Back to Search
Property profile & analytics
FOR LEASE
Banks
375 Deer Park Ave Babylon, NY 11702
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US63-2584024
For Lease
1 / 13
$5,800/Mo
375 Deer Park Ave, Babylon, NY 11702
View Listing →
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1989
Total area
7,233 SF
Lot
0.69 ac (30,056 SF)
APN
0102-007.00-02.00-068.000
UPID
US63-2584024
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.62M
Owner & transaction history
Babylon Plaza Realty LLC · 1 yrs held
Babylon Plaza Realty LLC
since 2024
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.4M
+57.2%
Auto repair, garage
$2.7M
+21.3%
Commercial (general)
$2.3M
+3.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Babylon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Babylon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$2,190,000
Current use
OFFICE BUILDING
$3,445,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,660,000
Change: +21% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,275,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$2.62M
Range $2.36M – $2.88M · ±10% · vs last sale $2.63M (Aug 29 2024)
Last sale anchor
$2.63M
Aug 29 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$362 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$15,470
Assessed 2023
Previous assessed
$15,470
+0.0% YoY
Assessed land
$6,760
Assessed improvement
$8,710
Land market value
$377,654
Improvement market value
$486,592
Total market value
$864,246
Applied tax rate
472,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
For Lease
Year built
1989
Heating
NONE
Total area
7,233 SF
Lot
0.69 ac (30,056 SF)
APN
0102-007.00-02.00-068.000
UPID
US63-2584024
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$2.2M
OFFICE BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.7M
COMMERCIAL (GENERAL)
Est. value
$2.3M
FINANCIAL BUILDING Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
0.69 ac
Current owner
From public records · entity-resolved
Babylon Plaza Realty LLC
Entity
Mailing address
PO BOX 357, HUNTINGTON STATION, NY 11746-0291
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 29, 2024
$2,626,000
Babylon Plaza Realty LLC
Tb Management Group LLC
Deed
$1,230,000 · Ridgewood Savings Bank
Feb 15, 2018
—
Tb Managment Group LLC
—
Deed
related
$1,725,000 · Mariners Bk
Oct 23, 2017
—
Tb Management Group LLC
—
Deed
related
$125,000 · Mariners Bk
Jun 1, 2017
$2,275,000
Tb Management Group LLC
Dear Park Ave LLC
Grant Deed
$352,095 · Emerald Crk Cap
Jun 1, 2017
—
Tb Management Group LLC
—
Deed
related
$1,600,000 · Emerald Crk Cap 2 LLC
Jan 9, 2014
$1,800,000
Charles Lefkowitz
Simon Street Realty Corp
Grant Deed
related
—
Jan 9, 2014
—
375 Deer Park Ave LLC
Lefkowitz,charles
Grant Deed
related
$1,350,000 · Signature Bk
—
—
Tb Management Group LLC
—
Deed Of Trust
related
$125,000 · Mariners Bk
—
—
Tb Management Group LLC
—
Loan Modification, Consolidation And Extension
related
$1,600,000 · Emerald Crk Cap 2 LLC
—
—
Tb Managment Group LLC
—
Loan Modification, Consolidation And Extension
related
$1,725,000 · Mariners Bk
—
—
Tb Management Group LLC
—
Deed Of Trust
related
$1,725,000 · Mariners Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
