Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20 Cormack Ct Babylon, NY 11702

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $12 SF/Yr

    Sun-filled, renovated 1-bedroom apartment with modern amenities and convenient location.

    Type:Multi Family
    Added:
    Apr 14, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 14 at 2:40 pm

    Property Features for 20 Cormack Ct

    General Information

    Standard status
    Active
    Property subtype
    Multi Family

    Building Details

    Year Built
    1933

    We can help!

    Listing Contact
    Edward M. Kaleck

    Listing agent Edward M. Kaleck

    Listing office Eric G Ramsay Jr Assoc LLC

    Listing date Apr 14, 2026

    Source Elliman

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

    All listing content including descriptions, pricing, images are the copyrighted material of Eric G Ramsay Jr Assoc LLC

    Overview

    Renovated Apartment Near Babylon Village

    This sun-filled 1-bedroom apartment, located near Babylon Village, has been recently renovated with stylish updates. The home offers a bright, open feel and includes a washer and dryer. Pets are welcome. The property provides easy access to local shops, restaurants, and the Long Island Rail Road (LIRR). The bike score is 32, indicating it is somewhat bikeable, and the walk score is 33, suggesting car dependence.
    Location Intelligence

    Current Use by Public Records

    Residential income properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Babylon
    County
    Suffolk
    State
    New York
    Longitude
    -73.3225073
    Latitude
    40.69335

    Nearby Similar for Lease

    • Contact for pricing

      Office in Prime Babylon Location

      One-room office space available for rent in Babylon Village.
      206 E Main Street, Babylon, NY 11702
      View Details
    • Contact for pricing

      Babylon Office Space For Rent

      Office space for rent in the heart of Babylon.
      171 Deer Park Avenue, Babylon, NY 11702
      View Details
    • Contact for pricing

      Office Suite on Montauk Highway

      Well-maintained office suite in Copiague with excellent visibility.
      1272 Montauk Highway, Babylon, NY 11726
      View Details
    • Contact for pricing

      Warehouse Space on Montauk Highway

      Warehouse space for lease with excellent visibility and access.
      1272 Montauk Highway, Babylon, NY 11726
      View Details
    • Contact for pricing

      Babylon Warehouse with Highway Access

      Well-maintained warehouse suite with excellent location and ample space.
      1272 Montauk Highway, Babylon, NY 11726
      View Details
    • Contact for pricing

      Babylon Flex Space with Garage

      Well-maintained flex space with oversized garage door in Babylon, NY.
      1272 Montauk Highway, Babylon, NY 11726
      View Details
    • $15/mo

      Babylon Office Space For Rent

      Office space for lease in Babylon, New York.
      245 Rte 109, Babylon, NY
      View Details
    • Contact for pricing

      Renovated Apartment Near Babylon Village

      Sun-filled, renovated 1-bedroom apartment with modern amenities and convenient location.
      20 Cormack Court, Babylon, NY 11702
      View Details
    • Contact for pricing

      Functional Office Space in Babylon

      Second-floor office suite in Babylon's active village environment.
      171 Deer Park Ave, Babylon, NY 11702
      View Details
    • Contact for pricing

      Retail Pad Site Available

      Retail pad site with high traffic and great exposure.
      371 Little E Neck Rd, West Babylon, NY
      View Details
    • $25/mo

      Retail Space in West Babylon

      Retail space available in a busy West Babylon location.
      369 Little E Neck Rd, West Babylon, NY
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in North Babylon, NY.
      20 Deer Shore Square, North Babylon, NY 11703
      View Details

    FAQs

    What type of property is this?
    Residential income property - Sun-filled, renovated 1-bedroom apartment with modern amenities and convenient location.
    Where is this residential income property located?
    The property is located at 20 Cormack Ct Babylon, NY.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Recently renovated with stylish updates; Sun‑filled 1‑bedroom apartment; Washer/dryer in unit
    (516) 297-0171
    We can help!
    Listing Contact
    Edward M. Kaleck
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!