Top Banner
KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment Real Estate Certified 0 516.795.6900 C 516.978.8023 [email protected] NY #10301206101 800 W. Merrick Road A PROPOSAL FOR COMMERCIAL SERVICES PRESENTED BY: VALLEY STREAM, NY A PROPOSAL FOR COMMERCIAL SERVICES
11

A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

Jun 04, 2020

Download

Documents

dariahiddleston
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

KW COMMERCIAL

5100 Sunrise Highway

Massapequa Park, NY 11762RICK D. CARELLO, CIRECAssociate Broker - Commercial And Investment Real Estate Certified0 516.795.6900C [email protected] #10301206101

800 W. Merrick Road

A PROPOSAL FOR COMMERCIAL SERVICES

PRESENTED BY:

VALLEY STREAM, NY

A PROPOSAL FOR COMMERCIAL SERVICES

Page 2: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 2

KW COMMERCIAL

5100 Sunrise Highway

Massapequa Park, NY 11762

Confidentiality & Disclaimer

RICK D. CARELLO, CIRECAssociate Broker - Commercial And Investment Real Estate Certified0 516.795.6900C [email protected] #10301206101

All materials and information received or derived from KW Commercial its directors, officers, agents, advisors, affiliates and/or any third party sourcesare provided without representation or warranty as to completeness , veracity, or accuracy, condition of the property, compliance or lack of compliancewith applicable governmental requirements, developability or suitability, financial performance of the property, projected financial performance of theproperty for any party’s intended use or any and all other matters.

Neither KW Commercial its directors, officers, agents, advisors, or affiliates makes any representation or warranty, express or implied, as to accuracy orcompleteness of the materials or information provided, derived, or received. Materials and information from any source, whether written or verbal, thatmay be furnished for review are not a substitute for a party’s active conduct of its own due diligence to determine these and other matters ofsignificance to such party. KW Commercial will not investigate or verify any such matters or conduct due diligence for a party unless otherwise agreed inwriting.

EACH PARTY SHALL CONDUCT ITS OWN INDEPENDENT INVESTIGATION AND DUE DILIGENCE.

Any party contemplating or under contract or in escrow for a transaction is urged to verify all information and to conduct their own inspections andinvestigations including through appropriate third party independent professionals selected by such party. All financial data should be verified by theparty including by obtaining and reading applicable documents and reports and consulting appropriate independent professionals. KW Commercialmakes no warranties and/or representations regarding the veracity, completeness, or relevance of any financial data or assumptions. KW Commercialdoes not serve as a financial advisor to any party regarding any proposed transaction.

All data and assumptions regarding financial performance, including that used for financial modeling purposes, may differ from actual data orperformance. Any estimates of market rents and/or projected rents that may be provided to a party do not necessarily mean that rents can beestablished at or increased to that level. Parties must evaluate any applicable contractual and governmental limitations as well as marketconditions,vacancy factors and other issues in order to determine rents from or for the property. Legal questions should be discussed by the party withan attorney. Tax questions should be discussed by the party with a certified public accountant or tax attorney. Title questions should be discussed by theparty with a title officer or attorney. Questions regarding the condition of the property and whether the property complies with applicable governmentalrequirements should be discussed by the party with appropriate engineers, architects, contractors, other consultants and governmental agencies. Allproperties and services are marketed by Massapequa in compliance with all applicable fair housing and equal opportunity laws.

We obtained the information above from sources we believe to be reliable. However, we have not verified its accuracy and make no guarantee, warranty or representation about it. Itis submitted subject to the possibility of errors, omissions, change of price, rental or other conditions, prior sale, lease or financing, or withdrawal without notice. We includeprojections, opinions, assumptions or estimates for example only, and they may not represent current or future performance of the property. You and your tax and legal advisorsshould conduct your own investigation of the property and transaction.

A PROPOSAL FOR COMMERCIAL SERVICES

PRESENTED BY:

VALLEY STREAM, NY

Page 3: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 3

OFFERING SUMMARY

SALE PRICE: $1,200,000

LOT SIZE: 0.18 Acres

YEAR BUILT: 1952

BUILDING SIZE: 4,336 SF

RENOVATED: 2013

ZONING: Commercial

MARKET: Long Island

PRICE / SF: $276.75

PROPERTY OVERVIEWFOR SALE OR A LONG TERM LEASE MAY BE AVAILABLE FOR THE RIGHTTENANT. Prime Merrick Road free standing building ready for owner/user orinvestor with un-limited business or retail possibilities! Near JFK Airport.Completely renovated in 2014. Approximately 4,300 sq. ft. +/- interior spacedivided between retail/office in front and attached warehouse in rear. Ample offstreet parking behind building. Tax grievance filed. Taxes currently $10.18 per sq.ft. Owner will consider financing. Delivered vacant or seller may offer lease back ofwarehouse. Long term lease may be available for the right tenant. Lease rate andterms to be negotiated. Buyer/agent must verify information. Call or text Rick516.978.8023.

