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

    1621-1623 Grand Ave Baldwin, NY 11510

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $20 SF/Yr

    Dual-building retail property on North Baldwin's primary commercial corridor.

    Type:Commercial
    Property size:
    3,667 SF
    Added:
    Apr 24, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 24 at 8:03 pm

    Property Features for 1621-1623 Grand Ave

    General Information

    Standard status
    Active
    Size
    3,667 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    Dimitry Roulette

    Listing agent Dimitry Roulette License #10301221595

    Listing office Keller Williams Realty Elite

    Listing date Apr 24, 2026

    Source Elliman

    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 Keller Williams Realty Elite

    Overview

    Updated Retail Space on Grand

    Located at 1621-1623 Grand Avenue, this newly updated dual-building retail property offers a combined total of 3,667 square feet. Situated on North Baldwin’s primary commercial corridor, the property benefits from high visibility. The pristine "white box" space provides a flexible canvas suitable for a variety of retail, office, or medical concepts. The property can be leased in its entirety or subdivided into two distinct suites. The location is in an area supported by a recent $10 million New York State Downtown Revitalization Initiative (DRI) grant, providing access to a growing consumer base, high daily traffic counts, and major transit-oriented residential developments. The walk score is 75, indicating it is very walkable, the bike score is 50, indicating it is bikeable, and the transit score is 43, indicating some transit is available.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Baldwin
    County
    Nassau
    State
    New York
    Longitude
    -73.60967
    Latitude
    40.670016

    Nearby Similar for Lease

    • $3,500/Mo

      Commercial Space in Baldwin, NY

      Versatile commercial unit with private rooms and separate entrance.
      1158 Atlantic Avenue, Baldwin, NY 11510
      View Details
    • $20 SF/Yr

      Updated Retail Property on Grand Avenue

      Dual-building retail property in North Baldwin with flexible spaces.
      1621-1623 Grand Avenue, Baldwin, NY 11510
      View Details
    • $5,000/Mo

      Retail Space on Grand Avenue

      2000 sq ft retail space in high-traffic Baldwin location.
      2426 Grand Avenue, Baldwin, NY 11510
      View Details
    • $3,300/Mo

      Retail/Office Space in Baldwin, NY

      Corner location suitable for retail or office use with basement.
      1951 GRAND Avenue, Baldwin, NY 11510
      View Details
    • $2,600/Mo

      Retail Space on Grand Avenue

      Retail space available for rent on Grand Avenue.
      2100-2106 Grand Avenue 2100, Baldwin, NY 11510
      View Details
    • Contact for pricing

      Retail Space Near Baldwin Station

      Retail space near train station and national retailers.
      619 Seaman Ave, Baldwin, NY 11510
      View Details
    • $30 SF/Yr

      Atlantic Avenue Retail Opportunity

      Retail space with 540 feet of frontage on Atlantic Avenue.
      905-951 Atlantic Ave, Baldwin, NY
      View Details
    • Contact for pricing

      Established Shopping Center For Rent

      Well-located shopping center with high visibility and ample parking.
      1745 Grand Ave, Baldwin, NY 11510
      View Details
    • Contact for pricing

      Retail Space in Baldwin, NY

      Retail space with open layout, basement, parking, and signage.
      814-850 Merrick Rd, Baldwin, NY
      View Details
    • $18 SF/Yr

      Baldwin Warehouse Space Available

      12,500 square foot warehouse space for lease.
      958 Church St, Baldwin, NY
      View Details

    FAQs

    What type of property is this?
    Retail space - Dual-building retail property on North Baldwin's primary commercial corridor.
    Where is this retail space located?
    The property is located at 1621-1623 Grand Ave Baldwin, NY.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location on North Baldwin’s primary commercial corridor.; Newly updated dual‑building retail property with **3,667 total square feet.**; **Pristine "white box" space** suitable for retail, office, or medical use.
    (718) 825-8042
    We can help!
    Listing Contact
    Dimitry Roulette
    Real Estate License ID: 10301221595
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!