Multi-Tenant Retail
65 Deer Park Avenue Babylon, NY 11702
65 Deer Park Avenue, Babylon, NY, 11702
$1,300,000
For Sale
$1,300,000
Income-producing retail building with seven tenants, a full basement, and six parking spots.
Property Size5,025 SF
Price / SF$258.71
Days on Market8
Property Features for 65 Deer Park Avenue
General Information
- Standard status
- Active
- Size
- 5,025 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1925
Listing Agency
SIGNATURE PREMIER PROPERTIES
(631) 422-3100
Listed by
CHERYL A. MESSINA
Source
Corcoran
Added: Jul 10 Checked: Jul 16 at 3:56 am
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 SIGNATURE PREMIER PROPERTIES
Investment Insights
Based on property information with market context.
This is a fully income-producing multi-tenant retail building offering space for seven retail tenants. The property includes a full basement and additional storage, with eight bathrooms and seven tenants in place. Building systems noted include six meters and two hot water tanks.
The property is located at 65 Deer Park Avenue in Babylon, NY, and includes part of the building identified as #67 Deer Park Avenue. The listing states the site benefits from high visibility, with foot and vehicular traffic and accessibility.
On-site parking is identified as six parking spots. Additional reported expenses include taxes, insurance, electric/heat, and water. Income and expense details are available upon request.
The property is located at 65 Deer Park Avenue in Babylon, NY, and includes part of the building identified as #67 Deer Park Avenue. The listing states the site benefits from high visibility, with foot and vehicular traffic and accessibility.
On-site parking is identified as six parking spots. Additional reported expenses include taxes, insurance, electric/heat, and water. Income and expense details are available upon request.
Key Highlights
- Approx. 5,025 SF commercial retail building built in 1925, fully income‑producing with 7 retail tenants
- 6 parking spots and high tenant‑ready amenities including 8 bathrooms and lots of storage
- Full basement with additional storage space
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.8k | $33.60 |
| − Vacancy | −$7.6k | −$1.51 |
| EGI | $161.2k | $32.09 |
| − OpEx | −$48.4k | −$9.63 |
| NOI | $112.9k | $22.46 |
5,025 SF · lease $33.60/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.61M
$1.41M – $1.88M
NOI $112,870 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M
NOI $186,689 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Kashi CBD
Specialty Food Shop
SHO’ NUFFS NOVELTY
Department Store
Renarde
Clothing & Fashion Store
Artsea Studio Inc.
Vocational School
The boutique loft
Clothing & Fashion Store
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Income-producing retail building with seven tenants, a full basement, and six parking spots.
Where is this retail space located?
The property is located at 65 Deer Park Avenue Babylon, NY.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approx. 5,025 SF commercial retail building built in 1925, fully income‑producing with 7 retail tenants; 6 parking spots and high tenant‑ready amenities including 8 bathrooms and lots of storage; Full basement with additional storage space
