1. New York
  2. North Baldwin
  3. 1870-1872 Grand Avenue
$750,000

1870-1872 Grand Avenue, North Baldwin, NY 11510

  • 4,320 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1954
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $174/sqft
  • Property List Date Icon Listed 4 days ago

Property Description

Calling All Investors, Developers & End-Users!!! 6.65% Cap 4,300+ Sqft. 2 Unit Retail Building With Private Parking Lot On Grand Avenue For Sale!!! The Property Is Located In The Heart Of Baldwin Just A Few Blocks From Sunrise Hwy. & The Baldwin LIRR Station!!! The Property Features Excellent Signage, Great Exposure, Multiple Use (482.24) Zoning, 86 Parking Spaces, High 14’ Ceilings, Full Basement, Private Driveway & Parking, Sprinklers, Strategically Placed Curb Cut, All New LED Lighting, CAC+++!!! The Building Has 30’ Of Frontage On Busy Grand Avenue!!! Neighbors Include Starbucks, BMW, Mercedes-Benz, Capital One Bank, FourLeaf Federal Credit Union, The Home Depot, Best Buy, Petco, CVS, Walgreens, Dunkin’, Wendy’s, Jiffy Lube, Dollar Tree, +++!!! The Entire Building Can Be Delivered Vacant If Need Be!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: Martial Arts Studio (4,320 Sqft.): $73,740 Ann.; Lease Exp.: 8/31/25. Total Gross Income: $73,740 Ann. Expenses: Gas: $0 Ann. Electric: $0 Ann. Water: $0 Ann. Maintenance & Repairs: $250 Ann. Insurance: $3,620 Ann. Taxes: $19,984.58 Ann. Total Expenses: $23,854.58 Ann. Pro Forma Net Operating Income (NOI): $49,885.42 Ann. (6.65% Cap!!!)

Listing Status:
Active
Listing Office:
All Island Estates Realty Corp : 516-783-5600
MLS ID:
889560
  • Basement: Common
  • A/C: Central Air
  • Heating: Natural Gas

This listing courtesy of All Island Estates Realty Corp

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Brookside Elementary School

940 Stanton Ave, North Baldwin, NY, 11510

Grades KG-5

0.35 miles away

B

Baldwin Middle School

3211 Schreiber Pl, Baldwin, NY, 11510

Grades 6-8

2.37 miles away

B

Baldwin Senior High School

841 Ethel T Kloberg Dr, North Baldwin, NY, 11510

Grades 9-12

0.22 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.