Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1951-1953 Grand Ave Baldwin, NY 11510

    View on Map
    Sponsored
    For Sale
    $799,000

    SINGLE_FAMILY - Baldwin, NY

    Type:Retail
    Lot size:
    0.11 Acres
    Days on Market:
    4
    Last Refresh:
    Mar 21 at 7:06 am

    Property Features for 1951-1953 Grand Ave

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Standard status
    Active
    Zoning
    comm
    Rooms
    Basement
    Parking
    3
    Parking features
    Driveway
    Basement
    Walk-Out Access, Partially Finished, Storage Space
    Lot size
    0.11 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Oil, Electric (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    1
    Number of units
    3
    Building materials
    Brick

    We can help!

    Listing Contact
    George Terezakis

    Creative Realty

    Listing agent George Terezakis

    Listing date Mar 18, 2026

    MLS# 892106

    Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Retail Property in Excellent Condition

    This retail property offers significant upside potential with 100% collectable rents. It features a 3-car driveway and ample street parking. Tenants are responsible for all utilities, including heat, electric, and water. The property is equipped with three electrical meters and three CB panel boxes, as well as three separate water meters. The owner is willing to relocate the corner store tenant for a possible owner/user scenario. The property is in excellent condition, with all fire codes updated. The lot size is 0.11 acres and is located in Baldwin, NY.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Wicks Florist, Wick's Florist, Fruitera & Greenhouse, Wick's First Greenhouse Inc, Haydee florist

    Location Insight

    • Map
    • Local Demand
    City
    Baldwin
    County
    Nassau
    State
    New York
    Longitude
    -73.607332
    Latitude
    40.662466

    Nearby Similar for Sale

    • $915,000
      4,000 SF

      Commercial Building on High-Traffic Roadway

      Prime commercial property with high visibility and excellent accessibility.
      1614 Grand Ave, Baldwin, NY 11510
      View Details
    • $649,000
      1,785 SF

      Prime Baldwin Commercial Space Available

      2,300 sq ft commercial space on Merrick Road.
      821 Merrick Rd, Baldwin, NY 11510
      View Details
    • $649,000
      1,785 SF

      Prime Baldwin Commercial Space Available

      2,300 sq ft building on Merrick Road for sale.
      821 Merrick Rd, Baldwin, NY 11510
      View Details
    • $3,000,000

      Baldwin South Business District Property

      Property in Baldwin South Business District with private parking.
      860 Atlantic Ave, Baldwin, NY 11510
      View Details
    • $150,000

      Established Laundromat Business For Sale

      Profitable laundromat business opportunity with 17 washers and 18 dryers.
      2406 Grand Ave, Baldwin, NY 11510
      View Details
    • $395,000
      Pending

      Charming Garden-Style Residence

      Spacious 2-bedroom residence with community amenities and convenient location.
      1600 Grand Ave, Baldwin, NY 11510
      View Details
    • $649,000
      1,785 SF

      Baldwin Commercial Property - $649,000

      Merrick Road Restaurant/Office Space
      821 Merrick Rd, Baldwin, NY 11510
      View Details
    • $3,000,000
      5,264 SF

      Mixed-Use Property For Sale

      Mixed-Use Property For Sale
      987 Atlantic Ave, Baldwin, NY 11510
      View Details
    • $875,000
      Pending

      Updated Two-Family House

      Immaculate, updated two-family house available for sale.
      2676 Johnson Pl, Baldwin, NY 11510
      View Details
    • $1,866,000
      579 SF

      Baldwin, NY Convenience Store

      High-Yield NNN Lease, Prime Location
      2885 Grand Ave, Baldwin, NY 11510
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail property with upside potential, collectable rents, and parking.
    Where is this storefront property located?
    The property is located at 1951-1953 Grand Ave Baldwin, NY.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: - 100% Collectable Rents; - 3 Car Driveway with Plenty of Street Parking; - Tenants Responsible for All Utilities
    (516) 477-9365
    Request Owner's contact information
    1951-1953 Grand Ave Baldwin, NY 11510
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1951-1953 Grand Ave
    Baldwin, NY 11510
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1951-1953 Grand Ave Baldwin, NY 11510
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    George Terezakis
    Real Estate License ID: 31TE0944584
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!