Project Description

For Sale: Office Building in Baldwin, NY

865 Merrick Road, Baldwin, NY 11510

Executive Summary:

Price: $2,300,000
Building Size: 17,861 SF
Property Type: Medical Office
Lot Size: 0.30 Acres
Year Built: 1932
Cap Rate: 4.84%
NOI: $111,239
Location:
865 Merrick Rd
Baldwin, NY 11510

Investment Highlights

  • Ideal For a User or Investor
  • Can Be Delivered With Vacancy or Sale Leaseback
  • High Traffic Counts: 23,800+ Vehicles Per Day
  • Near Sunrise Highway & Baldwin LIRR Station
  • Features Large Municipal Parking Lot

Investment Summary

American Investment Properties is exclusively retained to sell 865 Merrick Rd in Baldwin, New York. At this location you’ll find a medical office building. The current owner occupies space at the location. At the point of sale they will either vacate the building or do a sale-leaseback.

This transaction is ideal for both a user or investor.

This medical office building is in a prime location, right on the busy Merrick Rd. It’s near Sunrise Highway and only a 10 minute walk from the Baldwin LIRR Station. Behind the property is a large municipal parking lot with generous parking spaces.

About Baldwin

Baldwin is a hamlet in Nassau County located in the township of Hempstead, on Long Island New York.

As of 2010 census, there were 24,033 people, 7,637 households, and 6,056 families residing in the area. The median income for a household in the community was $99,872 and the median income for a family was $107,150. Males had a median income of $63,910 and just $52,813 for females.

According to Money Magazine 2007, Baldwin is ranked as the 25th best place to live in the United States.

The hamlet has 50% of it people over 16 years of age who commute to work an average of 32 minuets. About 14.4% of residents in Baldwin take advantage of public transportation trying to avoid dependency on cars.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300 x202
(F) 516.390.5780

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