Mixed-Use Income
5651-5661 MERRICK RD Massapequa, NY 11758
5651-5661 MERRICK RD, Massapequa, NY, 11758
$1,599,000
For Sale
$1,599,000
Four-unit property includes an auto repair shop, outdoor storage lot, two residential units, and office/retail space.
Property Size6,000 SF
Price / SF$266.50
Days on Market98
Property Features for 5651-5661 MERRICK RD
General Information
- Standard status
- Active
- Size
- 6,000 SF
- Property subtype
- Retail
Listing agency
Above Board Real Estate Inc
(631) 365-7444
Listed by
Rosemarie Bozza · License #10311210390
(631) 365-7444
Source
Xome
Added: Apr 16 Updated: Jul 22 at 12:50PM Checked: Jul 22 at 12:50PM
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 Above Board Real Estate Inc
Investment Insights
Based on property information with market context.
This income-producing property includes four distinct components: an established auto repair shop; a commercial lot with outdoor storage space; a residential home comprising two units with a fully finished basement; and professional office/retail space. The auto repair operation is supported by a brand-new recycled oil heating system and is equipped with two 10-foot overhead doors and four drive-on alignment lifts, along with a New York State inspection license.
The property is situated on Merrick Rd and described as being in a high-traffic area. Rear access provides convenience via a dead-end side street, supporting both customer access and deliveries.
Current and projected monthly income is reported as $900 for the office component, $1,200 for a one-bedroom apartment, $1,300 for a two-bedroom apartment, and $12,000 projected for the auto repair shop.
The property is situated on Merrick Rd and described as being in a high-traffic area. Rear access provides convenience via a dead-end side street, supporting both customer access and deliveries.
Current and projected monthly income is reported as $900 for the office component, $1,200 for a one-bedroom apartment, $1,300 for a two-bedroom apartment, and $12,000 projected for the auto repair shop.
Key Highlights
- Four‑unit income property with an auto repair shop, outdoor storage lot, 2 residential apartments, and office/retail space
- Residential income: 1‑bedroom apartment leased at $1,200/month and 2‑bedroom apartment renting for $1,300/month
- Office/retail space currently generating $900/month in rent
Local Financial Insights For Retail
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 | $180.0k | $30.00 |
| − Vacancy | −$10.3k | −$1.71 |
| EGI | $169.7k | $28.29 |
| − OpEx | −$50.9k | −$8.49 |
| NOI | $118.8k | $19.80 |
6,000 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.98M
NOI $118,818 @ 7.0% cap · market cap 7.43%
Second Best
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,307 @ 7.0% cap · market cap 7.15%
Theoretical Best
Specialty Retail
$3.97M
$3.47M – $4.63M
NOI $277,695 @ 7.0% cap · market cap 17.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Aldo & Sons Foreign ...
Auto Repair Shop
Similar For Sale Nearby
Similar Off Market Nearby
- Coffey Bruce — 206 S Ketcham Ave, Amityville, NY 11701
- MCM Mobile Mechanic Marine Mechanic — 299 S Ketcham Ave, Amityville, NY 11701
- Aldo & Sons Foreign Cars — 5651-5661 Merrick Rd, Massapequa, NY 11758
- Nassau Shores Auto Repair — 5200 Merrick Rd, Massapequa, NY 11758
- Mr. Rim Repair Corp. — 66 Roosevelt Blvd, Massapequa, NY 11758
FAQs
What type of property is this?
Auto shop - Four-unit property includes an auto repair shop, outdoor storage lot, two residential units, and office/retail space.
Where is this auto shop located?
The property is located at 5651-5661 MERRICK RD Massapequa, NY.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Four‑unit income property with an auto repair shop, outdoor storage lot, 2 residential apartments, and office/retail space; Residential income: 1‑bedroom apartment leased at $1,200/month and 2‑bedroom apartment renting for $1,300/month; Office/retail space currently generating $900/month in rent
