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    Property profile & analytics
    OFF-MARKET Estimated value $695,000
    Investment properties

    97 Merrick Rd, Baldwin, NY 11510-3331

    1,276 SF 0.06 ac lot Built 1911
    Individually Owned 3-yr Hold ~ Est. High Equity
    Property ID
    US63-0292496
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a mixed-use property located at 97 Merrick Road in Baldwin, NY, 11510. The property consists of a ground floor retail space currently operating as a fully equipped pizza shop, offering significant potential for diverse commercial uses. Above the retail space are two 2-bedroom apartments. One apartment is currently vacant, while the other is occupied by a tenant paying $2050 per month (without a lease). The building's total square footage is not currently specified. This prime location offers high visibility and foot traffic, situated on a main thoroughfare just two blocks from the Long Island Rail Road (LIRR) station, ensuring convenient access for commuters and customers. The asking price for this property is $1,300,000. The property's strategic location and the combination of retail and residential income streams make it an attractive investment prospect with considerable upside potential. The existing pizza shop provides immediate cash flow, while the vacant apartment offers the opportunity to increase rental income. The flexibility of the retail space allows for a variety of commercial ventures, catering to the needs of the local community. This is a rare opportunity to acquire a well-positioned property in a thriving area. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1911
    Construction FRAME
    Total area 1,276 SF
    Lot 0.06 ac (2,408 SF)
    APN 54-102-00-0124
    UPID US63-0292496
    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
    • DeFrancisco's Pizzeria & Ristorante Restaurant
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $560k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $666k
    Blend (final) Blend
    $695k
    Owner & transaction history
    Paul A Rodriguez Morel · 3 yrs held
    Paul A Rodriguez Morel
    since 2023
    Last sale
    $750,000
    2 recorded transactions
    2024
    2023
    $750,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Neighborhood: shopping center $1.1M +135.5%
    Office building $900,000 +89.4%
    Auto repair, garage $840,000 +76.4%
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