Buy with Yoreevo
$6,386,250
List Price: $6,500,000
Share Listing
Save Listing
113,117,121,123,125,15,17 Fire Island Ave./Hewlett Ct. Avenue
House in Babylon •  building info
22bd • 17.5ba • 41,514ft² $157 per ft²
Buy with Yoreevo

$6,386,250

List Price

$6,500,000

Key Details
Day on market
1
Last price change
loading...
Estimated payment
$41,588/mo
Taxes
$6,514/mo
Maintenance
N/A
Description
Wonderful opportunity to invest in a charming, well maintained and fully occupied rental property located in the heart of beautiful and popular Babylon Village. The property is situated on a parcel within the second block south of Main Street, convenient to all that Babylon Village offers including stores and restaurants, parks and public transportation as well as the LIRR with express train service to Manhattan yet also accessible to nearby Ocean and Bay Beaches. A lifestyle hard to replicate available to all tenants of Galway Commons. The property is also located with close proximity to the Babylon Library and downtown Argyle Theater. The facilities include a 1900's 5 unit Victorian as well as a rear 2 unit Carriage House and 5 two story garden apartment structures built in the 1960's containing one and two bedroom spacious, modern and well appointed apartments for a total of 17 rental units with onsite dedicated parking, basement storage bins allocated to each apartment as well as individual gas fired heating units. This property contains an on site laundry room for tenants use only and a maintenance shop with 1/2 bath. Historically, the complex has enjoyed a healthy and stable association within the community with some tenants of over 25 years in residence. Babylon Village has maintained a popular and welcoming reputation for homeowners and tenants alike seeking a lifestyle of quality and convenience in beautiful residential neighborhoods while enjoying surrounding and nearby waterfront beaches. This is an opportunity to invest in a large residential income property that has been successfully maintained and managed over the course of many years located in a community that offers all the amenities and services that support the most desired lifestyles sought by homeowners and tenants in Western Suffolk county throughout the years.

Hide full description

Home features
Dishwasher
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$6,500,000
Asking Price: $6,500,000
Term
30 Years
Down Payment
$650,000 (10%)
Min: 10% (650,000)
Rate
6.0 %
Mortgage Amount
$5,850,000
Mortgage Payment
$35,074
Taxes
$6,514
Estimated Yoreevo rebate
$113,750
Estimated closing cost
$292,000
Total monthly cost $41,588
Buy your dream home with us and get an estimated $113,750 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Daniel Gale Sothebys Intl Rlty

Information ©2026, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.