Legal Three-Family
443 Babylon Tpke, Freeport, NY 11520
For Sale
$909,900
Legal three-family configuration with substantial outdoor space and flexible occupancy potential.
Property Size2,992 SF
Lot Size0.52 Acres
Price / SF$304.11
Days on Market62
Property Features for 443 Babylon Tpke
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Listing Agency:
Espanol Realty Ltd
Listed By:
Nino Perdomo RSPS
(516) 857-4287
Source:
Exprealty
Added: Sep 9
Changed: Oct 25
Last Checked: Nov 8 at 8:37AM
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 Espanol Realty Ltd
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Investment Insights
Based on property information with market context.
This triplex at 443 Babylon Turnpike is configured for legal three-family use and contains approximately 2,992 square feet of building area. The property sits on an approximately 22,599-square-foot lot, or about 0.52 acres, with approximate dimensions of 100 feet by 226 feet. The scale of the parcel provides substantial outdoor area for a multifamily property.
The property is near shopping, transportation, schools, and major roadways in Freeport, New York. Its three-family designation supports a range of ownership and occupancy arrangements, including multifamily rental use, multigenerational living, or an owner-occupied setup with additional residential space.
The property is near shopping, transportation, schools, and major roadways in Freeport, New York. Its three-family designation supports a range of ownership and occupancy arrangements, including multifamily rental use, multigenerational living, or an owner-occupied setup with additional residential space.
Key Highlights
- Legal three‑family use
- Approximately 2,992 square feet of building area
- Approximately 22,599‑square‑foot lot, or 0.52 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,001
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,020
$1.1M
Cap Rate 7%
$814,300
$814.3K
Cap Rate 9%
$633,344
$633.3K
Market Conditions
NOI Build-Up for 2,992 SF
Gross rent
$86.2K $28.80/SF
− Vacancy
−$4.7K −$1.58/SF
EGI
$81.4K $27.22/SF
− OpEx
−$24.4K −$8.16/SF
NOI
$57.0K $19.05/SF
Area
Nassau County, NY
Vacancy
5.50%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,020
Cap Rate 7%
$814,300
Cap Rate 9%
$633,344
Alternative Uses
Best Use
Multifamily LT 5
$814.3K
$712.5K – $950.0K
NOI $57,001 @ 7.0% cap · market cap 6.26%
Second Best
Apartment 5plus
$762.4K
$667.1K – $889.5K
NOI $53,370 @ 7.0% cap · market cap 5.87%
Theoretical Best
Specialty Retail
$1.98M
$1.73M – $2.31M
NOI $138,477 @ 7.0% cap · market cap 15.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
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Business Placement
Demographics for 11520, NY
45,121
Population
14,912
Households
3
Avg Household Size
39
Median Age
27%
College-Educated
86%
High-School Grad
5.1 sq mi
ZIP Area
8,847
Density / Sq Mi
$119,407
Median Household Income
$47,475
Median Earnings
$1,984
Median Rent
$480,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-family configuration with substantial outdoor space and flexible occupancy potential.
Where is this triplex located?
The property is located at 443 Babylon Tpke Freeport, NY.
What is the asking price?
The asking price for this property is $909,900.
What are key features of this property?
This property features: Legal three‑family use; Approximately 2,992 square feet of building area; Approximately 22,599‑square‑foot lot, or 0.52 acres
