North Baldwin

COMMERCIAL

Address: ‎1870-1872 Grand Avenue

Zip Code: 11510

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$725,000
SOLD

SOLD

English


$725,000 SOLD - 1870-1872 Grand Avenue, North Baldwin , NY 11510 | SOLD

Construction Year1954
Taxes
(per year)
$19,985
Fuel TypeGas
Air
Conditioning
Central Air
LIRR0.6 miles: "Baldwin"
1.4 miles: "Freeport"

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房屋英文概況 English Description

Calling All Investors, Developers & End-Users!!! 6.65% Cap 4,300+ Sqft. 2 Unit Retail Building With Private Parking Lot On Grand Avenue For Sale!!! The Property Is Located In The Heart Of Baldwin Just A Few Blocks From Sunrise Hwy. & The Baldwin LIRR Station!!! The Property Features Excellent Signage, Great Exposure, Multiple Use (482.24) Zoning, 86 Parking Spaces, High 14’ Ceilings, Full Basement, Private Driveway & Parking, Sprinklers, Strategically Placed Curb Cut, All New LED Lighting, CAC+++!!! The Building Has 30’ Of Frontage On Busy Grand Avenue!!! Neighbors Include Starbucks, BMW, Mercedes-Benz, Capital One Bank, FourLeaf Federal Credit Union, The Home Depot, Best Buy, Petco, CVS, Walgreens, Dunkin’, Wendy’s, Jiffy Lube, Dollar Tree, +++!!! The Entire Building Can Be Delivered Vacant If Need Be!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!!



Income:



Martial Arts Studio (4,320 Sqft.): $73,740 Ann.; Lease Exp.: 8/31/25.



Total Gross Income: $73,740 Ann.



Expenses:



Gas: $0 Ann.



Electric: $0 Ann.



Water: $0 Ann.



Maintenance & Repairs: $250 Ann.



Insurance: $3,620 Ann.



Taxes: $19,984.58 Ann.



Total Expenses: $23,854.58 Ann.



Pro Forma Net Operating Income (NOI): $49,885.42 Ann. (6.65% Cap!!!)

Courtesy of All Island Estates Realty Corp

公司: ‍516-783-5600

周边物业 Other properties in this area




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$725,000
SOLD

COMMERCIAL
SOLD
‎1870-1872 Grand Avenue
North Baldwin, NY 11510


Listing Agent(s):‎
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Office: ‍516-783-5600

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