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    FOR SALE
    Manufacturing properties

    300 Babylon Tpke, Roosevelt, NY 11575

    16,230 SF 0.94 ac lot Built 1958
    Entity Owned 6-yr Hold ~ Est. High Equity
    Property ID
    US63-0271772
    Property summary
    AI-generated overview

    This exceptional 16,000-square-foot industrial property, located at 300 Babylon Turnpike in Roosevelt, New York, presents a compelling investment opportunity. Boasting ample space, this well-constructed building is ideally situated near major transportation arteries, including the Sunrise Highway and Southern State Parkway, providing convenient access to regional distribution networks. Its proximity to John F. Kennedy International Airport (within 20 minutes) further enhances its logistical advantages. The property has undergone recent updates, ensuring modern functionality and efficiency. A significant feature is the robust electrical system, equipped with 600 amps of power, catering to a wide range of industrial operations. The substantial building size, coupled with its strategic location and upgraded infrastructure, makes this property exceptionally well-suited for a variety of industrial uses. The property is offered at $7,490,000. Serious inquiries are encouraged to explore the full potential of this exceptional industrial asset. This is a rare opportunity to acquire a well-maintained, strategically located industrial building with significant power capacity and convenient access to major transportation routes and JFK Airport. Don't miss out on this chance to secure a prime industrial property in a thriving location.

    Property profile
    Verified
    Property type Manufacturing properties
    Use group MANUFACTURING (LIGHT)
    Year built 1958
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 16,230 SF
    Lot 0.94 ac (40,816 SF)
    APN 55-338-00-0137
    UPID US63-0271772
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Eurasia Stones Industrial Manufacturer Production Facility
    • Stone Shop FABCENTER Building Supply Hardware & Home Improvement
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $3.58M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.68M
    Owner & transaction history
    New Castle LLC · 6 yrs held
    New Castle LLC
    since 2019
    5 recorded transactions
    2019
    $2.3M
    2019
    2015
    $650,000
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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