Property Lookup
Property Lookup
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search
Property profile & analytics

5590 Merrick Rd Massapequa, NY 11758-6217

  • Turn key restaurants
  • 3,544 SF
  • 0.43 lot acres
OFF-MARKET
Last Sale
Mar 26, 2025
$1,400,000
Value Estimations
$1,350,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US63-0271774
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Cardtronics ATM / Atm
  • Brasserie by Chef Aless / Food And Drink

Property Details for 5590 Merrick Rd

Year built
1970
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Lot size
0.43 lot acres
Property size
3,544 SF
Property type
Turn key restaurants
APN
66-102-00-0064
APU
66102000064

Description

This exceptional investment opportunity presents two adjacent, net-leased retail properties totaling 5,727 square feet on Merrick Road in Massapequa, NY. The property boasts a 100% occupancy rate with two tenants: Carvel and Brasserie by Chef Aless, both of which have recently undergone significant renovations. Carvel invested $400,000 four years ago, while Brasserie by Chef Aless recently completed a $900,000 renovation. The property sits on a 0.55-acre lot and benefits from high visibility and accessibility, situated in a dense retail corridor with over 22,800 vehicles passing daily. The current leases are NNN, with no landlord responsibilities, and include annual rent increases of 3%. The remaining lease term is 14 years, providing long-term stability and predictable income. The asking price is $2,954,450, representing a 6.00% cap rate and a NOI of $177,267. Brasserie by Chef Aless receives a $1,000 monthly rent credit until July 31, 2024. Tenants are responsible for their own roof and structure. This property offers a compelling combination of strong tenants, a prime location, and a secure investment structure. The property is located at 5590 Merrick Road, Massapequa, NY 11758, in Nassau County.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,320,000
    ML approach
    $1,090,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $1,709,000
    Market price range: $1.24M - $5.48M

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Massapequa
County
Nassau
State
New York
Longitude
-73.4315
Latitude
40.669
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$37,802
$4,384
$776
$5,160
-
$0.00
$0.00
$516,000
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message