240 Deer Park Avenue, Babylon, NY 11702
sale
$4,877,000
|
Single Family Attached
Courtesy Of Signature Premier Properties
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.
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Property Features
- Age: Over 50 Years Old
- Amenities: Security System
- Appliance: Range - Gas
- Appliance: Refrigerator
- Appliance: Range
- Architecture Style: Other
- Building Units: 14
- Cooling System: Window Unit(s)
- Cooling System: Multi Units
- Cooling System: Ductless
- Cooling System: Wall/Window Unit(s)
- Exterior Type: Brick
- Floor Covering: Vinyl
- Heating System: Baseboard
- Heating System: Natural Gas
- MLSID: 890433
- Parking Spaces: 14
- Rooms: Basement
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