For Sale
$799,000

1026 Little East Neck Rd Babylon, NY 11704

High-Yield Retail Building, Excellent NOI

Overview

Added:
Feb 3
Days on market:
80
This exceptional Babylon, NY retail property boasts 3,100 square feet of rentable space, currently generating a substantial annual income of $76,800. The property's strong financial performance is underscored by a Net Operating Income (NOI) of $52,100, demonstrating a solid return on investment. Annual property taxes are $19,000, contributing to a compelling 6.5% capitalization rate. Located at 1026 Little East Neck Rd, this well-maintained building presents a rare opportunity for investors seeking a consistent income stream with significant potential for growth. The property's prime location in Babylon, NY, ensures high visibility and accessibility, making it an attractive proposition for a variety of retail businesses. This turnkey investment offers a blend of established income and future upside, making it an ideal addition to any diversified portfolio. The property sits on a 0-acre lot and is ready for immediate ownership. Its current rental income stream provides immediate cash flow, minimizing vacancy risk and maximizing return. This is a truly exceptional opportunity to acquire a high-performing commercial property in a desirable location.

Property Details for 1026 Little East Neck Rd

Property type
Retail properties
Square Feet
3,100 SF
Year Built
1951

Location Insight

City
Babylon
County
Suffolk County
State
New York
Latitude
40.72419
Longitude
-73.35941

FAQs

What type of property is this?
Retail property - High-Yield Retail Building, Excellent NOI
Where is the retail property located?
The property is located at 1026 Little East Neck Rd Babylon, NY.
What is the asking price?
The asking price for this property is $799,000.
How can I contact the broker?
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1026 Little East Neck Rd
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