Medical Office with Basement
For Sale
$2,999,000
179 Little East Neck Road, Babylon, NY 11702
Commercial Sale, Babylon, NY
Property Size5,600 SF
Lot Size0.57 Acres
Price / SF$535.54
Days on Market1694
Property Features for 179 Little East Neck Road
General Information
Property type
Commercial Sale
Property subtype
Office
Directions
109E/Babylon Farmingdale Rd/Little E Neck Rd
Standard status
Active
APN
0102-008-00-03-00-023-001
Lot size
0.57 Acres
Taxes and HOA fees
Tax Annual Amount
23169
Amenities
elevator access to basement
Listing Agency:
Douglas Elliman Real Estate
(516) 746-0440
Listed By:
F Sibel S. Huryilmaz · License #40HU0955821
(516) 650-2966
Added: Mar 14, 2022
Changed: Oct 19
Last Checked: Nov 1 at 7:06AM
MLS# L3383079
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding commercial building contains approximately 5,600 square feet on a 24,829-square-foot lot, equivalent to 0.57 acres. Elevator access serves the basement, and on-site parking is available. The property is identified as medical office space, with the source also noting potential for professional offices, retail, personal services, restaurants, and other consumer-facing businesses.
The building is on Little East Neck Road in Babylon, within a high-traffic commercial area with exposure from surrounding roadways.
The building is on Little East Neck Road in Babylon, within a high-traffic commercial area with exposure from surrounding roadways.
Key Highlights
- Approximately 5,600 square feet in a freestanding building
- Lot measures 24,829 square feet, or 0.57 acres
- Elevator access to the basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$135,475
Cap Rate
4.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,709,500
$2.7M
Cap Rate 7%
$1,935,357
$1.9M
Cap Rate 9%
$1,505,278
$1.5M
Market Conditions
NOI Build-Up for 5,600 SF
Gross rent
$215.0K $38.40/SF
− Vacancy
−$34.4K −$6.14/SF
EGI
$180.6K $32.26/SF
− OpEx
−$45.2K −$8.06/SF
NOI
$135.5K $24.19/SF
Area
Babylon, NY
Vacancy
16.00%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,709,500
Cap Rate 7%
$1,935,357
Cap Rate 9%
$1,505,278
Alternative Uses
Best Use
Office B
$1.94M
$1.69M – $2.26M
NOI $135,475 @ 7.0% cap · market cap 4.52%
Second Best
Healthcare Medical
$1.23M
$1.08M – $1.44M
NOI $86,244 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $208,051 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
981
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11702, NY
14,580
Population
5,939
Households
2.5
Avg Household Size
43
Median Age
53%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
1,268
Density / Sq Mi
$136,711
Median Household Income
$66,898
Median Earnings
$2,369
Median Rent
$598,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- West Babylon Animal Hospital — 81 Arnold Ave, West Babylon, NY 11704
Frequently Asked Questions
What type of property is this?
Medical Office Space - The freestanding building offers elevator access to its basement and on-site parking.
Where is this medical office space located?
The property is located at 179 Little East Neck Road Babylon, NY.
What is the asking price?
The asking price for this property is $2,999,000.
What are key features of this property?
This property features: Approximately 5,600 square feet in a freestanding building; Lot measures 24,829 square feet, or 0.57 acres; Elevator access to the basement
