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Victorian Home on Large Lot
For Sale
$1,750,000

38 Park Ave, Babylon, NY 11702

Two-family home with potential for additional rental units.

Property SizeContact for details
Lot Size0.42 Acres
Days on Market622

Property Features for 38 Park Ave

General Information

Standard status Active
Lot size 0.42 Acres

Taxes and HOA fees

Annual Taxes $10,197
Listing Agency: Blue Island Homes NY LLC
Listed By: Jonathan Schuman
Source: Exprealty
Added: Nov 25, 2024 Changed: Aug 8 Last Checked: Jul 16 at 10:15PM

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 Blue Island Homes NY LLC

Investment Insights

Based on property information with market context.

This Victorian-style home is currently configured as a two-family residence, featuring a total of 6 bedrooms and 2 bathrooms. Each level contains 3 bedrooms and 1 bathroom. The property is situated on a 0.42-acre lot, which is equivalent to 18,711 square feet. The location offers convenient access to nearby restaurants, shops, and dining establishments. The property has the potential for constructing additional rental units, although prospective purchasers are responsible for independently verifying all information regarding the property and its potential.

Key Highlights

  • Large 0.42 Acre Lot (18,711 Sq Ft)
  • Potential for Building Additional Rental Units (Purchaser To Verify)
  • Currently configured as a 6 Bedroom/2 Bathroom Two‑Family Home

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Travel Agency Veterinary Clinic Parking Lot & Garage Nursing Home

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,416
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - Two-family home with potential for additional rental units.
Where is this residential land & home lot located?
The property is located at 38 Park Ave Babylon, NY.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Large 0.42 Acre Lot (18,711 Sq Ft); Potential for Building Additional Rental Units (Purchaser To Verify); Currently configured as a 6 Bedroom/2 Bathroom Two‑Family Home
More about this property
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