1951-1953 Grand Ave
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1951-1953 Grand Ave
3,533 SF 100% Leased Retail Building Baldwin, NY 11510 $1,325,288 CAD ($375 CAD/SF) 6.77% Cap Rate
Investment Highlights
- 3 Unit Corner Retail Building with Private Parking
- Signalized Traffic Light
- Ideal opportunity for investment or end-user
- Vehicles Per Day (VPD) 27,597
Executive Summary
Excellent opportunity for investment or an owner-user to occupy their own space with additional income. This building features 3 retail units that can easily be combined if needed. Below market rents with upcoming leases. The property features a full basement and private parking. Located at a signalized traffic light with 27,000+ vehicles per day. Contact the exclusive broker for more information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,533 SF
Building Class
C
Year Built
1948
Price
$1,325,288 CAD
Price Per SF
$375 CAD
Cap Rate
6.77%
NOI
$89,690 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.72
Land Acres
0.11 AC
Zoning
Business (X) - Mixed Residential district in Hempstead
Frontage
Walk Score ®
Very Walkable (78)
PROPERTY TAXES
Parcel Number | 2089-54-038-00-0201-0 | Improvements Assessment | $2,405 CAD |
Land Assessment | $1,223 CAD | Total Assessment | $3,628 CAD |
PROPERTY TAXES
Parcel Number
2089-54-038-00-0201-0
Land Assessment
$1,223 CAD
Improvements Assessment
$2,405 CAD
Total Assessment
$3,628 CAD
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1951-1953 Grand Ave
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