See Home Value
$450,000
Commercial - Off Market

301B Bergen Avenue #1

West Babylon, NY 11704
bedrooms
Studio
bathrooms
0 Bath
$2,456
Estimated Monthly
$0
HOA / Fees

About This Property

Calling All Investors, Developers, End-Users & Restauranteurs!!! 10.65 Cap Waterfront Restaurant With 34 Boat Slips For Sale For Sale!!!The Property Features Excellent Signage, Great Exposure, High 18' Ceilings, 59 Indoor Seats, 98 Outdoor Seats, 15 Seats In The 3 Season Room, 40 Parking Spaces, 240+ Feet Of Waterfront, 34 Boat Slips, Strong Zoning, 2 Private Parking Lots, 2 Bars, 5 Strategiccally Placed Curb Cuts, All New LED Lighting, CAC, +++!!! The Property Has A BRAND NEW Bulkhead Completed In 2023!!! The Property Is Located In The Heart Of West Babylon On Beautiful Bergen Point!!! The Property Is Currently Home To A Successful Restaurant That Does Over $1 Million Gross Per Year With High Profit Margins!!! Neighbors Include Starbucks, Honda, Stop & Shop, CVS, 7-Eleven, Panera Bread, AutoZone, PetSmart, McDonald's, Taco Bell, Marshall's, DSW Shoe Warehouse, Old Navy, Aldi, L.A. Fitness, Five Below, Burger King, +++!!! This Property Offers HUGE Upside Potential!!! This Could Be Your Next Investment Property, Development Site Or Home For Your Business!!! Income: Restaurant: $120,000 Ann. (Available) Boat Slip Rentals: $106,250 Ann. ($125 Per Foot) Gross Income: $226,250 Ann. Expenses: Insurance: $2,813 Ann. Maintenance & Repairs: $250 Ann. Taxes: $26,156 Ann. Total Expenses: $29,219 Ann. Net Operating Income (NOI): $197,031 Ann. (Proforma 10.65 Cap!!!)
Unit Size
-
Days on Market
245 days
Land Size
0.25 acres
Price per sqft
-
Property Type
Commercial
Property Taxes
-
HOA Dues
-
Year Built
-
Last updated: 5 months ago (OneKey MLS #ONE3475420)

Price History

Date / Event Date Event Price
Jan 3, 2024 Sold $450,000
Sold
May 3, 2023 Listed by All Island Estates Realty Corp $500,000
Listed by All Island Estates Realty Corp

Property Highlights

Exterior Details

Property Information

Square Footage : 2800
Property Type: Business Opportunity
Property Sub Type: Retail

Building Information

Building Area Units: Square Feet

Lot Information

Lot Size Acres: 0.25
Lot Size Square Feet: 10890
Location Details
Directions: West Montauk Hwy South to Bergen Avenue
County or Parish: Suffolk


Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Land
Loft
-
-
$390,000 Oct 22, 2020
$390,000 Jun 28, 2021
$357/mo
House
3 Beds
1 Bath
-
$530,000 Apr 12, 2019
$530,000 Jul 25, 2019
$1,005/mo
House
2 Beds
2 Baths
-
$449,000 Oct 1, 2020
$449,000 Dec 18, 2020
$814/mo
House
5 Beds
3 Baths
-
$570,000 Jun 15, 2020
$570,000 Nov 8, 2020
$1,455/mo
House
4 Beds
2 Baths
-
$564,900 Jun 22, 2022
-
$880/mo
House
5 Beds
2 Baths
-
$580,000 Jul 2, 2023
-
$1,099/mo
In Contract
House
3 Beds
2 Baths
-
$599,000 Sep 6, 2023
-
$849/mo
House
4 Beds
2 Baths
-
$599,000 Nov 2, 2023
-
$932/mo
In Contract
House
4 Beds
3 Baths
-
$599,999 Nov 11, 2023
-
$1,034/mo

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20230503 Unit 1
05/03/2023
1
Loft
-
-
$500,000
bedrooms
Loft
bathrooms
-
$450,000 -10.00%
01/03/2024
-
Richard Matt Shane
All Island Estates Realty Corp
20230417
04/17/2023
Loft
-
-
$1,988,000
bedrooms
Loft
bathrooms
-
-
-
-
Richard Matt Shane
All Island Estates Realty Corp
20210420
04/20/2021
Loft
-
-
$1,800,000
bedrooms
Loft
bathrooms
-
-
-
-
Eileen M Baradzi
Netter Real Estate Inc
20200109
01/09/2020
Loft
-
-
$1,872,000
bedrooms
Loft
bathrooms
-
-
-
-
Timothy Galligan
Keller Williams Points North
20190531
05/31/2019
Studio
-
-
$2,400,000
bedrooms
Studio
bathrooms
-
-
-
-
Pedro Diaz
Keller Williams NYC

Building Info

301 Bergen Avenue 301 Bergen Avenue, West Babylon, NY 11704
More about this Building
301 Bergen Avenue
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About West Babylon


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