240 Babylon Street
About This Property
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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 |
|---|---|---|---|
| Jan 9, 2026 | Sold | ||
| Sold | |||
| Oct 29, 2025 | In contract | - | |
| In contract | |||
| Sep 24, 2025 | Listed by Realty Connect USA L I Inc | $699,000 | |
| Listed by Realty Connect USA L I Inc | |||
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Welcome to this expansive and beautifully renovated Hi-Ranch located in the heart of Islip Terrace. Situated on an expansive horse property, this home offers four spacious bedrooms and two full bathrooms, perfect for extended families or those seeking room to grow. The custom kitchen is a true showstopper, featuring a farmhouse sink, a massive quartz center island with pendant lighting and barstool seating, perfect for enjoying breakfast or hosting an intimate gathering. Additional features include satin brass hardware and top-of-the-line stainless steel appliances. Natural light floods the home through a skylight and a large kitchen window, complementing the recessed lighting found throughout. The formal dining room provides an elegant setting for holiday meals and entertaining guests. Both bathrooms have been fully updated with custom tile work, frameless glass shower doors with satin brass finishes, a luxurious rain shower, double vanity, and smart mirror. The lower level offers flexible living space with a separate entrance, making it easily converted to a Mother-Daughter setup with proper permits. Step outside through sliding glass doors to a private backyard oasis. The beautifully maintained grounds feature an in-ground chlorinated swimming pool with a new heater and a dedicated 100-AMP subpanel, making it ideal for both relaxation and outdoor entertaining. Additional updates include upgraded 200-AMP electrical service, a brand-new washer and dryer, a new in-ground sprinkler system and new roof that is just five years young. This turnkey home checks every box, combining modern design with the charm and space of a true Long Island horse property. Don’t miss your chance to own this one-of-a-kind home in a desirable location close to schools, parks, shopping, and transportation.
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| Sep 6, 2023 | Sold | ||
| Sold | |||
| Jul 13, 2023 | Sold | ||
| Sold | |||
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About Central Islip
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$3,695 /mo
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$2,300 /mo
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- 1 Bath
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017