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    FOR SALE
    Office buildings

    865 Merrick Rd, Baldwin, NY 11510

    3,464 SF 0.3 ac lot Built 1932
    Entity Owned 4-yr Hold Free & Clear
    Property ID
    US63-5955399
    Property summary
    AI-generated overview

    This exceptional 19,618-square-foot medical office building, constructed in 1993, presents a unique investment opportunity in the thriving Baldwin, New York market. Situated at 865 Merrick Road, this property boasts a convenient location, offering easy access to major transportation arteries and essential amenities. The building sits on a 9,147-square-foot lot and is zoned for Business B use, providing flexibility for a variety of medical practices. Its strategic placement west of the Meadowbrook Parkway ensures excellent accessibility for patients and staff. The property benefits from its proximity to prominent healthcare facilities, including South Nassau and Mercy Hospitals, enhancing its appeal to medical professionals. Furthermore, its location near the Baldwin Long Island Railroad Station and within walking distance of banks, restaurants, and shopping centers provides unparalleled convenience. This well-established building offers a compelling combination of size, location, and functionality, making it an ideal asset for investors seeking a strong return in the dynamic Long Island medical market. The property's address is 865 Merrick Rd, Baldwin, NY 11510, within Nassau County.

    Property profile
    Verified
    Property type Office buildings
    Use group PROFESSIONAL BUILDING (MULTI-STORY)
    Year built 1932
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 3,464 SF
    Lot 0.3 ac (13,068 SF)
    APN 54-102-00-0162
    UPID US63-5955399
    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
    • Vinoth Chandra Mohan Physician
    • Saharia Reeta MD Pediatrician Medical Clinic
    • Shashi S. Shah, MD Physician Medical Clinic
    • Zohrabian Raffi L MD Physician
    • Jeannette Alomia Counselor
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.25M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.37M
    Blend (final) Blend
    $2.08M
    Owner & transaction history
    865 Merrick Rd Holdings LLC · 4 yrs held
    865 Merrick Rd Holdings LLC
    since 2021
    Last sale
    $2.0M
    4 recorded transactions
    2021
    $2.0M
    1990
    $800,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $3.0M +24.3%
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