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440 W Merrick Rd
Valley Stream, NY 11580
440 W. Merrick Road + 163 Buscher Avenue · Retail Property For Sale
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)
PROPERTY FACTS
Sale Type
Investment or Owner Occupier
Property Type
Retail
Property Subtype
Property Size
12,560 sq ft
Costar Property Class
C
Year Built/Renovated
1960/2020
Price
£884,834
Price per sq ft
£70.45
Yield
13.19%
NOI
£116,749
Occupancy Rate
40%
Tenancy
Multiple
Number of Floors
2
Floor To Floor Height
10 ft
Plot ratio
1.03
Total Plot Size
0.28 ac
Use Class
C-X
Parking
4 Spaces (0.32 Spaces per 1,000 sq ft Leased)
Frontage
44 ft on Merrick Rd
AMENITIES
- 24 Hour Access
- Bus Route
- Security System
- Signage
- Storage Space
- Air Conditioning
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