Multifamily Income Property with Parking

65 Deer Park Avenue Babylon, NY 11702

Claim this Listing
New
For Sale
$1,300,000

MULTI_FAMILY - Babylon, NY

Property size:
5,025 SF
Lot size:
0.17 Acres
Price / SF:
$258/SF
Added:
Jul 9, 2026
Days on Market:
3
Last Refresh:
Jul 11 at 4:06 am

Property Features for 65 Deer Park Avenue

General Information

Property type
Residential Multi Family
Property subtype
Other
Rooms
Basement
Parking features
On Street, Off Street
Basement
Full
Standard status
Active
APN
0102-010-00-04-00-013-000
Lot size
0.17 Acres

Taxes and HOA fees

Tax Year
2026
Tax Annual Amount
28316

Utilities

Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Wall/Window Unit(s), Window Unit(s), Ductless
Water source
Public

Building Details

Year built
1929
Number of units
7
Building materials
Block

Listing agent Cheryl A. Messina

Listing office Signature Premier Properties 126 W Main St, Huntington, NY

Listing date Jul 9, 2026

MLS# 1024234

Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This income-producing multifamily property is approximately 5,025 square feet and is currently fully occupied by seven tenants. The building includes eight bathrooms and provides six parking spaces for tenants or guests. The listing notes that income and expense information is available upon request, with annual expenses including taxes, insurance, electric/heat, and water.

Located at 65 Deer Park Avenue in Babylon, the property is described as having visibility and accessibility directly on Deer Park Avenue. The remarks also note that there are additional Village Taxes of $2,797.44.

#67 Deer Park Avenue is part of the building.

Key Highlights

  • Approximately 5,025 sq ft commercial building on Deer Park Avenue (#67), built in 1929
  • Fully income‑producing with (7) tenants
  • Public water and public sewer connection

Local Financial Insights For Apartment 5plus

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 $144.7k $28.80
− Vacancy −$7.2k −$1.44
EGI $137.5k $27.36
− OpEx −$61.9k −$12.31
NOI $75.6k $15.05
5,025 SF · lease $28.80/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.08M
$945.2K – $1.26M (±1% cap)
NOI $75,616 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.67M
$2.33M – $3.11M (±1% cap)
NOI $186,689 @ 7.0% cap · market cap 14.36%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile 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

Suggested Use

Auto Parts Store (Bike/Boat/Book/etc) Store Furniture & Home Goods Carpet & Flooring Store Garden Center Hotel & Motel (Bike/Boat/Book/etc) Store Parking Lot & Garage Barber Shop Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Apartment building - Income-producing multifamily building on Deer Park Avenue with 7 tenants and six parking spaces.
Where is this apartment building 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: Approximately 5,025 sq ft commercial building on Deer Park Avenue (#67), built in 1929; Fully income‑producing with (7) tenants; Public water and public sewer connection
Contact an agent
More about this property
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