411 Merrick Rd Unit B · Rockville Centre, NY 11570

$340,000

1 bd · 1.0 ba · 1,200 sqft · Condo · 58 Days on market

Built 1958 Good condition $283/sqft · 32% below area Est $498k · 32% under

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +13.2/30.0
• Schools +7.4/10.0
• Livability +4.3/5.0
• DSCR +4.0/10.0
• Condition / age +3.8/5.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 411 Merrick Avenue, a bright and private one-bedroom, one-bath property located in the heart of Rockville Centre. This sun-filled unit has been freshly painted and features brand-new carpeting, vaulted ceilings, and an abundance of skylights that flood the space with natural light. The home also offers ample storage, a beautifully renovated bathroom, and an updated kitchen, making it completely move-in ready. Additional highlights include one assigned parking space ($45/month), on-site laundry, and additional storage within the complex. Just moments from the vibrant Rockville Centre village, shops, restaurants, and the LIRR—enjoy a 36-minute express commute to New York City. Monthly maintenance is $967, which includes heat, cooking gas, taxes, and grounds care. A wonderful opportunity to own a charming, updated home in a prime location.

Key facts

• Updated kitchen
• On-site laundry
• Ample storage

Tags

• ONE ASSIGNED PARKING SPACE
• ON-SITE LAUNDRY
• BEAUTIFULLY RENOVATED BATHROOM
• UPDATED KITCHEN
• AMPLE STORAGE
• ABUNDANCE OF SKYLIGHTS

🏷️ Possibly a rental listed for sale. The $340,000 price doesn't fit this home's estimated sale value (~$498,101) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $340k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-3 ($-40/yr) — negative.
• To cash-flow at today's rent, offer at most $340k (0.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $297k (12.6% below list).
• Recommended offer: $297k (12.6% below list) — sets the bar for 1% rule.
• Cap rate 6.3% vs local median 2.5% in Rockville Centre — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 86/100 on livability (#17 in NY, #365 nationally) — a professional / high-income tenant draw. Strengths: schools A+, amenities A+, commute A+; Watch: cost of living F.
• Rockville Centre Union Free School District (suburban): math 82% / reading 82% proficiency, ranked #37 of 590 in NY (top 6%) — strong family-tenant draw, lease renewals of 3-5y typical; only 9% free/reduced lunch — higher-income household profile.
• Market conditions: 143 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 824 units permitted in Nassau County in 2024 (153 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $10k of value loss. Plan a longer hold.
• Nassau County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($330k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $280k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1958 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 71% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $297,008 (12.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
3. Built in 1958 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 6.28%
• Cash-on-cash: -0.04%
• DSCR: 1.00
• GRM: 9.5

CMA / ARV

• ARV (median comp): $498,101
• List price: $340,000
• Delta: -31.74%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -16.4%
• Equity multiple: 0.42×
• Total profit: $-55,260
• Equity at exit: $50,695

10-year hold

• IRR: -8.1%
• Equity multiple: 0.49×
• Total profit: $-48,208
• Equity at exit: $29,397

Cash invested: $95,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 11570

• Active inventory: 143
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $2,970 high
• Mortgage (P&I): −$1,783
• Tax est. 1.5%: −$425 /mo · $5,100/yr
• Insurance: −$142
• HOA: −$0
• Vacancy / Maint / Mgmt: −$624
• Net cashflow: $-3

