Project Description

Retail Building in West Babylon, New York

1054-1060 Little East Neck Road, West Babylon, NY

Executive Summary:

Price: $1,199,700
Building Size: 5,400 SF
Property Type: Freestanding Retail
Lot Size: 0.26 Acres
Year Built: 1954
Cap Rate: 6.73%
NOI: $80,720
Location:
1054-1060 Little East Neck Rd
West Babylon, NY 11704

Investment Highlights

  • Property is Currently 80% Occupied, Providing a Lease-Up Opportunity at Market Rents
  • Surrounded by Various Neighborhood Retail
  • Situated on a Signalized Intersection
  • Ample On-Site Parking for Customers
  • Located Near the Southern State Parkway and Sunrise Highway
  • Long Standing Tenants: Tenants at Location for Over 15 Years
  • Tenants Pay for All Other Expenses

About West Babylon, New York

West Babylon is a hamlet and census-designated place located in Suffolk County, Long Island, New York. It is within the Town of Babylon and the county seat is Riverhead. There are 7 Public Schools in West Babylon which has 5 Elementary Schools and 2 High Schools; the district has the best level of academic services and the valuable information needed to achieve educational, personal, and professional goals.

The area offers many unique shops, recreational areas, and fine restaurants which makes West Babylon a perfect place to live, work, and play. The community has more than 50 dining choices.

Pizzas, Seafood and Asian cuisine are common forms of ethnic food which dominate in the area. There are also many local bars where you can relax and be in comfort after a hard day at work.

Contact Broker

Ron Koenigsberg - Commercial Real Estate BrokerRon Koenigsberg, CCIM
President
Ron@aiprops.com
(O) 516.393.2300
(F) 516.390.5780

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