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Mixed-Use Investment Property
For Sale
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Pending

23 W Merrick Rd, Valley Stream, NY 11580

Seven rented units combine a doctor’s office, print shop, two stores, five apartments, and a 1.5-car garage.

Property SizeContact for details
Days on Market147

Property Features for 23 W Merrick Rd

General Information

Standard status Pending
Property subtype Mixed Use
Occupancy 100%

Units

Multifamily Units 5
Office Units 1
Listing Agency: CENTURY 21 American Homes
Listed By: Brian Starzman · License #NY
Source: Crexi
Added: Apr 12 Changed: Aug 16 Last Checked: Sep 5 at 1:53AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CENTURY 21 American Homes

Investment Insights

Based on property information with market context.

This mixed-use investment property features a total of seven rented units, including one doctor’s office, one print shop, and five apartments. The configuration includes three apartments above the two stores, plus two additional apartments located in a two-family house at the rear of the property. A 1.5-car garage is also included.

The building has separate utilities to support the income mix, including electric meters and cooking gas meters for each apartment. The doctor’s office and print shop both have central air conditioning and heat, with storage space in the basement, and the two stores have separate electric meters.

The property is being offered for sale as an all-occupied income asset with existing tenant occupancy in all units.

Key Highlights

  • 7‑unit investment property with 1 doctor’s office, 1 print shop, 2 stores, 5 apartments, and a 1.5‑car garage
  • All 7 units are rented; 3 apartments are above the two stores and 2 apartments are in a 2‑family house in the back
  • Separate electric meters for the 2 stores and individual electric meters plus cooking gas meters for each apartment

Property Analytics

Current Use

LMN Printing Co. Marketing & Advertising

Suggested Use

Top Pick Catering Service Pet Grooming Service Supermarket Nursing Home (Bike/Boat/Book/etc) Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Office units
5
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

3,012
Businesses Nearby

Demographics for 11580, NY

43,026
Population
13,582
Households
3.2
Avg Household Size
41
Median Age
38%
College-Educated
89%
High-School Grad
3.9 sq mi
ZIP Area
11,032
Density / Sq Mi
$135,385
Median Household Income
$56,417
Median Earnings
$1,852
Median Rent
$602,500
Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Seven rented units combine a doctor’s office, print shop, two stores, five apartments, and a 1.5-car garage.
Where is this apartment building located?
The property is located at 23 W Merrick Rd Valley Stream, NY.
What are key features of this property?
This property features: 7‑unit investment property with 1 doctor’s office, 1 print shop, 2 stores, 5 apartments, and a 1.5‑car garage; All 7 units are rented; 3 apartments are above the two stores and 2 apartments are in a 2‑family house in the back; Separate electric meters for the 2 stores and individual electric meters plus cooking gas meters for each apartment
More about this property
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