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Apple Bank
8 Little East Neck Rd, Babylon, NY
Property Information
Price Summary
$ 3,257,000
Cap Rate
5.23 %
NOI
$ 170,500
Total Lot Size
0.69 Acres
Building Size
3,845 SF
Property Highlights
- Apple Bank in the Heart of Babylon’s Commercial District
- With 10+ Years Remaining on Current Term
- Built-In 10% Rent Increases Every 4 Years Through the Remaining Primary Term, Plus Two 5‑Year Renewal Options at 95% of Fair Market Value
- Corner Location at a Signalized Intersection of Montauk Hwy and Little East Neck Rd With Combined Traffic Counts of Nearly 38,000 VPD
- Dense 5-Mile Trade Area With 255,000+ Residents, Surrounded by Numerous High-Density Apartment Complexes and Single-Family Neighborhoods in the Immediate Area
- Affluent 5-Mile Community Surrounding Subject Property With $152K+ Average Household Income
- Proximity to Major Retail, Services, and Transit Routes Enhancing Long‑Term Property Value
- High‑Barrier‑to‑Entry Long Island Market With Limited Supply of Quality Retail Assets
- Apple Bank
- 8 Little East Neck Rd, Babylon, NY 11702
Point of Contact
Vincent Ferro
Associate
In cooperation with Brian Brockman at Bang Realty-New York Inc | NY #10311208985 | bor@bangrealty.com | (513) 898-1551
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