For Sale
$1,400,000

279 Baldwin Rd Hempstead, NY 11550

13-Unit Luxury Apartment Site, Approved

Overview

Added:
Dec 11, 2024
Days on market:
132
This exceptional 14,000 square foot commercial and residential land parcel, located at 279 Baldwin Road (corner of Baldwin Rd and Lawson Street) in Hempstead, NY 11550 (Section 36, Block 75, Lot 250-251), presents a fully approved opportunity for development. All necessary zoning and building permits are in place for a thirteen-unit, three-story luxury apartment building. The proposed building design includes a mix of one- and two-bedroom units, ranging in size from approximately 630 to 981 square feet. The site boasts excellent visibility at a heavily trafficked intersection, offering significant potential for rental income. This walkable location is convenient to numerous shops and stores, including CVS Pharmacy and Dunkin' Donuts, and benefits from easy access to public transportation and the Southern State Parkway. Hempstead is an area experiencing growth and expansion, making this a prime investment opportunity. The asking price for this ready-to-build site is $1,400,000. The permitted zoning is Residence “A” and Residence “B”. This is a rare chance to acquire a fully approved development site in a desirable location with strong potential for significant returns.

Highlights

  • 101: 1,222.4 sq ft 2-bedroom duplex unit, encompassing both the first floor and basement.
  • 652 sq ft commercial space on the first floor, ideal for a community center.
  • 201: 824.3 sq ft 2-bedroom unit.
  • 202: 916.3 sq ft 2-bedroom unit.
  • 203: 806.3 sq ft 2-bedroom unit.
  • 204: 807.3 sq ft 2-bedroom unit.

Property Details for 279 Baldwin Rd

Property type
Land

Location Insight

City
Hempstead
County
Nassau
State
New York
Latitude
40.6932917
Longitude
-73.6135397

FAQs

What type of property is this?
Land - 13-Unit Luxury Apartment Site, Approved
Where is the land located?
The property is located at 279 Baldwin Rd Hempstead, NY.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 101: 1,222.4 sq ft 2-bedroom duplex unit, encompassing both the first floor and basement.; 652 sq ft commercial space on the first floor, ideal for a community center.; 201: 824.3 sq ft 2-bedroom unit.
How can I contact the broker?
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279 Baldwin Rd
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