Project Description

For Sale: Mixed-Use Building in Valley Stream, NY

867 W Merrick Rd, Valley Stream, NY 11580

Executive Summary:

Price: $3,175,000
Building Size: 9,345 SF
Property Type: Retail & Apartment
Lot Size: 0.14
Year Built: 1910
Cap Rate: 5.66%
NOI: $179,784
Location:
867 Merrrick Rd
Valley Stream, NY 11580

Investment Highlights

  • 2 Story Retail & Apartment Building with Multiple Tenants
  • Recently Renovated 4 Bedroom Apartment Space
  • Strong Traffic Counts of 40,000 VPD
  • Tenants Pay For All Utilities
  • Close Proximity to Highways, Train Station & Buses
  • Close to Neighborhood Retail Including McDonald’s
  • Corner Property on a Signalized Intersection – Great Visibility

Investment Summary

American Investment Properties is exclusively retained to sell 867 Merrick Rd in Valley Stream, New York. At this location is a mixed-use building which consists of 2 retail units, and 1 4-bedroom apartment above. The apartments were recently renovated and is a beautiful residence.

The property sits in a prime location on the corner of a busy signalized intersection. Additionally, it’s conveniently in close proximity to Highways, Rosedale Train Station, and Bus Lines.

About Valley Stream, NY

Valley Stream is a village located in Nassau County, Long Island, New York. It is in the southwest part of the Town of Hempstead along the border with Queens. The communities bordering the village are Elmont, Lynbrook, Rockville Centre, Malverne, Franklin Square, Garden City, Rosedale, Hewlett, and Woodmere.

Valley Stream is sub-divided into two parts namely North Valley Stream and South Valley Stream. There are also different sections of Valley Stream such as Parkwold Estates, Valley Stream Woods, Gibson, and Valley Greens. It is served by the Long Island Rail Road at the Valley Station which located at Sunrise Highway and Franklin Avenue.

School districts consist of Valley Stream 30, Valley Stream 13, Valley Stream 24, Hewlett–Woodmere, Elmont, and Lawrence. When it comes to attractions, the village has something to be proud of having the world’s famous Valley Stream Park which was originally part of the Brooklyn water supply system. The park offers a playground and playing fields, picnic tables, a nature trail, and so much more a perfect place to spend together with your families.

Contact Broker

Dawn Assael Gingold
Sales Associate

Dawn@aiprops.com
(O) 516.393.2300
(C) 917.696.3630

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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