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Property profile & analytics
OFF-MARKET
Investment properties

229 Baldwin Rd Hempstead, NY 11550-6900

618 SF 0.23 ac lot Built 1961
Entity Owned ~ Est. High Equity
Property ID
US63-0252070
Property summary
AI-generated overview

This exceptional mixed-use property, located at 229 Baldwin Road in Hempstead, New York, presents a compelling investment opportunity. The 6,175 square foot building sits on a 0.22-acre lot and features two separate units, currently offering a mix of occupied and vacant space. Built in 1961, the single-story Class B building is categorized as a medical office, storefront, and traditional office space, making it suitable for a variety of uses. The property benefits from a high-traffic location on Baldwin Road, experiencing over 20,000 vehicles daily. Recent improvements include a brand new roof installed in November 2023. The asking price is $1,400,000, translating to $226.72 per square foot. This fee simple ownership offers a value-add investment opportunity for an owner/user. The property's multi-tenant configuration provides flexibility and potential for increased rental income. The building's versatile nature and prime location make it an attractive prospect for investors seeking a strong return on investment in the thriving Hempstead market. The property is situated in Nassau County, New York, with a zip code of 11550. No tenant credit rating is available.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1961
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 618 SF
Lot 0.23 ac (9,977 SF)
APN 36-072-00-0002
UPID US63-0252070
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Ukpabi Okoro MD Physician
  • Nassau West Obstetrics & Gyn Physician
  • New Vision Temple Church
  • SCALE Operations Management Business Management Consultant
  • Precision Boxing School Gym & Fitness Center Sports School
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Azelkial LLC
Azelkial LLC
since 2025
Last sale
$1.2M
1 recorded transaction
2025
$1.2M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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