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504 Fire Island Ave 5,801 SF 100% Leased Flex Building Babylon, NY 11702 $899,999 ($155.15/SF) 8.70% Cap Rate
Executive Summary
Mixed-Use Investment Opportunity in the Heart of Babylon Village!
Prime Babylon Village location featuring income-producing commercial spaces on the first level—both leased through mid 2029—plus two residential apartments. The first-floor apartment offers 2 bedrooms, while the second floor features a spacious 3-bedroom unit. Additional income potential with two detached garages and 100 feet of rentable bulkhead.
Tenants and deli enjoy private off-street parking, a rare convenience in the Village.
Taxes:
Town of Babylon: $16,649.85
Babylon Village: $1,918.35
An exceptional opportunity to own a well-maintained, income-generating property in one of Long Island’s most desirable downtowns!
Prime Babylon Village location featuring income-producing commercial spaces on the first level—both leased through mid 2029—plus two residential apartments. The first-floor apartment offers 2 bedrooms, while the second floor features a spacious 3-bedroom unit. Additional income potential with two detached garages and 100 feet of rentable bulkhead.
Tenants and deli enjoy private off-street parking, a rare convenience in the Village.
Taxes:
Town of Babylon: $16,649.85
Babylon Village: $1,918.35
An exceptional opportunity to own a well-maintained, income-generating property in one of Long Island’s most desirable downtowns!
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$125,451
|
$21.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$125,451
|
$21.63
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$47,127
|
$8.12
|
| Net Operating Income |
$78,324
|
$13.50
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $125,451 |
| Annual Per SF | $21.63 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $125,451 |
| Annual Per SF | $21.63 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $47,127 |
| Annual Per SF | $8.12 |
| Net Operating Income | |
|---|---|
| Annual | $78,324 |
| Annual Per SF | $13.50 |
Property Facts
| Price | $899,999 | Lot Size | 0.24 AC |
| Price Per SF | $155.15 | Rentable Building Area | 5,801 SF |
| Sale Type | Investment or Owner User | No. Stories | 2 |
| Cap Rate | 8.70% | Year Built | 1945 |
| Property Type | Flex |
| Price | $899,999 |
| Price Per SF | $155.15 |
| Sale Type | Investment or Owner User |
| Cap Rate | 8.70% |
| Property Type | Flex |
| Lot Size | 0.24 AC |
| Rentable Building Area | 5,801 SF |
| No. Stories | 2 |
| Year Built | 1945 |
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Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0102-019-00-02-00-023-001 | Improvements Assessment | $4,080 (2025) |
| Land Assessment | $880 (2025) | Total Assessment | $4,960 (2025) |
Property Taxes
Parcel Number
0102-019-00-02-00-023-001
Land Assessment
$880 (2025)
Improvements Assessment
$4,080 (2025)
Total Assessment
$4,960 (2025)
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504 Fire Island Ave