Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Apple Bank in Babylon, NY Title is generated by Realmo AI

    8 Little East Neck Rd, Babylon, NY 11702

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial District corner location with over 10 years remaining.

    Type:Retail
    Property size:
    3,845 SF
    Price / SF:
    $949/SF
    Added:
    Mar 18, 2026
    Days on Market:
    58
    Last Refresh:
    Mar 20 at 12:16 am

    Property Features for 8 Little East Neck Rd

    General Information

    Standard status
    Active
    Size
    3,845 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2003

    We can help!

    Listing Contact
    Vincent Ferro

    Listing agent Vincent Ferro License #TX 841471

    Listing office Trinity Real Estate Investment Services

    Listing date Mar 18, 2026

    Source Crexi

    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

    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
    • Tenant is Apple Bank
    • Built in 2003
    • Investment property opportunity

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Apple Bank ATM Atm Apple Bank Bank Louis Ruscito Accounting Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Babylon
    County
    Suffolk
    State
    New York
    Longitude
    -73.334346
    Latitude
    40.693214

    Nearby Similar for Sale

    • $219,000
      627 SF

      Babylon Office Space Opportunity

      Prime office space in Babylon Village, awaiting your creative touch.
      454 Deer Park Avenue, Babylon, NY 11702
      View Details
    • $1,100,000

      Babylon Village Professional/Medical Opportunity

      Free-standing building in Babylon Village suitable for medical or professional use.
      60 Little East Neck Road, Babylon, NY 11702
      View Details
    • $1,100,000

      Babylon Village Office/Medical Building

      Free-standing building in Babylon Village suitable for medical or professional use.
      60 Little East Neck Rd, Babylon, NY 11702
      View Details
    • $1,150,000

      Babylon Village Mixed-Use Investment

      Income-generating property with commercial and residential units in Babylon Village.
      504 Fire Island Ave, Babylon, NY 11702
      View Details
    • $2,500,000
      5,000 SF

      Retail Property in Babylon, NY

      Retail property available for sale in Babylon, New York.
      458 Fire Island Ave, Babylon, NY
      View Details
    • Contact for pricing
      5,200 SF

      Babylon Flex Space For Lease

      High-end office-warehouse flex space available for lease.
      65 John St, Babylon, NY
      View Details
    • $3,995,000
      14,623 SF

      Industrial Buildings on 1.15 Acres

      Two industrial buildings totaling 14,623 SF on 1.15 acres.
      185 NY-109, West Babylon, NY 11704
      View Details
    • $3,499,000

      Babylon Investment Property For Sale

      Triple net lease, 100% occupied commercial property with parking.
      179 Little East Neck Road, Babylon, NY 11702
      View Details

    FAQs

    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 $3,650,000.
    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
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Vincent Ferro
    Real Estate License ID: TX 841471
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8 Little East Neck Rd, Babylon, NY 11702
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!