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9 Thorman Lane
About This Property
The main level features four spacious bedrooms, oak hardwood floors, and one and a half renovated bathrooms. The updated kitchen offers new cabinetry, appliances, laminate flooring, and new windows with screens. A separate dining area provides a welcoming setting for everyday meals and entertaining. The primary bedroom includes an electric fireplace, generous closet space, and a private half bath. New interior doors throughout the first floor and two updated electrical circuit breakers complement the improvements.
The lower level accessory apartment features one bedroom, a full bathroom, and a kitchen equipped with an oven, cooktop, and refrigerator. Laminate flooring, storage beneath the stairs, and access to the laundry area add everyday convenience.
Additional highlights include forced hot air heating, central air conditioning, attic storage, and a two car garage with built in shelving. A roof replaced approximately three years ago, new fencing, a hot water heater installed in 2016, and additional windows replaced in 2013 round out the home's features.
Conveniently located near the Deer Park and Babylon LIRR stations, the home offers options for commuting and exploring Long Island. Town of Babylon residents can also enjoy access to Gilgo Beach with the required Town beach permit.
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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%.
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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.
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 21, 2026 | Listed by The Agency Northshore NY | $830,000 | |
| Listed by The Agency Northshore NY | |||
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About North Babylon
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017