3943 Merrick Road Seaford, NY 11783
COMMERCIAL - Seaford, NY
- Added:
- Mar 5, 2026
- Days on Market:
- 131
- Last Refresh:
- Jul 14 at 11:06 am
Property Features for 3943 Merrick Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 2089-57-164-00-0151-0
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 39885
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1928
- Building materials
- Brick, Frame
Listing agent Richard Matt Shane License #10301216230 (516) 279-8828
Listing office All Island Estates Realty Corp 3242 Railroad Ave, Wantagh, NY (516) 783-5600
Listing date Mar 5, 2026
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.
The building is situated on a 10,230 sqft lot and offers 50' of frontage on Merrick Road, with remarks citing 33,000+ vehicles per day and 186 parking spaces. Business Districts (X) zoning is noted in the remarks.
As presented, the building includes income-producing components with pro forma financials provided in the marketing materials, including pro forma gross income of $256,800 and an indicated NOI of $208,176.
Key Highlights
- 11,880 SF mixed‑use building on a 10,230 SF lot with 50' frontage on Merrick Road in Seaford.
- Daily traffic count of 33,000+ vehicles per day with reported excellent signage and exposure.
- Two apartments plus restaurant: (1) 1BR and (1) 2BR apartment, plus office/business space and full lower level.
Local Financial Insights For Multifamily LT 5
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 | $342.1k | $28.80 |
| − Vacancy | −$18.8k | −$1.58 |
| EGI | $323.3k | $27.22 |
| − OpEx | −$97.0k | −$8.16 |
| NOI | $226.3k | $19.05 |
