Apple Bank in Babylon,
For Sale
Contact for pricing
8 Little East Neck Rd, Babylon, NY 11702
Commercial District corner location with over 10 years remaining.
Property Size3,845 SF
Price / SF$847.07
Days on Market192
Property Features for 8 Little East Neck Rd
General Information
Standard status
Active
Size
3,845 SF
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$170,500
Building Details
Year Built
2003
Tenancy
Single
Listing Agency:
Trinity Real Estate Investment Services
Listed By:
Vincent Ferro · License #TX 841471
Source:
Crexi
Added: Mar 27
Changed: Sep 17
Last Checked: Oct 2 at 8:35PM
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 Trinity Real Estate Investment Services
Investment Insights
Based on property information with market context.
This property presents the opportunity to acquire an Apple Bank in Babylon, NY. Situated in the heart of Babylon’s Commercial District, the property occupies a prime corner location at the signalized intersection of Montauk Hwy and Little East Neck Rd. The current lease term has over 10 years remaining. The property size is 3,845 square feet.
Key Highlights
- Prime corner location in the heart of Babylon's Commercial District
- Located at a signalized intersection of Montauk Hwy and Little East Neck Rd
- Over 10 years remaining on the current lease term
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
$99,662
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
3.06%
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%
$1,993,240
$2.0M
Cap Rate 7%
$1,423,743
$1.4M
Cap Rate 9%
$1,107,356
$1.1M
Market Conditions
NOI Build-Up for 3,845 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
$138.4K $36.00/SF
− Vacancy
−$5.5K −$1.44/SF
EGI
$132.9K $34.56/SF
− OpEx
−$33.2K −$8.64/SF
NOI
$99.7K $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 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%
$1,993,240
Cap Rate 7%
$1,423,743
Cap Rate 9%
$1,107,356
Alternative Uses
Best Use
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,662 @ 7.0% cap · market cap 3.06%
Second Best
Retail
$1.23M
$1.08M – $1.44M
NOI $86,365 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,849 @ 7.0% cap · market cap 4.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,467
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Bank - Commercial District corner location with over 10 years remaining.
Where is this bank located?
The property is located at 8 Little East Neck Rd Babylon, NY.
What is the asking price?
The asking price for this property is $3,257,000.
What are key features of this property?
This property features: Prime corner location in the heart of Babylon's Commercial District; Located at a signalized intersection of Montauk Hwy and Little East Neck Rd; Over 10 years remaining on the current lease term
