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Babylon 11702 Babylon
66 Cedar Lane
Photo of 66 Cedar Lane

4

Map

Photo of 66 Cedar Lane
Photo of 66 Cedar Lane
$4,500,000
● Land - Off Market

66 Cedar Lane

Babylon, NY 11702
bedrooms
Studio
bathrooms
0 Bath
$24,098
Est. Monthly
0.02%
Cap Rate

About This Property

Unique opportunity to own 3.98 acres of waterfront property on Carll's River, a natural, wide waterway.   Custom create your luxury lifestyle and design your private waterfront compound.  Sandy beach plus protected docking, moments from the Great South Bay. One mile to the Babylon R/R station & 60 minutes to NYC, 60 Minutes to Montauk Point, and a boat ride to Fire Island!  Unobstructed Western and Sunset Views on of the River.
Unit Size
-
Days on Market
-
Land Size
3.98 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,001
HOA Dues
-
Year Built
1941

Payment Calculator

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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: 3 months ago (OneKey MLS #KEY851693)

Price History

Date / Event Date Event Price
Jul 1, 2026 No longer available -
No longer available
Jan 1, 2026 Price Decreased $4,500,000
↓ $499K (10%)
Price Decreased
Apr 22, 2025 No longer available -
No longer available
Apr 22, 2025 Listed by James A Netter Real Estate Inc $4,999,000
Listed by James A Netter Real Estate Inc
Jun 19, 2024 Withdrawn -
Withdrawn
Show More

Property Highlights

Garage
Parking Available
With View

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Bedroom Count: 0
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 173,369
  • Total Building Area: 4,515
  • Building Area: 4,515
  • Building Area Measurement: M

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 4,515
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000003980
  • Standard Land Use Code: 8001
  • County Land Use Code: 310
  • Legal Description 1: N-B. MATHEIS E-CEDAR LANE S-VARIOUS W-CARLL CREEK

Neighborhood

  • School District Name: Babylon Union Free School District
  • School Tax School District: BABYLON
  • Census Tract: 124602

Geography

  • Account Number: 20230407380
  • District: 0102-0
  • Section: 16.00
  • Parcel: 0102-016.00-01.00-007.000
  • Block: 1
  • Lot: 7.000
  • Municipality: BABYLON
  • Latitude: 40.6889
  • Longitude: -73.3261

    Address

  • Full Address: 66 Cedar Ln
  • Address - House Number: 66
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: NY
  • City Name: Babylon
  • Carrier Code: C021
  • 4-Digit Zip Code: 3809
  • Zip Code: 11702

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,594,832
  • Tax Rate Code Area: 472001

    Appraisal Valuation

  • Standard Deviation: 0.2399
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 66
  • Final Value: 1,997,399
  • High Value: 2,476,759
  • Low Value: 1,518,039

    Market Valuation

  • Market Total Value: $332,961
  • Market Land Value: $332,961

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,960
  • Assessed Land Value: $5,960

    Sales

  • Current Sale Contract Date: Aug 04, 2020
  • Current Sale Recording Date: Sep 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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:

$794,000

Sale Price/ft²

$503

Below Asking

0.01%

Average Days on Market

81

Average Home Size

1795 ft²

Average Home Age

65.3 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 158 Fire Island Avenue, Babylon, NY, 11702

$2,190 /mo

  • Studio
  • 1 Bath
  • 400 ft²
158 Fire Island Avenue #02, Babylon, NY, 11702 Listing by Michelle Holmes
Unit for rent at 870 Little East Neck Road, West Babylon, NY, 11704

$1,985 /mo

  • Studio
  • 1 Bath
  • 560 ft²
870 Little East Neck Road #D03, West Babylon, NY, 11704 Listing by Michelle Holmes

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 3 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 66 Cedar Lane built and last sold?
The property at 66 Cedar Lane was built in 1941 and last sold on Aug 4, 2020 for $2,200,000.
How much is this home worth?
The estimated value of the home located at 66 Cedar Lane is $4,545,000.
What are some comparable homes to 66 Cedar Lane?
There are currently no comparable homes to 66 Cedar Lane.
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