62 Babylon Street
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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 |
|---|---|---|---|
| Oct 4, 2024 | Sold | ||
| Sold | |||
| Sep 6, 2024 | In contract | - | |
| In contract | |||
| Aug 16, 2024 | Listed by Douglas Elliman Real Estate | $550,000 | |
| Listed by Douglas Elliman Real Estate | |||
| | |||
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Islip Terrace: 7-room, 3-bedroom, 2-bathroom, ranch style home with a full basement, 1-car garage, located on a quiet dead-end block and situated on a 100'x200' lot with a huge and cleared backyard for endless possibilities. This great home offers hardwood floors, crown moldings, recessed lighting, Andersen windows, an updated hallway bathroom with marble tile, jetted tub and stall shower, laundry/mud room on the main floor, ductless AC/Heat Mini Split unit, a full -partially finished basement with Egress Window and CO, for a potential 4th bedroom or guest bedroom. This great home also offers a newer architectural roof and circular driveway. Current Taxes w/Basic Star:$6,875.20
| |||
| Apr 28, 2014 | Sold | ||
| Sold | |||
| Jan 5, 2014 | Listed by Douglas Elliman Real Estate | $199,999 | |
| Listed by Douglas Elliman Real Estate | |||
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About Central Islip
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017