2 Retail Buildings in Seaford, NY

3944-3954 MERRICK RD, SEAFORD, NEW YORK 11783

Executive Summary:

Price:	$1,599,000
Building Size:	6,576 SF
Property Type:	Retail
Lot Size:	0.32 Acres
Year Built:	1956
Cap Rate:	6.20%
NOI:	$99,117
Location:	3944-3954 Merrick Rd, Seaford, NY 11783

Investment Highlights

For Sale: 2 Contiguous Retail Buildings in Seaford, NY
Owner-Occupied Tenant Plans to Remain at Sale
Tenants Pay for all Utilities, Roof is in Good Condition
Approximately 10 Parking Spaces Located Behind the Buildings
High Traffic Counts on Merrick Rd: 37,041 Cars Per Day
Tenants at 3950-3954 have Interior Heat and Gas
3 HVAC and AC Systems Located on the Roof for Tenants at 3944-3948 Merrick Rd
Surrounded by Various Other Neighborhood Retail and Amenities

Investment Summary

American Investment Properties is exclusively retained to sell the property located at 3944-3954 Merrick Rd, Seaford, NY. At this location is are two fully-occupied contiguous retail buildings in which the tenants pay for all utilities. This property has approximately 10 parking spaces located behind the buildings. Merrick Rd receives high daily traffic counts of over 37,000 cars per day.

About Seaford, NY

Seaford is a census-designated place in the town of Hempstead, Nassau County, on the South Shore of Long Island, in New York, United States.

Cedar Creek Park, located on the south end of Seaford on Merrick Road, east of Wantagh Avenue, contains playgrounds, dunes and athletic fields, and offers a variety of community-based activities. The Cedar Creek Wastewater Treatment Plant is directly to the south, and is accessed via a gate inside the park.

During several months following Hurricane Sandy (October 2012), Cedar Creek Park was the site of a relief and assistance center, providing services of the American Red Cross and the Federal Emergency Management Agency, and a central location for property insurance companies to advise customers regarding the filing of claims for property damage.

Seaford has a station on the Babylon Branch of the Long Island Rail Road.

Nassau Inter-County Express service in Seaford is provided by the n54 (which serves Jerusalem and Washington Avenues, and the train station) and the n19 (which runs along Merrick Road, south of the station).