Mixed-Use Property in
For Sale
$825,000
2074 Grand Ave, Baldwin, NY 11510
Mixed-use property with residential and retail income potential.
Property Size1,550 SF
Days on Market108
Property Features for 2074 Grand Ave
General Information
Standard status
Active
Size
1,550 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,552
Building Details
Building Size
1,550 SF
Year Built
1928
Listing Agency:
M & J Partners Realty LLC
(516) 233-9888
Listed By:
Meliza Berrios · License #10401368899
(516) 233-9888
Source:
Elliman
Added: Apr 24
Changed: Aug 8
Last Checked: Aug 8 at 2:59PM
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 M & J Partners Realty LLC
Investment Insights
Based on property information with market context.
This mixed-use property is located in the heart of Baldwin. The property features a two-family home, with each unit containing two bedrooms. The tenants in these units are currently paying $2,300 and $1,500 per month, respectively. Additionally, there is a basement space rented for storage, generating $700 per month in income. The retail tenant contributes $1,700 per month. The location has a walk score of 77, indicating it is very walkable, and a bike score of 54, making it bikeable. The transit score is 27, suggesting some transit options are available.
Key Highlights
- Mixed‑use property in the heart of Baldwin.
- Generates income from four sources: two residential units, basement storage, and a retail space.
- Reported rental income of $6200 per month.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,695
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,900
$613.9K
Cap Rate 7%
$438,500
$438.5K
Cap Rate 9%
$341,056
$341.1K
Market Conditions
NOI Build-Up for 1,550 SF
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.
Gross rent
$46.5K $30.00/SF
− Vacancy
−$2.7K −$1.71/SF
EGI
$43.8K $28.29/SF
− OpEx
−$13.2K −$8.49/SF
NOI
$30.7K $19.80/SF
Area
Nassau County, NY
Vacancy
5.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$613,900
Cap Rate 7%
$438,500
Cap Rate 9%
$341,056
Alternative Uses
Best Use
Retail
$438.5K
$383.7K – $511.6K
NOI $30,695 @ 7.0% cap · market cap 3.72%
Second Best
Multifamily LT 5
$421.8K
$369.1K – $492.2K
NOI $29,529 @ 7.0% cap · market cap 3.58%
Theoretical Best
Specialty Retail
$1.02M
$896.7K – $1.20M
NOI $71,738 @ 7.0% cap · market cap 8.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
Explore this area
Business Placement
Demographics for 11510, NY
34,617
Population
11,463
Households
3
Avg Household Size
42
Median Age
43%
College-Educated
94%
High-School Grad
4.2 sq mi
ZIP Area
8,242
Density / Sq Mi
$141,120
Median Household Income
$62,185
Median Earnings
$1,695
Median Rent
$578,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with residential and retail income potential.
Where is this mixed-use property located?
The property is located at 2074 Grand Ave Baldwin, NY.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Mixed‑use property in the heart of Baldwin.; Generates income from four sources: two residential units, basement storage, and a retail space.; Reported rental income of $6200 per month.
