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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Investment properties
356 Merrick Rd Valley Stream, NY 11580-5344
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-0237578
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,799 SF
Lot
0.14 ac (6,132 SF)
APN
37-346-00-0209
UPID
US63-0237578
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
356 W Merrick Corp · 1 yrs held
356 W Merrick Corp
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Valley Stream submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Valley Stream submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$318 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,091
Tax year 2023
Assessed value
$2,948
Assessed 2023
Previous assessed
$2,948
+0.0% YoY
Effective rate
783.28%
On assessed value
Assessed land
$1,932
Assessed improvement
$1,016
Total market value
$294,800
Applied tax rate
450.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
2,799 SF
Lot
0.14 ac (6,132 SF)
APN
37-346-00-0209
UPID
US63-0237578
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1952
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
356 W Merrick Corp
Entity
Mailing address
8902 80TH ST, JAMAICA, NY 11421-2414
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 5, 2025
—
356 W Merrick Corp
356 W Merrick Property LLC
Deed
related
$275,000 · Ram 2020 Asset Trust
Aug 22, 2019
$450,000
356 W Merrick Prop LLC
Valley Merrick LLC
Grant Deed
$250,000 · Woodmont Horn LLC
May 19, 2016
—
Valley Merrick LLC
Spyros Avdoulos
Bargain And Sale Deed
$1,274,000 · Gold Coast Bk
Feb 14, 2012
$375,000
Spyros Avdoulos
Smith,hildigardis
Grant Deed
—
Apr 7, 2000
$370,000
Hildigardis Smith
Galante,carlo & Anne T
Grant Deed
$176,250 · Astoria Federal S&l Assn
—
—
Hildigardis Smith
—
Deed Of Trust
related
$250,000 · Greenpoint Mortgage Funding
—
—
Spyros Avdoulous
—
Deed Of Trust
related
$300,000 · Gotham Bank Of New York
—
—
Hildigardis Smith
—
Deed Of Trust
related
$150,000 · Columbia Capital Co
—
—
Hildigardis Smith
—
Deed Of Trust
related
$225,000 · Columbia Capital Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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