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232 Broadway Babylon, NY 11701

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For Sale
$2,200,000

High-Income 5-Unit Property on Broadway

Property size:
5,600 SF

Property Features for 232 Broadway

General Information

Property type
Other commercial real estate
Square Feet
5,600 SF

Building Details

Year Built
1966

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Listing Contact
Richard Matt Shane

Listing Agency: All Island Estates Realty Corp Listing Agent: Richard Matt Shane

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional 5,600 square foot mixed-use property in Babylon, NY, boasts a prime location on Broadway with 138+ feet of frontage. The fully occupied building features a diverse tenant mix including a nail salon, beauty parlor, diner, and two residential apartments (two 2-bedroom, 1-bathroom units), generating a substantial annual gross income of $213,600. The property includes 30 parking spaces, high ceilings (9 feet), updated LED lighting, a ramp for accessibility, sprinkler system, accessible bathrooms, and 200-amp power. Convenient curb cuts enhance accessibility. The strong tenant base and strategic location near the Amityville LIRR station and numerous national retailers (Starbucks, Mercedes-Benz, Target, Home Depot, and many more) ensure consistent cash flow. Annual expenses total $43,071.45, resulting in a strong net operating income (NOI) of $170,528.55, representing a 7.75% capitalization rate. This presents a remarkable investment opportunity with significant upside potential for both investors and developers. The property's size and location make it ideal for future expansion or redevelopment. This is a rare chance to acquire a high-performing, well-located commercial property in a thriving market.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Babylon
County
Suffolk County
State
New York
Longitude
-73.34301
Latitude
40.71621

FAQs

What type of property is this?
Commercial real estate - High-Income 5-Unit Property on Broadway
Where is this commercial real estate located?
The property is located at 232 Broadway Babylon, NY.
What is the asking price?
The asking price for this property is $2,200,000.
More about this property
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