Renovated Mixed-Use
For Sale
$750,000
64 Broadway, Babylon, NY 11701
Gut-renovated office space with central air, rear parking, and a detached garage.
Property Size1,508 SF
Price / SF$497.35
Days on Market131
Property Features for 64 Broadway
General Information
Standard status
Active
Size
1,508 SF
Property subtype
Mixed Use
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$9,314
Amenities
Central Air
3
Building Details
Year Built
1904
Listing Agency:
NYONLINEREALTY.COM
(516) 695-7902
Listed By:
Carl Iacona
(516) 695-7902
Source:
Xome
Added: Apr 22
Changed: Aug 29
Last Checked: Aug 29 at 4:40PM
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 NYONLINEREALTY.COM
Investment Insights
Based on property information with market context.
This 1,508-square-foot mixed-use property is configured as professional office space following a full gut renovation completed one year ago. Improvements include new drywall, Durock soundproofing, updated electrical service, structural framing and reinforcements, wide-plank flooring imported from Germany, and new central heating and cooling systems. The building was formerly a two-family residence and may offer a pathway back to residential duplex use with proper approvals.
Positioned on Route 110/Broadway, the property provides direct exposure to a primary commercial roadway. Multiple rear parking spaces and a detached garage add on-site convenience for staff and visitors. The property is located within a Historic Zone designation, with zoning that allows commercial use or residential duplex use subject to approvals.
Positioned on Route 110/Broadway, the property provides direct exposure to a primary commercial roadway. Multiple rear parking spaces and a detached garage add on-site convenience for staff and visitors. The property is located within a Historic Zone designation, with zoning that allows commercial use or residential duplex use subject to approvals.
Key Highlights
- 1,508 SF mixed‑use property configured as professional office space
- Full gut renovation completed one year ago
- New central heating and cooling systems with updated electrical service
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
$36,482
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
4.86%
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%
$729,640
$729.6K
Cap Rate 7%
$521,171
$521.2K
Cap Rate 9%
$405,356
$405.4K
Market Conditions
NOI Build-Up for 1,508 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
$57.9K $38.40/SF
− Vacancy
−$9.3K −$6.14/SF
EGI
$48.6K $32.26/SF
− OpEx
−$12.2K −$8.06/SF
NOI
$36.5K $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%
$729,640
Cap Rate 7%
$521,171
Cap Rate 9%
$405,356
Alternative Uses
Best Use
Office B
$521.2K
$456.0K – $608.0K
NOI $36,482 @ 7.0% cap · market cap 4.86%
Second Best
Mixed Use
$386.5K
$338.2K – $450.9K
NOI $27,054 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$800.4K
$700.3K – $933.8K
NOI $56,025 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,320
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Gut-renovated office space with central air, rear parking, and a detached garage.
Where is this mixed-use property located?
The property is located at 64 Broadway Babylon, NY.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1,508 SF mixed‑use property configured as professional office space; Full gut renovation completed one year ago; New central heating and cooling systems with updated electrical service
