Mixed-Use Income Property with Auto
5651-5661 Merrick Road Massapequa, NY 11758
For Sale
$1,399,500
Four-unit mixed-use property includes an auto repair shop with two 10-foot overhead doors.
Days on Market102
Property Features for 5651-5661 Merrick Road
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
Above Board Real Estate Inc
(631) 365-7444
Listed By:
Rosemarie Bozza RENE · License #10311210390
(631) 365-7444
Source:
Cohenandcohenrealty
Added: Apr 20
Changed: Jul 26
Last Checked: Jul 29 at 12:16PM
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 for-sale mixed-use income property is configured with four distinct components: an established auto repair shop, a commercial lot with outdoor storage, a residential home containing two apartment units plus a fully finished basement, and professional office/retail space.
The auto repair shop is equipped with a brand-new recycled oil heating system and features two 10-foot overhead doors along with four drive-on alignment lifts. The business also holds a New York State inspection license. Access is provided from the rear via a dead-end side street, supporting convenient service and delivery operations while the property benefits from visibility along Merrick Road.
The residential portion includes a one-bedroom apartment and a two-bedroom apartment, and the professional office/retail space is currently generating income.
The auto repair shop is equipped with a brand-new recycled oil heating system and features two 10-foot overhead doors along with four drive-on alignment lifts. The business also holds a New York State inspection license. Access is provided from the rear via a dead-end side street, supporting convenient service and delivery operations while the property benefits from visibility along Merrick Road.
The residential portion includes a one-bedroom apartment and a two-bedroom apartment, and the professional office/retail space is currently generating income.
Key Highlights
- Four‑unit mixed‑use property at 5651–5661 Merrick Rd with an auto repair shop plus office/retail, residential, and outdoor storage.
- Residential income: 1‑bedroom leased at $1,200/month and 2‑bedroom leased at $1,300/month.
- Professional office/retail space currently generates $900/month.
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 8.49%
Second Best
Multifamily LT 5
$1.63M
$1.43M – $1.91M
NOI $114,307 @ 7.0% cap · market cap 8.17%
Theoretical Best
Specialty Retail
$3.97M
$3.47M – $4.63M
NOI $277,695 @ 7.0% cap · market cap 19.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
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
Frequently Asked Questions
What type of property is this?
Auto shop - Four-unit mixed-use property includes an auto repair shop with two 10-foot overhead doors.
Where is this auto shop located?
The property is located at 5651-5661 Merrick Road Massapequa, NY.
What is the asking price?
The asking price for this property is $1,399,500.
What are key features of this property?
This property features: Four‑unit mixed‑use property at 5651–5661 Merrick Rd with an auto repair shop plus office/retail, residential, and outdoor storage.; Residential income: 1‑bedroom leased at $1,200/month and 2‑bedroom leased at $1,300/month.; Professional office/retail space currently generates $900/month.
