Listed by American Investment Properties
$2,450,000
Baldwin Retail Strip
Details
APN 2089-54-102-00-0169-0
Property Type Retail
Sub Type Storefront
Square Footage 9,140
Units 10
Cap Rate 3.44%
NOI $84,382
Occupancy 85%
Tenancy Multi
Lease Type Modified
Pro-Forma Cap Rate 4.87%
Pro-Forma NOI $119,382
Price per SqFt $268
Broker Co-Op Yes
Class B
Year Built 1956
Buildings 1
Stories 2
Lot Size (SqFt) 14,810
Zoning Commercial
Parking Spaces 10 spaces
Parking Per SqFt 1.09
Investment Type Value Add
Ground Lease No
Ownership Fee Simple
5 Unit Retail Strip in Baldwin
Marketing description
American Investment Properties is retained to sell 851- 861 Merrick Rd in Baldwin, New York. At this location is a retail storefront property with several tenants. The property has a 1,400 SF retail vacancy.
This property boasts traffic counts of 23,700 vehicles per day, over 100 feet of frontage on Merrick Rd, and on-site parking behind the building. Please call 516- 393-2300 with any other questions.
Investment highlights
• 5-Unit Retail Strip in Baldwin
• Great Lease-Up Opportunity
• On-Site Parking in the Back
• 102' Frontage on Merrick Rd
• High Traffic Counts: 23,728 VPD
• Surrounded by Various Other Retail Stores
Listing Contacts
Listed by American Investment Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$84,382.00
$7,031.83/mo
Valuation Metrics
0
DSCR
3.44%
Cap Rate
3.44%
ROI
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