865 Merrick AveWestbury, NY 11590

Property Details for 865 Merrick Ave

Year built

1966

Property size (Sq ft)

15,015 SF

Property type

Office buildings

APN

44-078-00-0022-U-CA0270-00002

APU

44078000022UCA027000002

Description

This exceptional five-story office building, located at 865 Merrick Avenue in Westbury, NY 11590, offers a variety of flexible office spaces. Built in 1971 and extensively renovated in 2006, the property boasts a total of 115,000 square feet, with a single building. Multiple tenancy options are available, ranging from a minimum of 1,542 square feet to a maximum contiguous space of 22,500 square feet. Currently, there are 44,600 square feet of vacant space ready for immediate occupancy. The building is well-suited for a variety of businesses, including medical practices, with medical suites available for sale. The property features prominent building signage opportunities, providing excellent visibility for tenants. Interested parties should inquire about available spaces and pricing. This is a fantastic opportunity to secure prime office space in a highly desirable Westbury location. The building's convenient location and modern amenities make it an ideal choice for businesses seeking a productive and comfortable work environment. Contact us today to learn more about leasing options and explore the possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $2,482,428

  6.5%

  $2,291,472

  7%

  $2,127,796

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,961,860

  Geo Method

  $1,961,860

• Alternative Use

  Use

  Valuation

  Residential

  $2,841,425

  Hospitality

  $2,602,730

  Educational

  $2,165,441

  Medical

  $2,239,914

  Retail

  $3,368,464

Location Insight

City

Westbury

County

Nassau

State

New York

Latitude

40.7452

Longitude

-73.5882

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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