Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Property with Upside Potential Title is generated by Realmo AI

    1951-1953 Grand Ave, Baldwin, NY 11510

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $799,000

    Retail property with 100% collectable rents and updated fire codes.

    Type:Commercial
    Lot size:
    0.11 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    57
    Last Refresh:
    Mar 18 at 3:35 pm

    Property Features for 1951-1953 Grand Ave

    General Information

    Standard status
    Active
    Lot size
    0.11 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1948

    We can help!

    Listing Contact
    George Terezakis

    Listing agent George Terezakis License #31TE0944584

    Listing office Creative Realty

    Listing date Mar 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 Creative Realty

    HighLights

    • 100% Collectable Rents
    • Three Separate Water Meters
    • Three Electrical Meters
    • 3‑Car Driveway with Plenty of Street Parking
    • Owner Willing to Relocate Corner Store Tenant for Possible Owner/User
    • Property in Excellent Condition with All Fire Codes Updated

    Overview

    This property presents a significant opportunity for increased value, featuring full rent collection and a three-car driveway, complemented by ample street parking. Tenants are responsible for all utilities, including heat, electricity, and water, with the building equipped with three electrical meters, three CB panel boxes, and three separate water meters. The owner is open to relocating the corner store tenant, potentially accommodating an owner-user. The property is noted to be in excellent condition, with all fire codes updated.
    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 — 2170 Grand Ave, 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
    • Haydee florist — 1945 Grand Ave, Baldwin, NY 11510

    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 Avenue, Baldwin, NY 11510
      View Details
    • $424,000

      High Visibility Retail Storefront

      Retail storefront on busy Atlantic Ave, motivated seller.
      930 Atlantic Avenue, Baldwin, NY 11510
      View Details
    • $649,000
      2,300 SF

      Prime Commercial Space on Merrick

      2,300 sq ft building on highly trafficked Merrick Road.
      821 Merrick Rd, Baldwin, NY 11510
      View Details
    • $425,000

      High Visibility Retail Storefront

      Retail storefront on busy Atlantic Ave in South Baldwin.
      930 Atlantic Ave, Baldwin, NY 11510
      View Details
    • $599,000

      Two-Family Home in Baldwin, NY

      Well-maintained two-family home with income potential near amenities.
      2478 Loft Avenue, 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 Road, Baldwin, NY 11510
      View Details
    • $799,000

      Retail Property in Excellent Condition

      Retail property with upside potential, collectable rents, and parking.
      1951-1953 Grand Avenue, Baldwin, NY 11510
      View Details
    • $799,999

      Mixed-Use Property in Baldwin

      Mixed-use property with residential and retail income potential.
      2074 Grand Ave, Baldwin, NY 11510
      View Details
    • Contact for pricing
      19,618 SF

      Baldwin Office Building For Sale

      Office building near hospitals, train, and amenities in Baldwin, NY.
      865 Merrick Rd, Baldwin, NY
      View Details
    • $2,000,000

      Mixed-Use Property in Baldwin

      Mixed-use property in the heart of Baldwin, Nassau County.
      986 Church St, Baldwin, NY 11510
      View Details
    • $5,800,000
      15,410 SF

      Retail Property on Merrick Road

      Retail property available for sale in Baldwin, New York.
      980-998 Merrick Rd, Baldwin, NY
      View Details
    • $3,500,000
      11,700 SF

      Mixed-Use Building For Sale

      Two-story building with retail stores and apartments.
      2372 Grand Ave, Baldwin, NY
      View Details

    FAQs

    What type of property is this?
    Storefront property - Retail property with 100% collectable rents and updated fire codes.
    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; Three Separate Water Meters; Three Electrical Meters
    (516) 477-9365
    We can help!
    Listing Contact
    George Terezakis
    Real Estate License ID: 31TE0944584
    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

    Thank You for Inquiry
    1951-1953 Grand Ave, Baldwin, NY 11510
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!