128 Merrick Ave - Apartments FOR SALE


Merrick, NY 11566
$1,175,000 USD
631-858-2470
128 Merrick Ave, Merrick, NY for Sale
$1,175,000 USD
Apartments - FOR SALE
1/13
null | Request Cap Rate

128 Merrick Ave
Merrick, NY 11566


HIGHLIGHTS

  • Three full leased legal apartments
  • Office space available for end user
  • Close to amenities

OVERVIEW

Presenting an exceptional opportunity for a Multifamily/Mixed-Use Portfolio investor. This property at 128 Merrick Avenue North, Merrick, NY, 11566 boasts 3 legal apartments with long-term tenants who consistently pay rent on time. One tenant has been there for 8 years, and the other two for 3 years, providing a reliable gross income of $5,175/mo / $62,100/year. Additionally, the property features an approximately 750 SF office space that will be delivered vacant, offering flexibility for an end user or as a rental opportunity (for an additional $27,000/year in income). This property also has a private parking lot with 12 parking spaces. The prime location, close to the Merrick Mall Shopping Center, Stop & Shop, CVS, banks, and the Merrick Long Island Railroad Station, makes this property ideal for an investor or an end user looking for office space.

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$555 USD /SF

# OF UNITS

3

PRICE/UNIT

$391,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Office with 3 Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,721 SF

ZONING

-

APN/PARCEL ID

2089-56-097-00-0017-0

ASK ABOUT THIS PROPERTY

Christopher PesceDouglas Elliman CommercialMore Info
631-858-2470

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Christopher PesceDouglas Elliman CommercialMore Info
631-858-2470

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.