Retail Building in Baldwin, NY


Executive Summary:

Price: $895,000
Building Size: 5,474 SF
Property Type: Retail
Lot Size: 0.11 Acres
Year Built: 1955
Projected Cap Rate: 6.86%
Projected NOI: $61,388
751-753 Merrick Rd, Baldwin, NY 11510

Investment Highlights

  • 50% Occupied Retail Building in Baldwin, NY
  • Tenant at 751 Merrick Rd is Vacating at the End of November 2023 – Great Lease-Up Opportunity
  • Bakery Tenant has a 15 Year Lease
  • Separate Water, Electric, and Gas Meters
  • High Traffic Counts on Merrick Rd: 23,149 Cars Per Day
  • Close Proximity to Sunrise Hwy and the Baldwin LIRR Train Station

Investment Summary

American Investment Properties is retained to sell the property located at 751-753 Merrick Rd, Baldwin. At this location is a 50% occupied retail building. The bakery tenant has a 15-year lease and the vacant unit provides for a great lease-up opportunity. There are separate water, electric, and gas meters. This property is located in close proximity to Sunrise Hwy and the Baldwin LIRR train station.

About Baldwin, NY

Baldwin is a hamlet in Nassau County located in the township of Hempstead, on Long Island New York. Baldwin Harbor Park is a popular park in the area offering athletic fields, a playground, bike paths, a roller rink, and skate park. It provides enjoyment to children who play in its safe environment.

The Baldwin Union Free School District has a total of 7 elementary schools, just 1 middle and a high school. The elementary schools contain grades K-5. The middle school contains grades 6-8, but the sixth graders spend most of their time in a separate wing except for music, gym, lunch, arts, computers, technology, and language.

Contact Broker

Portrait photo of Dawn Assael Gingold, Investment Sales Associate

Dawn Assael Gingold
Sales Associate

[email protected]
(O) 516.393.2300
(C) 917.696.3630

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
[email protected]
(O) 516.393.2300
(F) 516.390.5780

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