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    232 Broadway Babylon, NY 11701

    Sponsored
    For Sale
    $2,200,000

    High-Income 5-Unit Property on Broadway

    Property size:
    5,600 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 232 Broadway

    General Information

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

    Building Details

    Year Built
    1966
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    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

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    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.
    (516) 783-5600
    Request Owner's contact information
    232 Broadway Babylon, NY 11701
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    Babylon, NY 11701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    232 Broadway Babylon, NY 11701
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