Log In/Sign Up
Your email has been sent.
688 Merrick Rd 4 Unit Apartment Building $1,650,000 ($412,500/Unit) 4.66% Cap Rate Baldwin, NY 11510
Investment Highlights
- Four Free-Market Two-Bedroom Townhomes
- ±8 On-Site Parking Spaces — Approximately Two Spaces Per Unit
- Condominium-Style Tax Lot Configuration Offers Future Unit-Level Optionality
Executive Summary
Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of 688 Merrick Road, a four-unit free-market townhome rental asset in Baldwin, NY. The property consists of four two-bedroom, one-and-a-half-bath townhomes totaling approximately 5,572 SF, with approximately eight surface parking spaces. The condominium-style tax lot configuration provides investors with flexibility for continued rental ownership and potential future unit-level disposition strategies.
Property Facts
| Price | $1,650,000 | Building Class | B |
| Price Per Unit | $412,500 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 5,572 SF |
| Cap Rate | 4.66% | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1988 |
| Property Subtype | Apartment | Parking Ratio | 1.44/1,000 SF |
| Apartment Style | Townhome | ||
| Zoning | Residence CA Zone - CA Residence District regulated by the Town of Hempstead Building Zone Ordinance | ||
| Price | $1,650,000 |
| Price Per Unit | $412,500 |
| Sale Type | Investment |
| Cap Rate | 4.66% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.27 AC |
| Building Size | 5,572 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1988 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | Residence CA Zone - CA Residence District regulated by the Town of Hempstead Building Zone Ordinance |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 4 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 2089-54-187-00-0253-UCA018500001 | Improvements Assessment | $337 |
| Land Assessment | $0 | Total Assessment | $337 |
Property Taxes
Parcel Number
2089-54-187-00-0253-UCA018500001
Land Assessment
$0
Improvements Assessment
$337
Total Assessment
$337
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