Break-even live

Break-even rent $2,974

Max offer price $339,522

Occupancy floor 95%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $85,000
• Closing costs: $10,200
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
22 N Forest Ave Unit 3E Rockville Centre, NY	1.0	1.0	800	$2,500	$3.12	24d	1	0.04mi
55 Grand Ave Apt 2A Rockville Centre, NY	2.0	1.0	875	$3,000	$3.43	4d	1	0.41mi
1 Jefferson Ave Unit K4 Rockville Centre, NY	2.0	1.0	820	$3,000	$3.66	43d	1	0.42mi
45 Grand Ave Rockville Centre, NY	2.0	1.0	800	$3,000	$3.75	24d	1	0.43mi
56 State St Rockville Centre, NY	2.0	1.5	1200	$3,600	$3.00	18d	1	0.55mi
111 S Centre Ave Apt 1SS Rockville Centre, NY	2.0	1.0	950	$3,250	$3.42	4d	1	0.57mi
80 N Centre Ave Rockville Centre, NY	3.0	1.0–3.5	1254	$3,962	$3.16	1d	1	0.65mi
8 Roswell Ave Oceanside, NY	2.0	1.5	741	$3,100	$4.18	24d	1	0.90mi
2701 Magee Pl Unit 2 Oceanside, NY	2.0	1.0	1500	$3,100	$2.07	43d	1	1.04mi
336 Oceanside Pkwy Unit 1 Oceanside, NY	2.0	1.0	850	$2,650	$3.12	12d	1	1.18mi
44 Jefferson Ave Unit Second Floor Lynbrook, NY	2.0	1.0	1452	$2,850	$1.96	43d	1	1.21mi
99 Centre Ave East Rockaway, NY	1.0	1.0	1200	$2,995	$2.50	4d	1	1.26mi
68 Shipherd Ave Apt 2 Lynbrook, NY	2.0	1.0	1200	$2,650	$2.21	24d	1	1.33mi
225 Marina Pointe Dr Unit 225 Oceanside, NY	2.0	2.0	1337	$4,200	$3.14	10d	1	1.45mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Likely covers: gaslandscapingparking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 19 events

1. 2026-06-18
   days on market $340,000 Active 58 DOM
2. 2026-06-17
   days on market $340,000 Active 57 DOM
3. 2026-06-16
   days on market $340,000 Active 56 DOM
4. 2026-06-15
   days on market $340,000 Active 55 DOM
5. 2026-06-13
   days on market $340,000 Active 53 DOM
6. 2026-06-13
   days on market $340,000 Active 52 DOM
7. 2026-06-09
   days on market $340,000 Active 49 DOM
8. 2026-06-08
   days on market $340,000 Active 48 DOM
9. 2026-06-07
   days on market $340,000 Active 47 DOM
10. 2026-06-04
    days on market $340,000 Active 44 DOM
11. 2026-06-03
    days on market $340,000 Active 43 DOM
12. 2026-06-02
    days on market $340,000 Active 42 DOM
13. 2026-06-01
    days on market $340,000 Active 41 DOM
14. 2026-05-31
    days on market $340,000 Active 40 DOM
15. 2026-01-11
    listed $340,000 Active 868-char remark

    Show marketing remark (868 chars)

    Welcome to 411 Merrick Avenue, a bright and private one-bedroom, one-bath property located in the heart of Rockville Centre. This sun-filled unit has been freshly painted and features brand-new carpeting, vaulted ceilings, and an abundance of skylights that flood the space with natural light. The home also offers ample storage, a beautifully renovated bathroom, and an updated kitchen, making it completely move-in ready. Additional highlights include one assigned parking space ($45/month), on-site laundry, and additional storage within the complex. Just moments from the vibrant Rockville Centre village, shops, restaurants, and the LIRR—enjoy a 36-minute express commute to New York City. Monthly maintenance is $967, which includes heat, cooking gas, taxes, and grounds care. A wonderful opportunity to own a charming, updated home in a prime location.

16. 2024-12-10
    soldstatus $280,000 Closed 166-char remark

    Show marketing remark (166 chars)

    Sunny 1 Bed 1 Bath LR/DR Coop. In the Middle of Rockville Centre. Close to all. New Paint and Carpet parking spot $40, Additional information: Interior Features:Lr/Dr

17. 2024-08-13
    status Pending 166-char remark

    Show marketing remark (166 chars)

    Sunny 1 Bed 1 Bath LR/DR Coop. In the Middle of Rockville Centre. Close to all. New Paint and Carpet parking spot $40, Additional information: Interior Features:Lr/Dr

18. 2024-06-01
    price $299,999 166-char remark

    Show marketing remark (166 chars)

