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    Retail Property in North Baldwin Title is generated by Realmo AI

    1886-1892 Grand Ave, North Baldwin, NY

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    Retail property available for sale in North Baldwin, NY.

    Type:RETAIL
    Property size:
    9,636 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $311/SF
    Added:
    Nov 27, 2024
    Days on Market:
    559
    Last Refresh:
    May 20 at 8:55 pm

    Property Features for 1886-1892 Grand Ave

    General Information

    Standard status
    Active
    Size
    9,636 SF
    Lot size
    0.24 Acres
    Property subtype
    RETAIL

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    Listing Contact
    Ryan Rodger

    Listing agent Ryan Rodger

    Listing office United Properties Corp.

    Listing date Nov 27, 2024

    Source Moodyscre

    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 United Properties Corp.

    HighLights

    • Retail property available for sale.
    • Located in North Baldwin, NY.

    Overview

    A retail property is available for sale, offering 9,636 square feet of space. The property is located on Grand Ave in North Baldwin, NY.

    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 $289.1k $30.00
    − Vacancy −$16.5k −$1.71
    EGI $272.6k $28.29
    − OpEx −$81.8k −$8.49
    NOI $190.8k $19.80
    9,636 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $2.73M
    $2.39M – $3.18M (±1% cap)
    NOI $190,822 @ 7.0% cap · market cap 6.36%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $6.37M
    $5.57M – $7.43M (±1% cap)
    NOI $445,978 @ 7.0% cap · market cap 14.87%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Retail properties & Spaces

    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.

    Location Insight

    • Map
    • Local Demand
    City
    North Baldwin
    County
    Nassau
    State
    New York
    Longitude
    -73.6081
    Latitude
    40.6636

    FAQs

    What type of property is this?
    Retail property - Retail property available for sale in North Baldwin, NY.
    Where is this retail property located?
    The property is located at 1886-1892 Grand Ave North Baldwin, NY.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: Retail property available for sale.; Located in North Baldwin, NY.
    (516) 223-6200 Call to check price and availability
    More about this property
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