Building Details

Year Built 1961

Year Renovated 2026

Buildings 1

Stories 3

Units 2

Tenancy Single

Construction colonial

Listing Agency: Douglas Elliman Commercial Division

Listed By: Ben Indiviglia · License #NY 10401224061 Show Phone

Source: Crexi

Added: May 1 Changed: Oct 9 Last Checked: Oct 20 at 9:14PM

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Investment Insights

Based on property information with market context.

This property combines a colonial single-family layout with an active, ground-floor dental office. The dental component includes four operatories (with nitrous and silver solder), three plumbed, along with a doctor’s office room, sterilization room, and dark room. Additional improvements for the office area include switch water, suction, a compressor, reinforced support beams, lead-lined walls, two kitchenettes, an ADA bathroom, and additional half and full bath facilities.

The upper floors provide residential living space, with the second floor featuring a living room, dining room, a new quartz kitchen with sliding doors to the deck, laundry room, a primary bedroom with an en-suite bath, two additional bedrooms, and a hall bathroom. The third floor offers two bedrooms, a full bath, and a walk-in closet/storage area. HVAC includes units replaced in 2023 providing forced hot air and central air independently serving the doctor’s office and the second floor, along with two gas boilers and two electric meters. The roof was replaced in 2012, and the front exterior has been painted.

The property includes two aprons and driveways, with approximately six to seven parking spaces available to support both office and residential use. It’s described as being permitted by Town of Hempstead for primary residency while operating an owner-occupied business.

Key Highlights

• Ground‑floor active dental office with 4 operatories plus ADA bathroom and additional half bath and full bath
• Owner‑occupied live/work setup: Town of Hempstead allows primary residency while operating an owner‑occupied business
• Medical office features include suction, switch water, compressor, sterilization room, dark room, and lead‑lined wall

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$59,912

Cap Rate

5.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,198,240 $1.2M

Cap Rate 7%

$855,886 $855.9K

Cap Rate 9%

$665,689 $665.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,415 SF

Gross rent

$116.0K $33.96/SF

− Vacancy

−$16.1K −$4.72/SF

EGI

$99.9K $29.24/SF

− OpEx

−$39.9K −$11.70/SF

NOI

$59.9K $17.54/SF

Area

Nassau County, NY

Vacancy

13.90%

Lease Rate

$33.96 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,198,240

Cap Rate 7%

$855,886

Cap Rate 9%

$665,689

Alternative Uses

Best Use

Healthcare Medical

$855.9K

$748.9K – $998.5K (±1% cap)

NOI $59,912 @ 7.0% cap · market cap 5.08%

Second Best

Office B

$838.9K

$734.0K – $978.7K (±1% cap)

NOI $58,722 @ 7.0% cap · market cap 4.98%

Theoretical Best

Specialty Retail

$2.26M

$1.98M – $2.63M (±1% cap)

NOI $158,055 @ 7.0% cap · market cap 13.39%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Cammarata Robert DDS Dental Office

Suggested Use

Top Pick Garden Center Auto Parts Store Catering Service Nursing Home Hotel & Motel (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

1,229

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 11566, NY

35,147

Population

11,723

Households

3

Avg Household Size

43

Median Age

58%

College-Educated

94%

High-School Grad

5.4 sq mi

ZIP Area

6,509

Density / Sq Mi

$169,868

Median Household Income

$79,500

Median Earnings

$2,803

Median Rent

$679,000

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

Similar Off Market Nearby

• Companions Animal Hospital — 1798 Merrick Rd, Merrick, NY 11566
• Bond Vet - Merrick — 2192 Merrick Rd, Merrick, NY 11566
• Merrick Veterinary Group — 61 Sunrise Hwy, Merrick, NY 11566
• Dr. Jonathan E. May — 61 Sunrise Hwy, Merrick, NY 11566
• East Bay Veterinary Hospital — 2314 Merrick Rd, Merrick, NY 11566

Frequently Asked Questions

What type of property is this?

Medical Office Space - Ground-floor active dental office with ADA bathroom and four operatories, atop a multi-bedroom residential layout.

Where is this medical office space located?

The property is located at 2461 Merrick Ave Merrick, NY.

What is the asking price?

The asking price for this property is $1,180,000.

What are key features of this property?

This property features: Ground‑floor active dental office with 4 operatories plus ADA bathroom and additional half bath and full bath; Owner‑occupied live/work setup: Town of Hempstead allows primary residency while operating an owner‑occupied business; Medical office features include suction, switch water, compressor, sterilization room, dark room, and lead‑lined wall