Technical
Financial
Distress signals
Property profile

2426-2428 Grand Ave Baldwin, NY 11510

OFF-MARKET
Other investment properties
Property ID
US63-3893964
2,356 SF 0.1 ac lot Built 1929
Entity Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This retail storefront is configured as a flexible commercial space with approximately 2,000 square feet, suitable for a range of retail and service-oriented uses. The property is located on Grand Avenue in Baldwin, in a high-traffic retail area with street visibility. It is also positioned near the LIRR, providing convenient access for employees and customers. The interior layout is open and adaptable to support different operating configurations within a retail setting.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1929
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,356 SF
Lot 0.1 ac (4,256 SF)
APN 54-103-00-0340
UPID US63-3893964

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2426-2428 Grand Ave Baldwin, NY 11510
Baldwin metro Census 413600 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.28M
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.18M
Blend (final) Blend
$1.21M

Owner & transaction history

since 2023
Last sale
$1.2M
6 recorded transactions
2023
$1.2M
2006
Price N/A
2005
$412,500
1998
$36,500
1995
$182,500
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Office building $1.7M +89.4%
Auto repair, garage $1.6M +76.4%
Retail stores $1.3M +53.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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