Waterfront Restaurant
For Sale
$999,000
444 Fire Island Avenue, Babylon, NY 11702
The existing structure requires rehabilitation and is near Babylon Village’s marina and boating community.
Property Size1,450 SF
Price / SF$688.97
Days on Market235
Property Features for 444 Fire Island Avenue
General Information
Standard status
Active
Size
1,450 SF
Total Parking Spaces
15
Property subtype
Commercial
Property Condition
Severity
Repairs Needed
Evidence
requires rehabilitation
Taxes and HOA fees
Annual Taxes
$31,048
Building Details
Building Size
1,450 SF
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker American Homes
(516) 864-8100
Listed By:
Sajid H. Saadi
(631) 455-4780
Source:
Croninreale
Added: Mar 5
Changed: Oct 25
Last Checked: Oct 26 at 3:55AM
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 Coldwell Banker American Homes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 444 Fire Island Avenue in Babylon, this waterfront restaurant property includes an existing building that requires rehabilitation. The site formerly housed Pier 44 Restaurant, which operated for more than three decades as a seafood and American dining destination overlooking the Great South Bay.
The property is near the Babylon Village marina and an active boating community, with a waterfront setting on the Great South Bay.
The property is near the Babylon Village marina and an active boating community, with a waterfront setting on the Great South Bay.
Key Highlights
- Waterfront setting on the Great South Bay
- Former restaurant operated for more than three decades
- Existing building requires rehabilitation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,584
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,680
$751.7K
Cap Rate 7%
$536,914
$536.9K
Cap Rate 9%
$417,600
$417.6K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$52.2K $36.00/SF
− Vacancy
−$2.1K −$1.44/SF
EGI
$50.1K $34.56/SF
− OpEx
−$12.5K −$8.64/SF
NOI
$37.6K $25.92/SF
Area
Babylon, NY
Vacancy
4.00%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$751,680
Cap Rate 7%
$536,914
Cap Rate 9%
$417,600
Alternative Uses
Best Use
Specialty Retail
$536.9K
$469.8K – $626.4K
NOI $37,584 @ 7.0% cap · market cap 3.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.6K
$673.4K – $897.8K
NOI $53,870 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
109
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 Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - The existing structure requires rehabilitation and is near Babylon Village’s marina and boating community.
Where is this conventional restaurant located?
The property is located at 444 Fire Island Avenue Babylon, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Waterfront setting on the Great South Bay; Former restaurant operated for more than three decades; Existing building requires rehabilitation
