Mixed-Use Retail with
For Sale
$1,549,000
Pending
626 Merrick Road, Lynbrook, NY 11563
Mixed-use building with a storefront below and two upgraded 3-bedroom apartment units above.
Property Size4,266 SF
Days on Market61
Property Features for 626 Merrick Road
General Information
Standard status
Pending
Size
4,266 SF
Total Parking Spaces
4
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$26,512
Amenities
Multi Units, Wall/Window Unit(s)
Baseboard
Full, Storage Space, Unfinished
Driveway
Building Details
Building Size
4,266 SF
Year Built
1925
Buildings
1
Stories
2
Listing Agency:
Verdeschi Realty
Listed By:
Mary Valitutto-Gaudiosi
(516) 457-3784
Source:
Evrealestate
Added: Jul 7
Changed: Aug 28
Last Checked: Sep 4 at 2:05AM
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 Verdeschi Realty
Investment Insights
Based on property information with market context.
This mixed-use building features a storefront on the main level with two residential units above. The main-floor apartment includes 3 bedrooms and 2 bathrooms with a living room, dining room, and a kitchen with upgraded appliances. The upper apartment also offers 3 bedrooms and 2 bathrooms, with a living room and a kitchen/dinette, and both units include upgraded appliances.
A full unfinished basement provides storage space, with OSE noted for access. The property also includes driveway parking for 4 cars. The offering is described as being near shopping, restaurants, coffee shops, Lynbrook Village Hall, schools, public transportation, and the LIRR.
A full unfinished basement provides storage space, with OSE noted for access. The property also includes driveway parking for 4 cars. The offering is described as being near shopping, restaurants, coffee shops, Lynbrook Village Hall, schools, public transportation, and the LIRR.
Key Highlights
- Mixed‑use building with a storefront on the main level and two residential apartment units above
- Main‑floor apartment: 3 bedrooms, 2 bathrooms, living room, dining room, and kitchen with upgraded appliances
- Upper apartment: 3 bedrooms, 2 bathrooms, living room, and kitchen/dinette with upgraded appliances
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
$84,480
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
5.45%
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%
$1,689,600
$1.7M
Cap Rate 7%
$1,206,857
$1.2M
Cap Rate 9%
$938,667
$938.7K
Market Conditions
NOI Build-Up for 4,266 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
$128.0K $30.00/SF
− Vacancy
−$7.3K −$1.71/SF
EGI
$120.7K $28.29/SF
− OpEx
−$36.2K −$8.49/SF
NOI
$84.5K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,689,600
Cap Rate 7%
$1,206,857
Cap Rate 9%
$938,667
Alternative Uses
Best Use
Retail
$1.21M
$1.06M – $1.41M
NOI $84,480 @ 7.0% cap · market cap 5.45%
Second Best
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,272 @ 7.0% cap · market cap 5.25%
Theoretical Best
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,441 @ 7.0% cap · market cap 12.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
2,016
Businesses Nearby
Explore this area
Business Placement
Demographics for 11563, NY
23,349
Population
8,088
Households
2.9
Avg Household Size
43
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
10,152
Density / Sq Mi
$138,006
Median Household Income
$65,565
Median Earnings
$2,173
Median Rent
$595,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Mixed-use building with a storefront below and two upgraded 3-bedroom apartment units above.
Where is this duplex located?
The property is located at 626 Merrick Road Lynbrook, NY.
What is the asking price?
The asking price for this property is $1,549,000.
What are key features of this property?
This property features: Mixed‑use building with a storefront on the main level and two residential apartment units above; Main‑floor apartment: 3 bedrooms, 2 bathrooms, living room, dining room, and kitchen with upgraded appliances; Upper apartment: 3 bedrooms, 2 bathrooms, living room, and kitchen/dinette with upgraded appliances
