A rare opportunity to own a mixed use residential / commercial property in South Baldwin. This prime mixed-use property is fully occupied and fully leased generating strong diversified income high-performing mixed-use building in prime Location. Residential apartments and 1 warehouse offering 1200 Square feet with a 12ft garage. The apartments have recently been invested in for over $50k in capital improvements.
The property presents an exceptional opportunity for a new owner to unlock additional value. Situated in the heart of the rapidly growing Baldwin Harbor - This location boasts high visibility with signalized traffic and over hundreds of vehicles passing daily. Private Driveway with 10 spaces that is directly attached to North and South side of the building. Ideal for 1031 exchange buyers or investors seeking stable cash flow and upside in a high-demand location
Highlights: Long Island Railroad, Sonny’s Canal House, Nautical Mile, Long Beach, Jones Beach, JFK Airport, Belt Parkway, Meadowbrook Parkway. Tons of shopping and restaurants close by. Boaters Delight.
5,084 Sq Ft
7,370 Sq Ft Exterior Space
Commercial
$29,311 Annual Tax
Built in 1948
MLS/Listing ID 905686
5 Units
Parking - Driveway
Heating - Hot Water
Cooling - Wall/window unit(s)
Construction - Vinyl Siding
Listing Courtesy of DOUGLAS ELLIMAN REAL ESTATE, VANESSA AMBROSECCHIA - 516-551-5276
Source of Data: ONEKEY MLS
TOTAL MONTHLY COST
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