688 Merrick Rd - Apartments FOR SALE


Baldwin, NY 11510
$1,650,000 USD
631-425-1233
688 Merrick Rd, Baldwin, NY for Sale
$1,650,000 USD
Apartments - FOR SALE
1/5
null | 4.66% Cap Rate

688 Merrick Rd
Baldwin, NY 11510


HIGHLIGHTS

  • Four Free-Market Two-Bedroom Townhomes
  • Condominium-Style Tax Lot Configuration Offers Future Unit-Level Optionality
  • ±8 On-Site Parking Spaces — Approximately Two Spaces Per Unit

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$296 USD /SF

# OF UNITS

4

PRICE/UNIT

$412,500

CAP RATE

4.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,796 SF

ZONING

Residence CA Zone

APN/PARCEL ID

2089-54-187-00-0253-UCA018500001

ASK ABOUT THIS PROPERTY

Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1233

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Daniel AbbondandoloCushman & WakefieldMore Info
631-425-1233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.