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65 Deer Park Ave 5,025 SF 100% Leased Retail Building Babylon, NY 11702 $1,300,000 ($258.71/SF) 6.46% Cap Rate
Investment Highlights
- High Foot and Vehicular Traffic. Village Location, Close to All Highways, Parkways, Stores, Restaurants.
- 7 Separate Units
- Lots of Natural Light. Storefront (2)
Executive Summary
Excellent investment opportunity in the heart of Babylon. This approximately 5,025 square-foot commercial building is fully income-producing property featuring (7) retail tenants and strong annual rental income. Ideally located on Deer Park Avenue with high visibility, foot traffic, vehicular traffic and accessibility, this property offers investors an established income stream with multiple tenancies. Annual expenses include taxes, insurance electric/heat and water resulting in an attractive net operating income and investment potential. This is a great opportunity to add a well-positioned commercial asset in a highly desirable Babylon location to your portfolio. Full basement. 6 Parking spaces, storage, 6 meters, 2 hot water tanks. Please do not disturb tenants. All appointments through listing Broker.
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$123,660
|
$24.61
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$123,660
|
$24.61
|
| Taxes |
$28,316
|
$5.64
|
| Operating Expenses |
$9,680
|
$1.93
|
| Total Expenses |
$37,996
|
$7.56
|
| Net Operating Income |
$85,664
|
$17.05
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $123,660 |
| Annual Per SF | $24.61 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $123,660 |
| Annual Per SF | $24.61 |
| Taxes | |
|---|---|
| Annual | $28,316 |
| Annual Per SF | $5.64 |
| Operating Expenses | |
|---|---|
| Annual | $9,680 |
| Annual Per SF | $1.93 |
| Total Expenses | |
|---|---|
| Annual | $37,996 |
| Annual Per SF | $7.56 |
| Net Operating Income | |
|---|---|
| Annual | $85,664 |
| Annual Per SF | $17.05 |
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Building Size
5,025 SF
Building Class
C
Year Built
1925
Price
$1,300,000
Price Per SF
$258.71
Cap Rate
6.46%
NOI
$83,980
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.82
Lot Size
0.14 AC
Zoning
Commercial/Retail/Office - Can be used for Retail/Office. Check local zoning for the possibility of potential apartments.
Frontage
49’ on Deer Park Avenue
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Kathleen's Hair Boutique
- Services
- -
- -
- -
- -
- Pilates Social Club
- Arts, Entertainment, and Recreation
- -
- -
- Single Net
- May 2027
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Kathleen's Hair Boutique | Services | - | - | - | - | |
| Pilates Social Club | Arts, Entertainment, and Recreation | - | - | Single Net | May 2027 |
Moderately walkable
70/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 0102-010-00-04-00-013-000 | Total Assessment | $8,370 |
| Land Assessment | $5,190 | Annual Taxes | $28,316 ($5.64/SF) |
| Improvements Assessment | $3,180 | Tax Year | 2025 |
Property Taxes
Parcel Number
0102-010-00-04-00-013-000
Land Assessment
$5,190
Improvements Assessment
$3,180
Total Assessment
$8,370
Annual Taxes
$28,316 ($5.64/SF)
Tax Year
2025
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65 Deer Park Ave