Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    250 Conklin St Farmingdale, NY 11735

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,100,000

    NNN property with annual rental escalations and development potential.

    Property size:
    6,390 SF
    Lot size:
    1.88 Acres

    Property Features for 250 Conklin St

    General Information

    Size
    6,390 SF
    Lot size
    1.88 Acres

    Source: Northmarq | New York Agent Jason Maier

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Farmingdale Retail Investment Opportunity

    This property presents an investment opportunity with zero landlord responsibilities, creating a passive investment. The lease is absolute NNN, appealing to investors seeking management-free opportunities in the NYC area. A notable feature is the 3% annual rental escalations. The property is located in Farmingdale, an incorporated village on Long Island within the Town of Oyster Bay in Nassau County, New York. Nassau is the most densely populated and second-most populous county in New York State. The surrounding area has a strong population of 379,440 within a 5-mile radius, and the average household income is approximately $163,422 within a 3-mile radius. The lease is guaranteed by Citigroup, which has an A credit rating by S&P. The property is situated on an almost 2-acre parcel in a land-constrained area of Long Island, providing land area and development upside for a new owner. The property size is 6390 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Citi Bank Citibank ATM Atm Citi ATM Atm

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Farmingdale
    County
    Nassau
    State
    New York
    Longitude
    -73.44919
    Latitude
    40.732336

    Nearby Similar for Sale

    • $849,999
      Pending

      Farmingdale Legal Two-Family Home

      Legal 2-family home near shops, restaurants, and public transportation.
      32 Nostrand St, Farmingdale, NY 11735
      View Details
    • New
      $3,900,000
      Pending

      Hotel Development Opportunity Near Airport

      Hotel development opportunity near Farmingdale Airport.
      306-308 Route 109, Farmingdale, NY 11735
      View Details
    • $359,000

      Farmingdale Two-Bedroom Co-op

      Desirable two-bedroom co-op with modern kitchen and community amenities.
      400 Fulton St, Farmingdale, NY 11735
      View Details
    • $225,000

      Farmingdale Co-op with Parking

      Charming 1-bedroom co-op near Farmingdale's vibrant Main Street.
      490 Main St, Farmingdale, NY 11735
      View Details
    • $1,575,000
      6,000 SF

      Farmingdale Flex Building For Sale

      Single-story flex building in prime Farmingdale location, ideal for investors.
      94 Gazza Blvd, Farmingdale, NY 11735
      View Details
    • $4,000,000
      4,500 SF

      Established Auto Body Shop Opportunity

      Commercial property with auto shop, office, and residential building.
      454 Fulton St, Farmingdale, NY 11735
      View Details

    FAQs

    What type of property is this?
    Bank - NNN property with annual rental escalations and development potential.
    Where is this bank located?
    The property is located at 250 Conklin St Farmingdale, NY.
    What is the asking price?
    The asking price for this property is $3,100,000.
    What are key features of this property?
    This property features: - Absolute NNN lease offers a completely passive, management-free investment.; - Lease guaranteed by Citigroup (A credit rating by S&P).; - Rare **3% annual rental escalations**, significantly higher than typical bank leases.
    (646) 778-5560
    Request Owner's contact information
    250 Conklin St Farmingdale, NY 11735
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    250 Conklin St
    Farmingdale, NY 11735
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    250 Conklin St Farmingdale, NY 11735
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.