Medical Office Storefront with
For Sale
$950,000
Pending
209 Broadway, Babylon, NY 11701
Fully renovated medical storefront offers main-level exam rooms, a finished basement, and ADA-compliant access with an interior elevator.
Property Size1,875 SF
Days on Market74
Property Features for 209 Broadway
General Information
Standard status
Pending
Size
1,875 SF
Taxes and HOA fees
Annual Taxes
$12,851
Listing Agency:
Real Broker NY LLC
(855) 450-0442
Listed By:
Jennifer B. Ronzo E-PRO PSA SRS SR
(631) 553-7783
Source:
Exprealty
Added: Jun 25
Changed: Sep 5
Last Checked: Sep 6 at 9:52AM
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 Real Broker NY LLC
Investment Insights
Based on property information with market context.
This fully renovated medical and professional storefront is designed for immediate occupancy with no build-out required. The main level includes medical-grade space with 8+ exam-style rooms and two half bathrooms, supported by a thoughtfully configured layout. A fully finished basement adds additional usable rooms for exam or office use, with features including built-in sink/vanity, as well as staff-oriented space with sink/laundry and a dishwasher hookup.
The building received a full facade renovation and features an interior passenger elevator for accessibility, along with full ADA compliance. Front street parking and municipal rear parking are included. The property is positioned on Broadway with strong Route 110 visibility.
The overall configuration provides a true two-level professional environment, combining dedicated exam space and flexible lower-level rooms for operational expansion or specialization within a single building.
The building received a full facade renovation and features an interior passenger elevator for accessibility, along with full ADA compliance. Front street parking and municipal rear parking are included. The property is positioned on Broadway with strong Route 110 visibility.
The overall configuration provides a true two-level professional environment, combining dedicated exam space and flexible lower-level rooms for operational expansion or specialization within a single building.
Key Highlights
- Fully renovated medical and professional storefront at 209 Broadway with 1,875 SF of move‑in‑ready space on the main level
- Main level includes 8+ exam‑style rooms plus 2 half bathrooms, designed for immediate occupancy with no build‑out required
- Full finished basement adds additional exam and office rooms for expanded treatment, private offices, records storage, and staff areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,360
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$907,200
$907.2K
Cap Rate 7%
$648,000
$648.0K
Cap Rate 9%
$504,000
$504.0K
Market Conditions
NOI Build-Up for 1,875 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.0K $38.40/SF
− Vacancy
−$11.5K −$6.14/SF
EGI
$60.5K $32.26/SF
− OpEx
−$15.1K −$8.06/SF
NOI
$45.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$907,200
Cap Rate 7%
$648,000
Cap Rate 9%
$504,000
Alternative Uses
Best Use
Office B
$648.0K
$567.0K – $756.0K
NOI $45,360 @ 7.0% cap · market cap 4.77%
Second Best
Healthcare Medical
$412.5K
$361.0K – $481.3K
NOI $28,877 @ 7.0% cap · market cap 3.04%
Theoretical Best
Office A
$995.1K
$870.8K – $1.16M
NOI $69,660 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,550
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 11701, NY
27,831
Population
9,544
Households
2.9
Avg Household Size
41
Median Age
31%
College-Educated
87%
High-School Grad
4.6 sq mi
ZIP Area
6,050
Density / Sq Mi
$110,639
Median Household Income
$48,080
Median Earnings
$2,307
Median Rent
$489,000
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully renovated medical storefront offers main-level exam rooms, a finished basement, and ADA-compliant access with an interior elevator.
Where is this medical office space located?
The property is located at 209 Broadway Babylon, NY.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully renovated medical and professional storefront at 209 Broadway with 1,875 SF of move‑in‑ready space on the main level; Main level includes 8+ exam‑style rooms plus 2 half bathrooms, designed for immediate occupancy with no build‑out required; Full finished basement adds additional exam and office rooms for expanded treatment, private offices, records storage, and staff areas
