443 Babylon, Roosevelt, NY 11520

Building Details

Year Built 1924 More

Units 2 More

Listing Agency: Espanol Realty Ltd

Listed By: Nino Perdomo RSPS Show Phone

Source: Halknopfrealty

Added: Sep 9 Changed: Nov 10 Last Checked: Nov 13 at 12:57AM

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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.

Built in 1924, this legal three-family property contains approximately 2,992 square feet of building area. The site measures 22,599 square feet, or approximately 0.52 acres, with approximate dimensions of 100 feet by 226 feet.

The property is in Roosevelt, near shopping, transportation, schools, and major roadways.

Key Highlights

• Legal three‑family use
• Approximately 2,992 sq. ft. of building area
• 22,599 sq. ft. lot, approximately 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

Is this asking price fair?

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 (±1% cap)

NOI $57,001 @ 7.0% cap · market cap 6.26%

Second Best

Apartment 5plus

$762.4K

$667.1K – $889.5K (±1% cap)

NOI $53,370 @ 7.0% cap · market cap 5.87%

Theoretical Best

Specialty Retail

$1.98M

$1.73M – $2.31M (±1% cap)

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

Property Analytics

Lease Details

3

Residential units

Location Intelligence

Trade Area within ½ mile

633

Businesses Nearby

Explore this area 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

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

Frequently Asked Questions

What type of property is this?

Triplex - Legal three-family use offers a residential property with a flexible household configuration.

Where is this triplex located?

The property is located at 443 Babylon Roosevelt, 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 sq. ft. of building area; 22,599 sq. ft. lot, approximately 0.52 acres