360 Merrick RdLynbrook, NY 11563

Property Details for 360 Merrick Rd

Year built

1971

Construction

CONCRETE

Lot size

1.71 AC

Property size (Sq ft)

7,007 SF

Property type

Banks

APN

37-314-00-0527

APU

37314000527

Description

This Class A, three-story office building at 360 Merrick Road, Lynbrook, NY 11563, offers 35,725 square feet of premium executive office space. Currently undergoing a multi-million dollar renovation, the property boasts upgraded MEP systems, new common area hallways, restrooms, and elevators. Individual suites range from 1,004 to 11,016 contiguous square feet, with a total of 29,860 square feet currently vacant. The building features ample power, two elevators, and 120 on-site parking spaces, supplemented by street and municipal parking. Situated on 1.71 acres of land with a 0.43 FAR, this 1973-built building underwent a complete renovation in 2023. Located in the Lynbrook submarket of Southern Nassau County, near Columbus Drive, this property presents a unique opportunity for businesses seeking modern, efficient, and conveniently located office space. The building consists of four total suites.

• CAP approach

  CAP return

  Valuation

  6%

  $1,702,946

  6.5%

  $1,571,950

  7%

  $1,459,668

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,307,147

  Geo Method

  $2,307,147

• Alternative Use

  Use

  Valuation

  Residential

  $1,325,998

  Hospitality

  $1,214,608

  Educational

  $1,010,539

  Medical

  $1,045,293

  Retail

  $1,571,950

Location Insight

City

Lynbrook

County

Nassau

State

New York

Latitude

40.6572

Longitude

-73.6736

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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