Map
Listed price in listed location currency (USD).
$690,000

000

MLS® 1031098

  • Key Facts
  • Description
  • Map

Key Facts

Type Retail
Levels Commercial Sale
Size -
Garage 
Taxes $13,542
Days Active 1
Lot Size 2000 SF
Approx. Age 1967
MLS® Number 1031098

Property Address: 24324 Merrick Boulevard, New York, NY, 11422

Average square foot calculated using Size range provided by listing agent.

Description

Prime corner commercial investment property for sale in one of Rosedale’s busiest retail corridors. Located next to McDonald’s, just minutes from Long Island and within walking distance to the Rosedale LIRR Station, this highly visible corner building benefits from strong pedestrian and vehicle traffic, excellent exposure, and a mature commercial environment. The property offers stable cash flow with an estimated 6%+ cap rate. Current rental income is approximately $3, 900/month under a NNN lease. Annual property taxes are approximately $13, 000, paid by the tenant, and the tenant also pays the water bill. The same tenant has occupied the property for approximately 19 years, with about one year remaining on the current lease and expected renewal. Property features include an approximate 19’ x 73’ building size on an approximate 24’ x 93’ lot, Zoning R2A, C1-3, natural gas, central HVAC, and no basement. Tenant currently operates a popular restaurant and bar with liquor license, featuring quality interior improvements, including professional soundproofing and vibration insulation. Owner pays approximately $4, 700/year for insurance. Recent roof waterproofing has been completed, and owner responsibility is mainly limited to roof-related maintenance. An excellent opportunity for investors seeking a prime corner commercial asset with a long-term established tenant, NNN lease structure, stable income, and strong long-term upside. Buyer to verify all information independently.
MLS® Number1031098
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1967
Basement
Driveway
Garage Spaces
HeatSee Remarks
A/CCentral Air

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jul 27, 2026List Date
$690,000List Price
  • Commute

Commute

Starting Address
Destination Address
24324 Merrick Blvd, Rosedale, NY

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