Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land Development Lots Title is generated by Realmo AI

    635 Arthur Street, Baldwin, NY 11510

    View on Map
    Claim this Listing
    For Sale
    $950,000

    Two waterfront land lots are in process of being split, each with over 75' of waterfront for custom builds.

    Type:Land or Vacant Lot
    Added:
    Mar 21, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 4 at 1:50 am

    Property Features for 635 Arthur Street

    General Information

    Standard status
    Active
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    JOSEPH N. JANNACE CRB

    Listing agent JOSEPH N. JANNACE CRB

    Listing office REALTY CONNECT USA LLC

    Listing date Mar 21, 2026

    Source Corcoran

    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 REALTY CONNECT USA LLC

    HighLights

    • Two waterfront land lots are in process of being split for custom home builds.
    • Each lot will have over 75' of waterfront frontage.
    • The paperwork is submitted to the Town of Hempstead and the building department and is close to being finalized.
    • Lots are on a quiet dead‑end location with a wide canal.

    Overview

    The offering consists of two waterfront lots that are currently in the process of being split. The paperwork is with the Town of Hempstead and the building department, and all submissions are in place and close to being finalized.

    The parcels sit in a quiet dead-end setting with waterfront access along a wide canal. The waterfront dimensions are provided as over 75 feet for each home, supporting designs that can take advantage of the canal frontage.

    This property is well suited for builders or buyers looking to develop one or both lots on a site with significant waterfront depth. Because the split is already underway through the Town of Hempstead and the building department, interested parties can focus on planning for the finalized lot configuration once approvals are complete. Buyers who want a waterfront build location with clear development intent should consider this as a strong match for custom residential plans or builder-led development.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Baldwin
    County
    Nassau
    State
    New York
    Longitude
    -73.615825
    Latitude
    40.636456

    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
    • $915,000
      4,000 SF

      High-Visibility Commercial Property on Grand Ave

      Prime commercial property with high visibility and excellent location.
      1614 Grand Ave, Baldwin, NY 11510
      View Details
    • $950,000

      Waterfront Land in Baldwin, NY

      Waterfront land, build your dream home.
      635 Arthur Street, 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
    • $799,999

      Mixed-Use Property in Baldwin

      Mixed-use property with residential and retail income potential.
      2074 Grand Ave, Baldwin, NY 11510
      View Details
    • $455,000

      Spacious Corner Lot in Baldwin

      7,500 sq. ft. corner lot for dream home.
      3051 Grand Avenue, Baldwin, NY 11510
      View Details
    • $799,000

      Retail Property with Upside Potential

      Retail property with 100% collectable rents and updated fire codes.
      1951-1953 Grand Ave, Baldwin, NY 11510
      View Details
    • $150,000

      Laundromat Retail Storefront

      Convenience-focused laundromat with 17 washers and 18 dryers for ongoing self-service operations.
      2406 Grand Avenue, Baldwin, NY 11510
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Two waterfront land lots are in process of being split, each with over 75' of waterfront for custom builds.
    Where is this waterfront land located?
    The property is located at 635 Arthur Street Baldwin, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: Two waterfront land lots are in process of being split for custom home builds.; Each lot will have over 75' of waterfront frontage.; The paperwork is submitted to the Town of Hempstead and the building department and is close to being finalized.
    (516) 714-3606
    We can help!
    Listing Contact
    JOSEPH N. JANNACE CRB
    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
    635 Arthur Street, 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!