240 Deer Park AVE new Save Request In-Person Tour Request Virtual Tour
Babylon,NY 11702
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 890433
Year Built 1905
Annual Tax Amount $75,654
Property Sub-Type Multi Family
Property Description
This prime mixed-use investment property is strategically located at the high-traffic intersection of Deer Park Avenue & Railroad Avenue in the heart of Babylon Village, directly across from the train station with express service to Manhattan. The offering consists of two attached buildings on a single deeded lot, featuring a diverse mix of residential and retail tenants, along with a separately deeded private parking lot with 14 dedicated spaces, a rare and highly sought after amenity in this bustling downtown location. Building 1: A three story structure with eight residential apartments (4 two-bedroom & 4 One-bedroom) and two ground floor retail spaces. Building 2: A one-story structure with four retail spaces, maximizing street-level visibility and foot traffic. Each unit is separately metered for electric & gas, ensuring ease of management & tenant responsibility for utilities. Six of the eight apartments have been fully renovated, while Apartment #1 and Apartment #7 remain in original condition with under market rents, they offer additional value-add potential. The property is sewer connected and gas serviced, with three grease traps in place to accommodate restaurant or food service tenants.
Location
State NY
County Suffolk County
Interior
Heating Baseboard,Natural Gas
Cooling Ductless,Wall/Window Unit(s)
Flooring Vinyl
Exterior
Parking Features Parking Lot
Utilities Available Sewer Connected,Water Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
High Schools Babylon
School District Babylon
Others
Special Listing Condition None