1523 Straight Path
About This Property
1523 Straight Path in Wyandanch falls within the designated Wyandanch Downtown Redevelopment Zoneand is governed by the specialized Form-Based Code (FBC) established by the Town of Babylon. The property is currently zoned WC (Walkability Center), which is the primary mixed-use and transit-oriented development classification for the area.
Where to find more information: To view the specific design requirements and permitted uses, you can check the Downtown Wyandanch and Straight Path Corridor Form-Based Code from the Town of Babylon. https://www.townofbabylonny.gov/DocumentCenter/View/50/51109_4_Appendix_C?bidId=
Master Plan Context: You can explore the broader goals of the area on the official Town of Babylon Wyandanch Rising page.
https://www.townofbabylonny.gov/893/Wyandanch-Rising
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2026 | Price Decreased |
$999,000
↓ $291K
(22.6%) | |
| Price Decreased | |||
| May 30, 2026 | Listed by Above Board Real Estate Inc | $1,290,000 | |
| Listed by Above Board Real Estate Inc | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017