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4881 Merrick Rd
Massapequa Park, NY 11762
AUCTION: 2/13. NNN Lease to Citibank. $1.25m · Retail Property For Sale
PROPERTY FACTS
ABOUT 4881 MERRICK RD , MASSAPEQUA PARK, NY 11762
Immediate Sale Directed via Public Auction NNN Leased Citibank Building Prime Location on Main Thoroughfare Details: 4881 Merrick Road, Massapequa Park, NY 11762 Located Between Park Blvd & Cartwright Blvd Prime Location on Main Thoroughfare Very Strong Local Deposit Base with $199,000,000 in Deposits 4,080 Sq Ft Lot (40' x 102') 40' Frontage on Merrick Road Citibank Occupies Entire Building – NNN Lease 4,624 Sq Ft (3,734 Sq Ft of Retail & 890 Sq Ft of Office) Current Annual Base Rent: $112,044 15 Year Initial Term (6/2007 – 6/2022) 3 Ten Year Lease Extensions Annual CPI Escalations (3% Cap) Tenant Responsible for 100% of Expenses Additional Information: County: Nassau Section: 53 Block: 88 Lot: 373 Annual Real Estate Taxes: $57,025.42 $1,250,000 Opening Bid ----- PARTIAL AUCTION LIST BELOW (Visit Web for Most Current List) 1/17: Southampton: Two Residential Lots 1/22: Upper East Side, NYC: 5,300+ Sq Ft Mixed-Use Building 1/24: Bronx: 1,750 Sq Ft Office Bldg (Handyman Special) Bronx: 2,250 Sq Ft Corner Lot Brooklyn: 2-Family Brownstone (Fire Damaged) 2/13: Freeport: Turn-Key Marina Massapequa Park: NNN Leased Citibank Bay Shore: Citibank Corner Downtown Building Brooklyn: 7 Unit Multifamily Building SEEKING OFFERS: -Tribeca, NYC: 3,200+ Sq Ft Luxury Waterview Condo *100+ Bank Repo/Consignment Autos & Boats Sell Tri-Weekly on Long Island
PROPERTY TAXES
| Parcel Number | 2417-53-088-00-0373-0 | Improvements Assessment | $8,356 |
| Land Assessment | $1,285 | Total Assessment | $9,641 |
PROPERTY TAXES