    Sunny 1 Bed 1 Bath LR/DR Coop. In the Middle of Rockville Centre. Close to all. New Paint and Carpet parking spot $40, Additional information: Interior Features:Lr/Dr

19. 2024-04-26
    listed $314,999 Active 166-char remark

    Show marketing remark (166 chars)

    Sunny 1 Bed 1 Bath LR/DR Coop. In the Middle of Rockville Centre. Close to all. New Paint and Carpet parking spot $40, Additional information: Interior Features:Lr/Dr

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 71% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $35,641
• − Mortgage interest: −$19,045
• − Property taxes: −$5,100
• − Insurance: −$1,700
• − Repairs & maintenance: −$2,851
• − Management: −$2,851
• − Depreciation: −$9,891
• Taxable loss: −$5,798
• Est. tax savings @ 24.0%: +$1,391
• After-tax cash flow: $1,352/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 13 photos

Good 75/100 Cosmetic rehab

This one-bedroom condo is move-in ready with fresh paint and carpet, and offers ample storage and modern updates. It's located in a prime location with easy access to shops, restaurants, and public transportation.

Value-add opportunities

• Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics
• Both Replacing the carpet with hardwood flooring — Improves durability and adds value
• Both Upgrading the kitchen appliances — Modernizes the space and adds value
• Rental Installing a smart thermostat — Improves energy efficiency and tenant satisfaction

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Replacing the carpet with hardwood flooring — Improves durability and adds value ↑
• Both Upgrading the kitchen appliances — Modernizes the space and adds value ↑
• Rental Installing a smart thermostat — Improves energy efficiency and tenant satisfaction ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Rockville Centre Union Free School District
• NCES district ID: 3624780
• Math proficiency: 82% ▲ 3.00%
• Reading proficiency: 82% ▲ 2.00%
• Median HH income: $102,401
• Composite: 74.33/100
• National rank: #162
• State rank: #37 of 590 in NY

Livability — Rockville Centre

• Score: 86/100
• State rank: #17
• US rank: #365

Category grades

Amenities A+ Commute A+ Cost of living F Crime A Employment A+ Housing B- Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Rockville Centre, NY
• County: Nassau County · 653,051 people
• City population: 28,908
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 28,908
• Household income: $157,163
• Rent vs Own: 24.0% rent · 76.0% own
• Severe rent burden: 732.0

Population outlook (Nassau County) Hauer SSP2

• Today (2025): 1,409,302 people
• By 2030: 1,431,482 · +1.6%
• By 2040: 1,471,607 · +4.4%
• By 2050: 1,502,845 · +6.6%
• By 2075: 1,575,403 · +11.8%
• By 2100: 1,554,356 · +10.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Hispanic / Latino 12% Two or more races 7% Black 5% Asian 5%
• Hispanic origin (detail): Puerto Rican 2% Dominican 4%
• Common ancestry: Romanian 4% Scotch-Irish 4% Subsaharan African 1%
• Foreign-born: 12% · Canada, China, South Korea
• Languages at home: 84% English-only · Spanish 8% Other Indo-European 5% Chinese 1%

Political lean MEDSL · Nassau

• 2024 margin: Toss-up / Even · D 47.9% · R 52.1%
• 2008→2024 swing: -12.6pp toward R · 2008: 8.4pp · 2024: -4.2pp
• All cycles: 2024: R+4.2 2020: D+9.5 2016: D+5.3 2012: D+6.7 2008: D+8.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -731.15%
• Current HPI: 275.9882
• Rent YoY: —
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+7.9% since first listed

5 events — show timeline

• 2026-01-11 Listed $340,000 OneKey® MLS as Distributed by MLS Grid
• 2024-12-10 Sold (MLS) $280,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-13 Pending — OneKey® MLS as Distributed by MLS Grid
• 2024-06-01 Price Changed $299,999 OneKey® MLS as Distributed by MLS Grid
• 2024-04-26 Listed $314,999 OneKey® MLS as Distributed by MLS Grid