Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Development Land Title is generated by Realmo AI

    66 Cedar Lane, Babylon, NY 11702

    View on Map
    Claim this Listing
    For Sale
    $4,500,000

    Waterfront land on a natural wide river with sandy beach and protected docking.

    Type:Land or Vacant Lot
    Lot size:
    3.98 Acres
    Added:
    Apr 22, 2025
    Days on Market:
    411
    Last Refresh:
    Jun 4 at 2:05 am

    Property Features for 66 Cedar Lane

    General Information

    Standard status
    Active
    Lot size
    3.98 Acres
    Property subtype
    Land or Vacant Lot

    We can help!

    Listing Contact
    IRENE D. LOCKEL CBR

    Listing agent IRENE D. LOCKEL CBR

    Listing office NETTER REAL ESTATE INC

    Listing date Apr 22, 2025

    Source Corcoran

    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 NETTER REAL ESTATE INC

    HighLights

    • 3.98‑acre waterfront property on Carll's River, a natural wide waterway
    • Sandy beach on the waterfront
    • Protected docking available on the property
    • Unobstructed western and sunset views over the river
    • About 1 mile to the Babylon R/R station
    • About 60 minutes to NYC and 60 minutes to Montauk Point; boat ride to Fire Island

    Overview

    This for-sale waterfront parcel offers 3.98 acres on Carll’s River, described as a natural, wide waterway. The property includes a sandy beach area and protected docking, creating a practical foundation for a private waterfront compound design. Unobstructed Western and sunset views are a highlighted feature of the site.

    Located at 66 Cedar Lane in Babylon, NY, the land is positioned moments from the Great South Bay. The public remarks also note convenient access to the Babylon R/R station, approximately one mile away, with stated travel times of about 60 minutes to NYC and 60 minutes to Montauk Point. A boat ride to Fire Island is also referenced.

    As a development-focused waterfront offering, the property may be well-suited for buyers looking to design and build a custom luxury lifestyle waterfront residence or compound around the existing beach and docking setup. The riverfront orientation and view potential support uses where outlook and outdoor living near the water are central to the concept. Prospective buyers should confirm all site details and development requirements through their own due diligence prior to planning.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    State
    New York
    Longitude
    -73.3261135
    Latitude
    40.6891518

    Nearby Similar for Sale

    • $1,100,000

      Babylon Village Professional/Medical Opportunity

      Free-standing building in Babylon Village suitable for medical or professional use.
      60 Little East Neck Road, Babylon, NY 11702
      View Details
    • $1,100,000

      Babylon Village Office/Medical Building

      Free-standing building in Babylon Village suitable for medical or professional use.
      60 Little East Neck Rd, Babylon, NY 11702
      View Details
    • $2,495,000
      12,775 SF

      Prime Office/Retail/Commercial Property

      Prestigious office space near shopping and LIRR.
      121 W Oak Street STE 1, Babylon, NY 11701
      View Details
    • $2,500,000
      5,000 SF

      Retail Property in Babylon, NY

      Retail property available for sale in Babylon, New York.
      458 Fire Island Ave, Babylon, NY
      View Details
    • $1,150,000

      Babylon Village Mixed-Use Investment

      Income-generating property with commercial and residential units in Babylon Village.
      504 Fire Island Ave, Babylon, NY 11702
      View Details
    • $4,500,000

      Waterfront Property on Carll's River

      3.98 acres of waterfront property on Carll's River.
      66 Cedar Lane, Babylon, NY 11702
      View Details
    • $325,000

      Bar and Restaurant with Private Parking

      Iconic Babylon Village bar and restaurant with extended hours and private parking available with long-term lease flexibility.
      470 Fire Island Avenue, Babylon, NY 11702
      View Details
    • $3,650,000
      3,845 SF

      Apple Bank in Babylon, NY

      Commercial District corner location with over 10 years remaining.
      8 Little East Neck Rd, Babylon, NY 11702
      View Details
    • Contact for pricing
      5,200 SF

      Babylon Flex Space For Lease

      High-end office-warehouse flex space available for lease.
      65 John St, Babylon, NY
      View Details
    • $3,499,000

      Babylon Investment Property For Sale

      Triple net lease, 100% occupied commercial property with parking.
      179 Little East Neck Road, Babylon, NY 11702
      View Details
    • $450,000

      Mixed-Use Opportunity on Route 42

      11.1-acre commercial parcel with residential potential on busy Route.
      State Ave, Babylon, NY
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land on a natural wide river with sandy beach and protected docking.
    Where is this waterfront land located?
    The property is located at 66 Cedar Lane Babylon, NY.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: 3.98‑acre waterfront property on Carll's River, a natural wide waterway; Sandy beach on the waterfront; Protected docking available on the property
    (631) 661-5100
    We can help!
    Listing Contact
    IRENE D. LOCKEL CBR
    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

    Thank You for Inquiry
    66 Cedar Lane, Babylon, NY 11702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!