Mixed-Use Building with
For Sale
$2,988,000
3943 Merrick Road, Seaford, NY 11783
Commercial Sale, Seaford, NY
Property Size11,880 SF
Lot Size0.23 Acres
Price / SF$251.52
Days on Market177
Property Features for 3943 Merrick Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Merrick Road between Washington & Jackson Avenues
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
Amenities
Security Camera System
Accessible Bathrooms
Ramp
Basement
3 Phase Power
All New LED Lighting
CAC
High 10' Ceilings
Building Details
Year built
1928
Building materials
Brick, Frame
Listing Agency:
All Island Estates Realty Corp
(516) 783-5600
Listed By:
Richard Matt Shane · License #10301216230
(516) 279-8828
Added: Mar 5
Changed: Aug 19
Last Checked: Aug 29 at 10:06AM
MLS# 967968
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 mixed-use commercial property at 3943 Merrick Road includes restaurant space, office areas, residential apartments, a basement, accessible bathrooms, and a ramp. The building has 10-foot ceilings, central air conditioning, natural-gas heat, three-phase power, security cameras, and LED lighting. Construction includes brick and frame components, with public water and sewer serving the property.
The building occupies a 10,230-square-foot lot with 50 feet of frontage on Merrick Road and 186 parking spaces. It is positioned near Route 135 in Seaford, with reported daily traffic exceeding 33,000 vehicles. Surrounding businesses include automotive dealerships, financial institutions, grocery and convenience retailers, restaurants, fitness, postal, and service uses.
Built in 1928, the property is located within Business Districts (X) zoning and offers a combination of commercial and residential improvements at one address.
The building occupies a 10,230-square-foot lot with 50 feet of frontage on Merrick Road and 186 parking spaces. It is positioned near Route 135 in Seaford, with reported daily traffic exceeding 33,000 vehicles. Surrounding businesses include automotive dealerships, financial institutions, grocery and convenience retailers, restaurants, fitness, postal, and service uses.
Built in 1928, the property is located within Business Districts (X) zoning and offers a combination of commercial and residential improvements at one address.
Key Highlights
- 10,230‑square‑foot lot with 50 feet of Merrick Road frontage
- 186 parking spaces next to a municipal parking lot
- Reported traffic of 33,000+ vehicles per day near Route 135
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$204,281
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,085,620
$4.1M
Cap Rate 7%
$2,918,300
$2.9M
Cap Rate 9%
$2,269,789
$2.3M
Market Conditions
NOI Build-Up for 11,880 SF
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.
Gross rent
$332.2K $27.96/SF
− Vacancy
−$59.8K −$5.03/SF
EGI
$272.4K $22.93/SF
− OpEx
−$68.1K −$5.73/SF
NOI
$204.3K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,085,620
Cap Rate 7%
$2,918,300
Cap Rate 9%
$2,269,789
Alternative Uses
Best Use
Specialty Retail
$7.85M
$6.87M – $9.16M
NOI $549,836 @ 7.0% cap · market cap 18.40%
Second Best
Office B
$2.92M
$2.55M – $3.40M
NOI $204,281 @ 7.0% cap · market cap 6.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
33,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
827
Businesses Nearby
Explore this area
Business Placement
Demographics for 11783, NY
21,299
Population
7,320
Households
2.9
Avg Household Size
43
Median Age
46%
College-Educated
96%
High-School Grad
3.5 sq mi
ZIP Area
6,085
Density / Sq Mi
$164,128
Median Household Income
$74,693
Median Earnings
$2,806
Median Rent
$626,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial property combines restaurant, office, residential, and service-oriented features in a well-equipped building.
Where is this mixed-use property located?
The property is located at 3943 Merrick Road Seaford, NY.
What is the asking price?
The asking price for this property is $2,988,000.
What are key features of this property?
This property features: 10,230‑square‑foot lot with 50 feet of Merrick Road frontage; 186 parking spaces next to a municipal parking lot; Reported traffic of 33,000+ vehicles per day near Route 135