PROPERTY HIGHLIGHTS• Approximately 4,300 sq. ft. +/- interior space divided between retail/office in front and

attached warehouse in rear. Owner user or investment.

• Near JFK Airport.

• Renovated in 2014.

• Warehouse annex would be great for inventory, storage or income producing.

• Retail/office could also be income producing.

• High traffic commercial Merrick Road.

• Seller financing and lease back of warehouse possible.

• Long term lease may be available for the right tenant. Lease rate and terms to benegotiated.

Executive Summary

800 W. MERRICK ROAD |

Page 4: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 4

PROPERTY OVERVIEW

FOR SALE OR A LONG TERM LEASE MAY BE AVAILABLE FORTHE RIGHT TENANT. Prime Merrick Road free standing buildingready for owner/user or investor with un-limited business or retailpossibilities! Near JFK Airport. Completely renovated in 2014.Approximately 4,300 sq. ft. +/- interior space divided betweenretail/office in front and attached warehouse in rear. Ample offstreet parking behind building. Tax grievance filed. Taxes currently$10.18 per sq. ft. Owner will consider financing. Delivered vacantor seller may offer lease back of warehouse. Long term lease maybe available for the right tenant. Lease rate and terms to benegotiated. Buyer/agent must verify information. Call or text Rick516.978.8023.

LOCATION OVERVIEW

800 W. Merrick Road, Valley Stream, NY 11580; Section 37 Block407 Lot's 222,223,224,225,236.

Property Description

800 W. MERRICK ROAD |

Page 5: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 5

SALE PRICE $1,200,000

LOCATION INFORMATION

Building Name 800 W. Merrick Road

Street Address 800 W. Merrick Road

City, State, Zip Valley Stream, NY 11580

County/Township Nassau

Market Long Island

Cross Streets Building located between Ivanhoe and

Carroll.

BUILDING INFORMATION

Building Size 4,336 SF

Price / SF $276.75

Year Built 1952

Last Renovated 2013

Tenancy Single

Number Of Floors 1

Load Factor Yes

Condition Excellent

Free Standing Yes

PROPERTY DETAILS

Property Type Retail

Property Subtype Free Standing Building

Zoning Commercial

Lot Size 7,832 SF

APN# 37-407-222,223,224,225,236.

PARKING & TRANSPORTATION

Parking Type Surface

Number Of Spaces 10

Parking Description Ample off street parking behind

building.

UTILITIES & AMENITIES

Central HVAC Yes

Restrooms 2

Exterior Description Up-dated 2014.

Interior Description Up-dated 2014.

Loading Description One grade level overhead door.

Property Details

800 W. MERRICK ROAD |

Page 6: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 6

SALE HIGHLIGHTS

• Approximately 4,300 sq. ft. +/- interior space divided between

retail/office in front and attached warehouse in rear.

• Near JFK Airport.

• Renovated in 2014.

• Warehouse annex would be great for inventory, storage or

income producing.

• Retail/office could also be income producing.

• High traffic commercial Merrick Road.

• Seller may offer lease back of warehouse.

• Long term lease may be available for the right tenant. Lease

rate and terms to be negotiated.

Complete Highlights

800 W. MERRICK ROAD |

Page 7: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 7

Additional Photos

800 W. MERRICK ROAD |

Page 8: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 8

800 W. Merrick Road

Regional Map

800 W. MERRICK ROAD |

Page 9: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 9

Location Maps

800 W. MERRICK ROAD |

Page 10: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 10

800 W. Merrick Road

Aerial Map

800 W. MERRICK ROAD |

Page 11: A PROPOSAL FOR COMMERCIAL SERVICES 800 W. Merrick Road · KW COMMERCIAL 5100 Sunrise Highway Massapequa Park, NY 11762 RICK D. CARELLO, CIREC Associate Broker - Commercial And Investment

kwcommercial.com/commercial/McCommercial.action?orgId=6266 11

5100 Sunrise HighwayMassapequa Park, NY 11762T 516.795.6900

C 516.978.8023

[email protected]

NY #10301206101

PROFESSIONAL BACKGROUND

Associate Real Estate Broker KW Commercial. Over 15 Years of Commercial RealEstate Experience. Exclusive Commercial Broker & Consultant.Commercial and Investment Real Estate Certified (CIREC) by Long Island Board ofRealtors.Over 25 years of Previous Senior Level Business Experience with a Major FinancialServices Firm.Bachelor of Science (B.S.) Degree Environmental Science SUNY Brockport.New York Real Estate Institute Commercial Broker Licensing.Professional Certificate in Construction Project Management NYU Schack Instituteof Real Estate.Commercial Member National Association of Realtors.LoopNet Premium Member Commercial Property Marketing.CoStar Suite Professional Member Commercial Property Research and Analytics.Member Commercial Network Long Island Board of Realtors.New York State License Number: 1030120610License Expiry Date: 05/17/2019Call or Text Rick 516.978.8023. E-Mail Contact: [email protected]

RICK D. CARELLO, CIRECAssociate Broker - Commercial And Investment Real Estate Certified

Advisor Bio & Contact 1

800 W. MERRICK ROAD |