Mixed-Use Retail with
For Sale
$1,249,000
626 Merrick Rd, Lynbrook, NY 11563
Mixed-use building with a storefront below and two upgraded 3-bedroom apartment units above.
Property Size4,266 SF
Days on Market94
Property Features for 626 Merrick Rd
General Information
Standard status
Active
Size
4,266 SF
Total Parking Spaces
4
Property subtype
Commercial
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$34,438
Building Details
Building Size
4,266 SF
Year Built
1925
Units
4
Listing Agency:
Coldwell Banker American Homes
Listed By:
Mary Valitutto-Gaudiosi
(516) 457-3784
Source:
Elliman
Added: Jul 19
Changed: Oct 10
Last Checked: Oct 19 at 7:00AM
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 Coldwell Banker American Homes
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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 / Yr
$84,480
Cap Rate
6.76%
Suggested Prices Based on Cap Rates
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
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 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 6.76%
Second Best
Multifamily LT 5
$1.16M
$1.02M – $1.35M
NOI $81,272 @ 7.0% cap · market cap 6.51%
Theoretical Best
Specialty Retail
$2.82M
$2.47M – $3.29M
NOI $197,441 @ 7.0% cap · market cap 15.81%
Zoning and permitted uses should be independently verified with authorities.
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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 Rd Lynbrook, NY.
What is the asking price?
The asking price for this property is $1,249,000.
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
