Fully Leased Office
337-343 - 20 Blake Merrick & Blake Road Lynbrook, NY 11563
New
337-343 - 20 Blake Merrick & Blake Road, Lynbrook, NY, 11563
$1,995,000
For Sale
$1,995,000
SINGLE_FAMILY - Lynbrook, NY
Property Size10,000 SF
Lot Size0.24 Acres
Price / SF$199.50
Days on Market7
Property Features for 337-343 - 20 Blake Merrick & Blake Road
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- Com
- Standard status
- Active
- APN
- 2025-37-316-00-0055-0
- Lot size
- 0.24 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 63000
Utilities
- Utilities
- Cable Available
- Sewer type
- Public Sewer
- Heating system
- Baseboard, Forced Air, Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Number of units
- 5
- Building materials
- Brick
Listing agency
Precise Building Tech Corp
(516) 799-1900
Listed by
Joy B. Kannett · License #NY 01234567
(516) 567-0241
Added: Jul 16 Checked: Jul 22 at 12:06AM
MLS# 1026963
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully leased office building offers approximately 10,000 square feet of office space with 12 updated offices, with some offices combined to create flexibility. The building includes 6 restrooms and features a brick facade. The property also includes a newly paved private parking lot with capacity for 20 cars.
The building is located at the corner of Merrick Road and Blake Avenue, with frontage on busy Merrick Road. The offering also highlights close access to public transportation via the LIRR, along with nearby shops and restaurants.
The current layout and condition are intended to support a range of professional office uses, with flexibility reflected in the existing office configuration and combined suites.
The building is located at the corner of Merrick Road and Blake Avenue, with frontage on busy Merrick Road. The offering also highlights close access to public transportation via the LIRR, along with nearby shops and restaurants.
The current layout and condition are intended to support a range of professional office uses, with flexibility reflected in the existing office configuration and combined suites.
Key Highlights
- Fully leased 10,000 SF office building on the corner of Merrick Road and Blake Avenue in Lynbrook
- Brick exterior with 12 updated offices (some combined so it may be more) and 6 restrooms
- Central air plus natural gas heating with forced air and baseboard
Local Financial Insights For Office B
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 | $279.6k | $27.96 |
| − Vacancy | −$50.3k | −$5.03 |
| EGI | $229.3k | $22.93 |
| − OpEx | −$57.3k | −$5.73 |
| NOI | $172.0k | $17.20 |
10,000 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.46M
$2.15M – $2.87M
NOI $171,954 @ 7.0% cap · market cap 8.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.61M
$5.79M – $7.71M
NOI $462,825 @ 7.0% cap · market cap 23.20%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Fully leased 10,000-square-foot office building with updated offices, 6 restrooms, and on-site parking for 20.
Where is this office building located?
The property is located at 337-343 - 20 Blake Merrick & Blake Road Lynbrook, NY.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Fully leased 10,000 SF office building on the corner of Merrick Road and Blake Avenue in Lynbrook; Brick exterior with 12 updated offices (some combined so it may be more) and 6 restrooms; Central air plus natural gas heating with forced air and baseboard
