Babylon Fish and Clam presents a highly sought after add value opportunity in the heart of Babylon Village. Established in 1967, this long-standing bar and restaurant has been a staple in the community for decades, known for its fresh seafood, friendly atmosphere, and loyal customer base. In addition to its dining and bar operations, the business benefits from additional income through fresh fish and seafood sales, creating multiple revenue streams. Perfectly positioned in Babylon Village, a destination known for its vibrant restaurant and shopping scene, the property also features private parking not dependent on municipal lots, a rare and valuable advantage in the Village. Currently operating only nine months out of the year, there is a tremendous opportunity to expand hours and increase profitability. The owner, who also owns the property, offers the ability to sign a long term lease upon acquisition, providing security and flexibility for future operations. More information available upon request.
458 Fire Island Avenue, Babylon, NY, 11702
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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