Multi-Tenant Medical Office
325 Merrick Ave East Meadow, NY 11554
325 Merrick Ave, East Meadow, NY, 11554
Contact for pricing
For Sale
Contact for pricing
Multi-tenant medical and professional office building with ample on-site private parking on a 0.730-acre parcel.
Property Size18,690 SF
Lot Size0.73 Acres
Price / SF$288.92
Days on Market116
Property Features for 325 Merrick Ave
General Information
- Standard status
- Active
- Size
- 18,690 SF
- Lot size
- 0.73 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1988
Listing agency
North Village Realty
Listed by
Thomas Bigansky · License #NY 10491210989
Source
Crexi
Added: Mar 28 Updated: Jul 21 at 7:27AM Checked: Jul 21 at 7:27AM
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 North Village Realty
Investment Insights
Based on property information with market context.
325 Merrick Ave is an 18,690 SF multi-tenant medical office building on a 0.730-acre parcel in East Meadow, NY. The property is currently configured for medical and professional office use with multiple tenants, supporting a mix of occupancy within the same building.
The asset includes ample private on-site parking spaces, designed to accommodate medical office users and provide convenient access for tenants and visitors.
For sale, the building offers stable, income-oriented use consistent with corridor demand, with strong practical functionality for medical office operations supported by parking and an existing tenant layout.
The asset includes ample private on-site parking spaces, designed to accommodate medical office users and provide convenient access for tenants and visitors.
For sale, the building offers stable, income-oriented use consistent with corridor demand, with strong practical functionality for medical office operations supported by parking and an existing tenant layout.
Key Highlights
- 18,690 SF multi‑tenant medical and professional office building built in 1988
- Configured for medical and professional office use with multiple tenants
- Sits on a 0.730‑acre parcel
Local Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $634.7k | $33.96 |
| − Vacancy | −$88.2k | −$4.72 |
| EGI | $546.5k | $29.24 |
| − OpEx | −$218.6k | −$11.70 |
| NOI | $327.9k | $17.54 |
18,690 SF · lease $33.96/SF/yr · vacancy 13.90% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$4.68M
$4.10M – $5.46M
NOI $327,892 @ 7.0% cap · market cap 6.07%
Second Best
Office B
$4.59M
$4.02M – $5.36M
NOI $321,382 @ 7.0% cap · market cap 5.95%
Theoretical Best
Specialty Retail
$12.36M
$10.81M – $14.42M
NOI $865,020 @ 7.0% cap · market cap 16.02%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Complete Orthopedic Services ...
Orthotics & Prosthetics Service
Orthopedic Surgery and Sports ...
Physician
Advance Foot and Ankle ...
Physician
mydoc
Medical Clinic
Form & Function Aesthetics ...
Spa & Massage Center
Similar For Sale Nearby
Similar Off Market Nearby
- Helping PAW — 220 E Meadow Ave, East Meadow, NY 11554
FAQs
What type of property is this?
Medical Office Space - Multi-tenant medical and professional office building with ample on-site private parking on a 0.730-acre parcel.
Where is this medical office space located?
The property is located at 325 Merrick Ave East Meadow, NY.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 18,690 SF multi‑tenant medical and professional office building built in 1988; Configured for medical and professional office use with multiple tenants; Sits on a 0.730‑acre parcel
