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    504 Fire Island Ave Babylon, NY 11702

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    For Sale
    $1,299,000

    Income-generating mixed-use property in Babylon Village with commercial and residential units.

    Lot size:
    0.23 Acres

    Property Features for 504 Fire Island Ave

    General Information

    Lot size
    0.23 Acres

    Source: The Agency Northshore NY Agent Nicholas Campasano

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

    Overview

    Babylon Village Mixed-Use Investment

    This mixed-use property is located in Babylon Village and features two commercial spaces on the first level, both leased through mid 2028. There are also two residential apartments above the commercial spaces. The first-floor apartment includes 2 bedrooms, while the second-floor apartment features 3 bedrooms. Additional income potential exists with two detached garages and 100 feet of rentable bulkhead. Tenants and the deli benefit from private off-street parking. The property is located in one of Long Island's downtowns. The taxes for the Town of Babylon are $16,649.85 and for Babylon Village are $1,918.35.
    Insight Report Location Intelligence

    Current Use by Public Records

    BlueWater Fresh Restaurant The Delica Sea Deli Hostess With The Mostess ... Caterer

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Babylon
    County
    Suffolk
    State
    New York
    Longitude
    -73.3189027
    Latitude
    40.685896

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    FAQs

    What type of property is this?
    Mixed-use property - Income-generating mixed-use property in Babylon Village with commercial and residential units.
    Where is this mixed-use property located?
    The property is located at 504 Fire Island Ave Babylon, NY.
    What is the asking price?
    The asking price for this property is $1,299,000.
    What are key features of this property?
    This property features: - Prime Babylon Village location.; - Two income-producing commercial spaces leased through mid 2028.; - Two residential apartments (2-bedroom and 3-bedroom) for additional income.
    (631) 848-6515
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    504 Fire Island Ave Babylon, NY 11702
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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
    504 Fire Island Ave Babylon, NY 11702
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