Mixed-Use Building with
For Sale
$1,150,000
97 Merrick Road, Baldwin, NY 11510
The ground level houses an operating pizza restaurant, with residential units on the floor above.
Property Size3,828 SF
Price / SF$300.42
Days on Market100
Property Features for 97 Merrick Road
General Information
Standard status
Active
Size
3,828 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR
Multifamily Units
2
Additional Details
Floor
Ground
Business Included
Yes
Currently Operating
Yes
Taxes and HOA fees
Annual Taxes
$29,373
Building Details
Building Size
3,828 SF
Stories
2
Listing Agency:
R New York
(212) 688-1000
Listed By:
Eddy E. Stwaerd
(917) 805-1143
Source:
Croninreale
Added: Jul 16
Changed: Oct 23
Last Checked: Oct 23 at 4:10PM
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 R New York
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Investment Insights
Based on property information with market context.
At 97 Merrick Road in Baldwin, this 3,828-square-foot mixed-use property combines a restaurant at street level with two apartments upstairs. Each apartment has two bedrooms, and the ground-floor pizza business is operating.
The property sits along a commercial strip and is two blocks from the Baldwin LIRR station.
The property sits along a commercial strip and is two blocks from the Baldwin LIRR station.
Key Highlights
- 3,828‑square‑foot mixed‑use property
- Operating pizza restaurant on the ground floor
- Two upstairs apartments, each with 2 bedrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,282
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,640
$1.4M
Cap Rate 7%
$975,457
$975.5K
Cap Rate 9%
$758,689
$758.7K
Market Conditions
NOI Build-Up for 3,828 SF
Gross rent
$130.0K $33.96/SF
− Vacancy
−$5.8K −$1.53/SF
EGI
$124.1K $32.43/SF
− OpEx
−$55.9K −$14.59/SF
NOI
$68.3K $17.84/SF
Area
Nassau County, NY
Vacancy
4.50%
Lease Rate
$33.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,365,640
Cap Rate 7%
$975,457
Cap Rate 9%
$758,689
Alternative Uses
Best Use
Specialty Retail
$2.53M
$2.21M – $2.95M
NOI $177,169 @ 7.0% cap · market cap 15.41%
Second Best
Apartment 5plus
$975.5K
$853.5K – $1.14M
NOI $68,282 @ 7.0% cap · market cap 5.94%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,104
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The ground level houses an operating pizza restaurant, with residential units on the floor above.
Where is this mixed-use property located?
The property is located at 97 Merrick Road Baldwin, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 3,828‑square‑foot mixed‑use property; Operating pizza restaurant on the ground floor; Two upstairs apartments, each with 2 bedrooms
