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526-532 Merrick Rd 10,000 SF 100% Leased Retail Building Rockville Centre, NY 11570 $3,700,000 ($370/SF) 6.71% Cap Rate
Investment Highlights
- Walking distance to Mount Sinai South Nassau
- Property borders Oceanside which allows for onstreet parking
- Prime signalized corner in Rockville Centre
Executive Summary
Prime location on the corner of S Long Beach Rd. and Merrick Rd in Rockville Centre. This 100% rented property consists of 8 apartments and 5 stores.
Many rents are below market, providing a new owner with a strong upside.
Many rents are below market, providing a new owner with a strong upside.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
10,000 SF
Building Class
B
Year Built
1949
Price
$3,700,000
Price Per SF
$370
Cap Rate
6.71%
NOI
$248,267
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.94
Lot Size
0.24 AC
Frontage
Amenities
- Signage
- Signalized Intersection
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Finance and Insurance
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Allstate began in 1931 when Sears Roebuck created it to sell auto insurance by mail. The company became fully independent in 1995 after Sears divested its shares. Allstate offers multiple insurance products across personal and commercial lines. The company provides homeowners, auto, renters, and life insurance through various distribution channels. Allstate maintains a significant market presence in the United States insurance industry.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Finance and Insurance | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Very Walkable (89)
Nearby Major Retailers
Property Taxes
| Parcel Number | 2029-38-339-00-0030-0 | Improvements Assessment | $8,981 |
| Land Assessment | $3,228 | Total Assessment | $12,209 |
Property Taxes
Parcel Number
2029-38-339-00-0030-0
Land Assessment
$3,228
Improvements Assessment
$8,981
Total Assessment
$12,209
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526-532 Merrick Rd
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