Income-Generating Retail Building

65 Deer Park Avenue Babylon, NY 11702

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

SINGLE_FAMILY - Babylon, NY

Type:Retail
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
Property subtype
Retail
Rooms
Basement
Parking features
Off Street, On 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
Window Unit(s), Ductless, Wall/Window Unit(s)
Water source
Public

Building Details

Year built
1925
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# 1024346

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 retail building at 65 Deer Park Avenue features approximately 5,025 square feet and is reported to be fully leased with (7) retail tenants. The property includes 6 parking spots, 8 bathrooms, and a full basement described as offering substantial storage. Additional building systems noted include 6 meters and 2 hot water tanks.

Public remarks indicate the building is positioned for high visibility and accessibility along Deer Park Avenue, supported by both foot and vehicular traffic. The property is listed as including #67 Deer Park Avenue as part of the building.

Operating expense items referenced in the remarks include taxes, insurance, electric/heat, and water, with annual expenses also described in connection with reported net operating income. Income and expense information is available upon request, and the remarks note additional Village taxes of $2,797.44.

Key Highlights

  • Approx. 5,025 SF commercial building on Deer Park Avenue with (7) retail tenants
  • Income‑producing property with multiple tenancies; income and expense information available upon request
  • Year built 1925; Block construction with full basement and lots of storage

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 (±1% cap)
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 (±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?
Retail space - Fully income-producing retail building with multiple tenants, off-street parking, and a full basement with storage.
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 building on Deer Park Avenue with (7) retail tenants; Income‑producing property with multiple tenancies; income and expense information available upon request; Year built 1925; Block construction with full basement and lots of storage
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