Brick Bank Building with
For Sale
Contact for pricing
4050 Merrick Rd, Seaford, NY 11783
Canopy access, drive-through functionality, and landscaped parking support the existing banking layout.
Property Size3,491 SF
Lot Size0.42 Acres
Price / SF$569.46
Days on Market104
Property Features for 4050 Merrick Rd
General Information
Standard status
Active
Size
3,491 SF
Total Parking Spaces
18
Lot size
0.42 Acres
Property subtype
RETAIL
Site & Location
Drive-Thru
Yes
Traffic Count
30,000 vehicles/day
Amenities
canopy
landscaped parking lot
Building Details
Buildings
1
Construction
brick
Listing Agency:
United Realty
(516) 320-7704
Listed By:
Steven Epstein · License #40EP0881630
(516) 320-7704
Source:
Moodyscre
Added: May 19
Changed: Aug 30
Last Checked: Aug 30 at 8:58AM
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 United Realty
Investment Insights
Based on property information with market context.
Located at 4050 Merrick Rd in Seaford, NY, this 3,491-square-foot brick bank building occupies an approximately 18,191-square-foot lot. The property includes a canopy, drive-through access, and an 18-car landscaped parking area. It has operated as a banking institution for 50 years.
The site records a traffic count of 30,000 cars per day. Stop & Shop Grocery and Dunkin Donuts are among the area tenants. The building’s established banking configuration, drive-through component, and on-site parking provide a defined commercial setup for an owner-user or continued bank operation.
The site records a traffic count of 30,000 cars per day. Stop & Shop Grocery and Dunkin Donuts are among the area tenants. The building’s established banking configuration, drive-through component, and on-site parking provide a defined commercial setup for an owner-user or continued bank operation.
Key Highlights
- 3,491 SF brick bank building on an 18,191 SF +/- lot
- Canopy and drive‑through access included
- 18‑car landscaped parking lot
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
$161,572
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
8.13%
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%
$3,231,440
$3.2M
Cap Rate 7%
$2,308,171
$2.3M
Cap Rate 9%
$1,795,244
$1.8M
Market Conditions
NOI Build-Up for 3,491 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
$230.4K $66.00/SF
− Vacancy
−$15.0K −$4.29/SF
EGI
$215.4K $61.71/SF
− OpEx
−$53.9K −$15.43/SF
NOI
$161.6K $46.28/SF
Area
Nassau County, NY
Vacancy
6.50%
Lease Rate
$66.00 /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%
$3,231,440
Cap Rate 7%
$2,308,171
Cap Rate 9%
$1,795,244
Alternative Uses
Best Use
Specialty Retail
$2.31M
$2.02M – $2.69M
NOI $161,572 @ 7.0% cap · market cap 8.13%
Second Best
Retail
$987.6K
$864.2K – $1.15M
NOI $69,132 @ 7.0% cap · market cap 3.48%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
83k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 53%
Groceries 41%
Dining 3%
Beauty & Spa 3%
Stop & Shop
Groceries
33,647 visits/mo
0.1 miles
Shell
Shops & Services
16,915 visits/mo
0.1 miles
Bethpage Federal Credit Union
Shops & Services
7,052 visits/mo
0.1 miles
TD Bank
Shops & Services
5,837 visits/mo
0.1 miles
Speedway
Shops & Services
5,659 visits/mo
0.2 miles
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Canopy access, drive-through functionality, and landscaped parking support the existing banking layout.
Where is this bank located?
The property is located at 4050 Merrick Rd Seaford, NY.
What is the asking price?
The asking price for this property is $1,988,000.
What are key features of this property?
This property features: 3,491 SF brick bank building on an 18,191 SF +/- lot; Canopy and drive‑through access included; 18‑car landscaped parking lot
