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851 Merrick Rd 9,140 SF Retail Building Baldwin, NY 11510 $2,450,000 ($268.05/SF) 5.89% Cap Rate
Investment Highlights
- For Sale: 5 Unit Retail Strip in Baldwin, NY
- On-Site Parking in the Back
- High Traffic Counts: 23,728 VPD
- Great Lease-Up Opportunity
- 102 ft Frontage on Merrick Rd
- Surrounded by Various Other Retail Stores
Executive Summary
American Investment Properties is retained to sell 851-861 Merrick Rd in Baldwin, New York. At this location is a retail strip center with several units. This property boasts traffic counts of over 23,700 vehicles per day, over 100 feet of frontage on Merrick Rd, and onsite parking behind the building.
Current NOI is $84,382
Pro Forma NOI is $144,382
Current NOI is $84,382
Pro Forma NOI is $144,382
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
9,140 SF
Building Class
B
Year Built
1956
Price
$2,450,000
Price Per SF
$268.05
Cap Rate
5.89%
NOI
$144,382
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.62
Lot Size
0.34 AC
Zoning
Commercial - Commercial
Parking
10 Spaces (1.09 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 2089-54-102-00-0169-0 | Improvements Assessment | $4,143 |
| Land Assessment | $2,628 | Total Assessment | $6,771 |
Property Taxes
Parcel Number
2089-54-102-00-0169-0
Land Assessment
$2,628
Improvements Assessment
$4,143
Total Assessment
$6,771
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851 Merrick Rd
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