zero landlord responsibilities. Strategically located just steps from Mount Sinai South Nassau Hospital, this property benefits from its prime proximity to a major medical hub, ensuring high demand and stability. As the exclusive location for Mount Sinai’s PET/CT scans, critical for diagnosing conditions like cancer, heart disease, and brain disorders, the tenant’s specialized services drive consistent patient traffic and long-term lease security. With Mount Sinai’s renowned reputation and board-certified radiologists utilizing state-of-the-art imaging technology, this investment delivers strong, reliable returns in a thriving healthcare corridor.
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
2,500 SF
Building Class
B
Year Built
2020
Price
$2,350,000
Price Per SF
$940
Cap Rate
5.32%
NOI
$125,000
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,500 SF
Building FAR
0.39
Lot Size
0.15 AC
Zoning
Business A - Commercial
Property Taxes
| Parcel Number | 2029-38-336-00-0140-0 | Improvements Assessment | $2,238 |
| Land Assessment | $1,663 | Total Assessment | $3,901 |
Property Taxes
Parcel Number
2029-38-336-00-0140-0
Land Assessment
$1,663
Improvements Assessment
$2,238
Total Assessment
$3,901
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