Income-Generating Retail
65 Deer Park Avenue Babylon, NY 11702
65 Deer Park Avenue, Babylon, NY, 11702
$1,300,000
For Sale
$1,300,000
SINGLE_FAMILY - Babylon, NY
Property Size5,025 SF
Lot Size0.17 Acres
Price / SF$258.71
Days on Market14
Property Features for 65 Deer Park Avenue
General Information
- Property type
- Residential
- Property subtype
- Retail
- Rooms
- Basement
- Parking features
- On Street, Off Street
- Basement
- Full
- Standard status
- Active
- APN
- 0102-010-00-04-00-013-000
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 28316
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Ductless, Wall/Window Unit(s), Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1925
- Number of units
- 7
- Building materials
- Block
Listing agency
Signature Premier Properties
(631) 422-3100
Listed by
Cheryl A. Messina
(516) 398-1689
Added: Jul 9 Updated: Jul 13 at 2:16PM Checked: Jul 22 at 9:06AM
MLS# 1024346
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This income-producing retail building at 65 Deer Park Avenue features approximately 5,025 square feet and is reported to be fully leased with (7) retail tenants. The property includes 6 parking spots, 8 bathrooms, and a full basement described as offering substantial storage. Additional building systems noted include 6 meters and 2 hot water tanks.
Public remarks indicate the building is positioned for high visibility and accessibility along Deer Park Avenue, supported by both foot and vehicular traffic. The property is listed as including #67 Deer Park Avenue as part of the building.
Operating expense items referenced in the remarks include taxes, insurance, electric/heat, and water, with annual expenses also described in connection with reported net operating income. Income and expense information is available upon request, and the remarks note additional Village taxes of $2,797.44.
Public remarks indicate the building is positioned for high visibility and accessibility along Deer Park Avenue, supported by both foot and vehicular traffic. The property is listed as including #67 Deer Park Avenue as part of the building.
Operating expense items referenced in the remarks include taxes, insurance, electric/heat, and water, with annual expenses also described in connection with reported net operating income. Income and expense information is available upon request, and the remarks note additional Village taxes of $2,797.44.
Key Highlights
- Approx. 5,025 SF commercial building on Deer Park Avenue with (7) retail tenants
- Income‑producing property with multiple tenancies; income and expense information available upon request
- Year built 1925; Block construction with full basement and lots of storage
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.8k | $33.60 |
| − Vacancy | −$7.6k | −$1.51 |
| EGI | $161.2k | $32.09 |
| − OpEx | −$48.4k | −$9.63 |
| NOI | $112.9k | $22.46 |
5,025 SF · lease $33.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,870 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,689 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kashi CBD
Specialty Food Shop
SHO’ NUFFS NOVELTY
Department Store
Renarde
Clothing & Fashion Store
Artsea Studio Inc.
Vocational School
The boutique loft
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Fully income-producing retail building with multiple tenants, off-street parking, and a full basement with storage.
Where is this retail space located?
The property is located at 65 Deer Park Avenue Babylon, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approx. 5,025 SF commercial building on Deer Park Avenue with (7) retail tenants; Income‑producing property with multiple tenancies; income and expense information available upon request; Year built 1925; Block construction with full basement and lots of storage
