Prime Commercial Space on
821 Merrick Rd Baldwin, NY 11510
821 Merrick Rd, Baldwin, NY, 11510
$649,000
Pending
For Sale
$649,000
Pending
2,300 sq ft building on highly trafficked Merrick Road.
Property Size2,300 SF
Days on Market88
Property Features for 821 Merrick Rd
General Information
- Standard status
- Pending
- Size
- 2,300 SF
- Property subtype
- Commercial
Listing Agency
Kaloshi Real Estate Inc
(718) 287-5200
Listed by
Javed Iqbal · License #10311203437
(718) 287-5200
Source
Elliman
Added: Apr 24 Updated: Jul 10 at 3:57 pm Checked: Jul 20 at 4:47 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kaloshi Real Estate Inc
Investment Insights
Based on property information with market context.
This 2,300 sq ft one-story building in Baldwin, NY, presents an opportunity for businesses seeking real estate. Located on Merrick Road, the property benefits from high visibility, convenient access, and ample parking. The flexible commercial space features an open layout suitable for various businesses, including retail, office, and service-based ventures. Large windows provide natural light and street visibility. The location offers direct access to a thriving neighborhood with potential customers. The property has convenient access to major roadways, public transport, and local amenities. The building is situated in a bikeable area (bike score 51) and a very walkable area (walk score 88) with good transit (transit score 53).
Key Highlights
- Prime location on highly trafficked Merrick Road with excellent visibility.
- Spacious 2,300 sq ft of flexible commercial space.
- Ample parking for clients and staff.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $69.0k | $30.00 |
| − Vacancy | −$3.9k | −$1.71 |
| EGI | $65.1k | $28.29 |
| − OpEx | −$19.5k | −$8.49 |
| NOI | $45.5k | $19.80 |
2,300 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$650.7K
$569.3K – $759.1K
NOI $45,547 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.52M
$1.33M – $1.77M
NOI $106,450 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Rischs Heater Repairs
Big Box & Wholesale Store
Armstrong Plumbing And Rodding
Hardware & Home Improvement
Sweet & Savory Cafe
Take-out & Catering
Similar For Sale Nearby
Similar Off Market Nearby
- Wicks Florist — 2170 Grand Ave, Baldwin, NY 11510
- 1800 flowers — 776 Merrick Rd, Baldwin, NY 11510
- Imperial Florist — 776 Merrick Rd, Baldwin, NY 11510
- Wick's Florist, Fruitera & Greenhouse — 2170 grand ave, baldwin, ny 11510
- Wick's First Greenhouse Inc — 2170 grand ave, baldwin, ny 11510
FAQs
What type of property is this?
Storefront property - 2,300 sq ft building on highly trafficked Merrick Road.
Where is this storefront property located?
The property is located at 821 Merrick Rd Baldwin, NY.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Prime location on highly trafficked Merrick Road with excellent visibility.; Spacious 2,300 sq ft of flexible commercial space.; Ample parking for clients and staff.
