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Babylon 11702 Babylon
2 Edward Avenue
$595,000
● House - Off Market

2 Edward Avenue

Babylon, NY 11702
bedrooms
3 Beds
bathrooms
2 Baths
$669,042
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

New to the market! Charming cape south of Montauk in Babylon Village! Close distance to the village, Babylon railroad and the Great South Bay. Newly renovated kitchen with granite countertops and stainless steel appliances. Radiant heating on the first floor and gas heating with a tankless coil system. New PVC fencing, newer roof and siding. Cozy covered patio perfect for sea breezes. Detached 1 car garage, In Ground Sprinklers. Come join an amazing neighborhood with a great sense of community. Star savings of $1,157., Additional information: Appearance:Diamond,Separate Hotwater Heater:YES
Unit Size
-
Days on Market
-
Land Size
0.12 acres
Price per sqft
-
Property Type
House
Property Taxes
$842
HOA Dues
-
Year Built
1911

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

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%.

How much can I actually make?

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.

How is cap rate calculated?

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.

Last updated: 5 months ago (OneKey MLS #KEYL3340580)

Price History

Date / Event Date Event Price
Nov 16, 2021 Sold
Premium
Sold
Sep 22, 2021 In contract -
In contract
Aug 23, 2021 Listed by Barone Realty $599,999
Listed by Barone Realty
Aug 22, 2021 No longer available -
No longer available

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1911
  • First Altered Year: 1990
  • Building Count: 1
  • Floor Count: 8
  • Total Unit Count: 80
  • Residential Unit Count: 80
  • Basement Type: 1

    Dimensions

  • Lot Area Sqft: 23,243
  • Lot Size Depth Feet: 307
  • Lot Size Frontage Feet: 230
  • Building Depth: 288
  • Building Frontage: 220
  • Gross Building Area: 167,821

    Building Floor Area

  • Residential Building Floor Area: 167,821

    Floor Area Ratio

  • Built Floor Area Ratio: 7
  • Residential Floor Area Ratio: 6
  • Facilities Floor Area Ratio: 7

Building

  • Building Type: D4
  • Lot Type: 1
  • Land Use: 03
  • Irregular Lot Code: Y
  • Proximity Code: 1
  • Extension Code: N

Neighborhood

  • Community District: 112
  • City Council District: 7
  • Historic District Name: Audubon Park Historic District
  • Police Precinct: 33
  • Fire Company: E084
  • Health Area: 610
  • Sanitation District Borough: 1
  • Sanitation Subsection: 1B
  • School District: 06

Zoning

  • Split Boundary Zone Indicator: N
  • Zoning: R8

Geography

  • Borough Name: MN
  • Borough Code: 1
  • Block: 2134
  • Lot: 195
  • Borough Block Lot: 1021340195

    Address

  • Full Address: 800 Riverside Drive
  • Zip Code: 10032

Valuation

    Assessments Valuation

  • Assessed Total Value: $7,772,400
  • Assessed Land Value: $999,900

    Exemptions

  • Exempt Total Value: $7,772,400
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Babylon

Stats & Trends

Median Asking:

$795,000

Sale Price/ft²

$506

Below Asking

0.01%

Average Days on Market

85

Average Home Size

1959 ft²

Average Home Age

66.9 years

Currently For Sale

19 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 11 Park Avenue, Babylon, NY, 11702

$3,000 /mo

  • 1 Bed
  • 1 Bath
  • 600 ft²
11 Park Avenue #1A, Babylon, NY, 11702 Listing by Kenneth Hirsch
Unit for rent at 239 Curtin Avenue, West Islip, NY, 11795

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 800 ft²
239 Curtin Avenue, West Islip, NY, 11795 Listing by George Ortiz
Unit for rent at 180 Deer Park Avenue, Babylon, NY, 11702

$3,200 /mo

  • 1 Bed
  • 1 Bath
  • 565 ft²
180 Deer Park Avenue #203, Babylon, NY, 11702 Listing by Loraine Burke CBR

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 5 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 2 Edward Avenue built and last sold?
The property at 2 Edward Avenue was built in 1911 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 2 Edward Avenue is $605,999.
What are some comparable homes to 2 Edward Avenue?
There are currently no comparable homes to 2 Edward Avenue.
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