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Hempstead (Merrick), NY, 11566 | $3,299,000

Newly renovated, freestanding commercial building in a very prime location of Merrick, NY. This building features 6 large units. Price includes doctors practice which is a Family Doctor with a strong Abita, Buyer will need to purchase the building with the doctors practice. Inside the units have LED lighting, updated flooring, each unit with their private separate entrance. One unit is leased to a Dentist (tenant). The second unit is leased to a Therapist (tenant) . The third unit is leased to a foot spa (tenant). The forth unit is currently vacant Two units are leased to an Internal Medicine and a Cardiologist doctors for their medical practices and mini OR (business included in the sale). Unfinished basement available for storage and utilities machines. Private parking available for 28 spaces. The parking area has been updated with new blacktop. Excellent location: On a very busy main road street, close to North Merrick town, schools, restaurants, shopping, Starbucks, and more.

Features

  • Town: Hempstead
  • Property Type: Retail
  • Construction: Brick
  • Utilities: See Remarks
  • Parking: 28-car
  • Heating: Oil
  • Cooling: Central Air
  • Units: 5
  • Acreage: 0.4
  • Est. Taxes: $66,000
  • MLS#: 804544
  • Days on Market: 5 days
  • Website: https://www.raveis.com
    /prop/804544/_hempstead_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Marina KokisSales Associate

860.964.0934

Marina.Kokis@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Dave BeckmanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 10930

203.641.8287

Dave.Beckman@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Rosemarie DePasqualeInsurance Sales Director, William Raveis Insurance

203.561.0013

Rosemarie.DePasquale@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Hempstead (Merrick), NY, 11566

$3,299,000

Marina Kokis

Sales Associate

William Raveis Real Estate

Phone: 860.964.0934

Marina.Kokis@raveis.com

Dave Beckman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.641.8287

Dave.Beckman@raveis.com

NMLS Mortgage Loan Originator ID 10930

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
 15 Year
Fixed-Rate Jumbo
Loan Amount $2,639,200 $2,639,200 $2,639,200
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.663% 6.637% 6.309%
Monthly Tax Payment $5,500 $5,500 $5,500
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $15,193 $16,682 $22,450
Total Monthly Payment $20,818 $22,307 $28,075

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.

Equal Housing Lender

William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535