Mixed-Use Retail and
1888 Grand Avenue Baldwin, NY 11510
1888 Grand Avenue, Baldwin, NY, 11510
Contact for pricing
For Sale
Contact for pricing
Mix-use building offering retail stores with upper-level apartments, available for sale.
Property Size11,696 SF
Price / SF$307.80
Days on Market95
Property Features for 1888 Grand Avenue
General Information
- Standard status
- Active
- Size
- 11,696 SF
- Property subtype
- Multifamily
Listing agency
CENTURY 21 Sherlock Homes
Listed by
Roger Hart · License #NY
Source
Crexi
Added: Apr 20 Updated: Jul 23 at 4:24AM Checked: Jul 23 at 4:24AM
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 CENTURY 21 Sherlock Homes
Investment Insights
Based on property information with market context.
This mixed-use building combines retail stores with upper-level apartments. The property is offered for sale with additional financial information available upon request.
The building is located at 1888 Grand Avenue in Baldwin, New York.
A rent roll is noted in the public remarks at $330,949, supporting the current income profile for this retail and residential setup.
The building is located at 1888 Grand Avenue in Baldwin, New York.
A rent roll is noted in the public remarks at $330,949, supporting the current income profile for this retail and residential setup.
Key Highlights
- Mixed‑use building with retail stores on the lower level and upper‑level apartments
- Rent roll of $330,949 listed for the property
- Available for sale as a combined retail and apartment investment property
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 | $350.9k | $30.00 |
| − Vacancy | −$20.0k | −$1.71 |
| EGI | $330.9k | $28.29 |
| − OpEx | −$99.3k | −$8.49 |
| NOI | $231.6k | $19.80 |
11,696 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.31M
$2.90M – $3.86M
NOI $231,616 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$2.98M
$2.61M – $3.48M
NOI $208,627 @ 7.0% cap · market cap 5.80%
Theoretical Best
Specialty Retail
$7.73M
$6.77M – $9.02M
NOI $541,320 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bare Beauty Bar
Hair Salon
Lashified Beauty
Hair Salon
Salon Studios A Suite ...
Hair Salon
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Mix-use building offering retail stores with upper-level apartments, available for sale.
Where is this retail space located?
The property is located at 1888 Grand Avenue Baldwin, NY.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Mixed‑use building with retail stores on the lower level and upper‑level apartments; Rent roll of $330,949 listed for the property; Available for sale as a combined retail and apartment investment property
