1844 Lansdowne Ave, Merrick, NY 11566-3821
This exceptional investment opportunity presents three interconnected flex buildings totaling 20,000 square feet, situated on Lansdowne Avenue in Merrick, NY. The property boasts 12,348 square feet of net rentable space, priced at $198 per square foot, and is offered at $3,300,000. Each of the three buildings (6,048 SF, 3,220 SF, and 3,080 SF) features separate ingress/egress and individual gas and electric meters. Building 1834 includes a mezzanine level of 1,944 square feet and a freight elevator. The property benefits from a comprehensive HVAC system, fire sprinklers, and Business zoning. Ample parking is available with 19 on-site spaces supplemented by street parking. Additional features include a kitchen/cafeteria, security cameras and alarm system, Cat 5 networking, updated finishes throughout, and multiple restrooms. The property's annual taxes are $72,856. This is a rare opportunity to acquire a well-maintained, versatile flex space in a desirable location. The property's layout and amenities make it suitable for a variety of businesses. This is a turnkey operation ready for immediate occupancy. Located in Nassau County, NY, with the address 1844 Lansdowne Avenue, Merrick, NY 11566.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.