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Property profile & analytics
OFF-MARKET
Banks

2012 Sunrise Hwy Merrick, NY 11566-3825

9,000 SF 0.23 ac lot Built 1965
Entity Owned ~ Est. High Equity
Property ID
US63-6120948
Property summary
AI-generated overview

This exceptional investment opportunity comprises three Class A medical office buildings in prime Nassau County, NY locations: Merrick, Lynbrook, and Levittown. Each building is strategically situated on major thoroughfares with high traffic counts and surrounded by national retailers, ensuring excellent visibility and accessibility. The properties boast a combined square footage ranging from 6,970 to 12,315 square feet, situated on lots ranging from 0.46 to 1.2 acres. All three buildings are currently under a triple net (NNN) lease with RadNet, a leading provider of medical imaging and radiology services, with nine years remaining on a ten-year lease term, expiring January 30, 2031. The lease includes two five-year renewal options and a 3% annual rent increase. Annual rent totals $1,993,000, providing a stable and predictable income stream. The properties benefit from strong demographics, with a wealthy population and increasing demand for medical imaging services. This portfolio offers a rare opportunity to acquire a diversified, high-yield investment in a thriving Long Island market. The permitted zoning for all properties is Medical. Buildings were constructed in 2013.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1965
Total area 9,000 SF
Lot 0.23 ac (9,950 SF)
APN 55-130-00-0101
UPID US63-6120948
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Lenox Hill Radiology | Merrick Physician Medical Clinic
  • Zwanger-Pesiri Radiology Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Sunrise Highway Merrick LLC
Sunrise Highway Merrick LLC
since 2025
7 recorded transactions
2025
$6.8M
2025
Price N/A
2025
$8.0M
2022
Price N/A
2020
Price N/A
2017
Price N/A
2016
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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