NYC MSA, Value-Add Self-Storage Opportunity – East Meadow, NY
1640 Hempstead Tpke, East Meadow, NY 11554

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Price
Market Bid
NRSF
88,240
East Meadow, NY
Value-Add

The Cushman & Wakefield Self Storage Advisory Group has been retained as exclusive advisors to offer for sale Life Storage East Meadow.

This offering presents a rare opportunity to acquire a Class-A, mid lease-up self-storage facility in East Meadow, a densely populated Long Island suburb of New York City. The five-story facility comprises 88,240 rentable square feet across 1,393 total units, including 376 locker units, 77 first-floor climate-controlled units, and 940 elevator-accessible climate-controlled units. The property is controlled under a ground lease with more than 95 years remaining. As of May 2025, the facility offers significant upside through lease-up and rental rate growth.

The site is located in a high-visibility, high-traffic corridor with excellent access to major roadways and an affluent residential base. Converted to storage in 2022, the facility is in early lease-up, presenting new ownership the opportunity to drive NOI by stabilizing occupancy and implementing market rate increases. The facility benefits from direct frontage on Hempstead Turnpike and visibility from Merrick Avenue, with a combined average daily traffic count of 62,582.

The surrounding area includes Eisenhower Park—a 930-acre regional destination with recreational amenities and three public golf courses—and neighborhoods of predominantly single-family homes. The densely populated 3-mile trade area includes 213,981 residents with a median household income of over $122,000.

East Meadow offers strong fundamentals supported by a commuter base into New York City and relative affordability compared to neighboring boroughs, supporting sustained long-term storage demand.

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