860 Atlantic AveBaldwin, NY 11510

Property Details for 860 Atlantic Ave

Year built

1985

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.62 AC

Property size (Sq ft)

5,964 SF

Property type

Office buildings

APN

54-00N-00-4333

APU

5400N004333

Description

This exceptional investment opportunity presents a substantial office building situated at 860 Atlantic Avenue in Baldwin, New York. Priced at $3,000,000, this property boasts a prime location on a busy thoroughfare, ensuring high visibility and accessibility for tenants. The building sits on a one-acre lot, providing ample parking for employees and clients. This significant advantage is particularly attractive in a location with convenient access to public transportation, further enhancing its appeal to a wide range of potential tenants. The property's strong income generation potential makes it an ideal investment for those seeking a stable and profitable return. The substantial size of the parking lot is a key feature, addressing a common challenge in high-traffic areas. The building's location on a busy thoroughfare ensures high visibility and easy access, making it an attractive proposition for businesses seeking a prominent presence in the Baldwin community. Further details regarding the building's square footage and internal layout are available upon request. This is a rare opportunity to acquire a well-situated, income-producing office building in a thriving location. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $986,027

  6.5%

  $910,179

  7%

  $845,166

• Comparable approach

  Method

  Valuation

  Relative Method

  $779,256

  Geo Method

  $779,256

• Alternative Use

  Use

  Valuation

  Residential

  $1,128,622

  Hospitality

  $1,033,812

  Educational

  $860,119

  Medical

  $889,700

  Retail

  $1,337,963

Location Insight

City

Baldwin

County

Nassau

State

New York

Latitude

40.6386

Longitude

-73.6107

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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