Mixed-Use Property in
2074 Grand Ave, Baldwin, NY 11510
For Sale
$825,000
Mixed-use property with residential and retail income potential.
Property Size1,550 SF
Days on Market199
Property Features for 2074 Grand Ave
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
M & J Partners Realty LLC
Listed By:
Meliza Berrios · License #10401346867
(516) 233-9888
Source:
Elliman
Added: Apr 24
Changed: Aug 22
Last Checked: Aug 25 at 5:21AM
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
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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 / Yr
$29,529
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,580
$590.6K
Cap Rate 7%
$421,843
$421.8K
Cap Rate 9%
$328,100
$328.1K
Market Conditions
NOI Build-Up for 1,550 SF
Gross rent
$44.6K $28.80/SF
− Vacancy
−$2.5K −$1.58/SF
EGI
$42.2K $27.22/SF
− OpEx
−$12.7K −$8.16/SF
NOI
$29.5K $19.05/SF
Area
Nassau County, NY
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,580
Cap Rate 7%
$421,843
Cap Rate 9%
$328,100
Alternative Uses
Best Use
Multifamily LT 5
$421.8K
$369.1K – $492.2K
NOI $29,529 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$395.0K
$345.6K – $460.8K
NOI $27,648 @ 7.0% cap · market cap 3.35%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,351
Businesses Nearby
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Mixed-use properties in Nassau County
Vacancy Rate% for Multifamily in Northeast region
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.
