Multi-Unit Office
For Sale
$1,950,000
18-20 Hempstead Turnpike, Farmingdale, NY 11735
For sale office units located at 18-20 Hempstead Turnpike in Nassau County.
Property Size5,396 SF
Days on Market112
Property Features for 18-20 Hempstead Turnpike
General Information
Standard status
Active
Size
5,396 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$39,189
Building Details
Building Size
5,396 SF
Year Built
1938
Listing Agency:
EXIT Realty Premier
Listed By:
Robert J. Schwendel
(718) 578-8331
Source:
Cottiemaxwellrealestate
Added: Jul 6
Changed: Oct 21
Last Checked: Oct 25 at 1:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT Realty Premier
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering presents a multi-unit office property, marketed as office units and office space for sale. The specifics of individual unit layout or building improvements are not detailed in the provided information.
The property is located at 18-20 Hempstead Turnpike in Farmingdale, New York, in Nassau County. Interested parties should confirm available configurations, suitability for intended uses, and any leasing or occupancy details directly with the broker of record.
The property is located at 18-20 Hempstead Turnpike in Farmingdale, New York, in Nassau County. Interested parties should confirm available configurations, suitability for intended uses, and any leasing or occupancy details directly with the broker of record.
Key Highlights
- Office units for sale at 18‑20 Hempstead Turnpike in Nassau County
- Year built: 1938
- Central air cooling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,786
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,855,720
$1.9M
Cap Rate 7%
$1,325,514
$1.3M
Cap Rate 9%
$1,030,956
$1.0M
Market Conditions
NOI Build-Up for 5,396 SF
Gross rent
$150.9K $27.96/SF
− Vacancy
−$27.2K −$5.03/SF
EGI
$123.7K $22.93/SF
− OpEx
−$30.9K −$5.73/SF
NOI
$92.8K $17.20/SF
Area
Nassau County, NY
Vacancy
18.00%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,855,720
Cap Rate 7%
$1,325,514
Cap Rate 9%
$1,030,956
Alternative Uses
Best Use
Office B
$1.33M
$1.16M – $1.55M
NOI $92,786 @ 7.0% cap · market cap 4.76%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.57M
$3.12M – $4.16M
NOI $249,740 @ 7.0% cap · market cap 12.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
482
Businesses Nearby
Explore this area
Business Placement
Demographics for 11735, NY
32,989
Population
11,435
Households
2.9
Avg Household Size
42
Median Age
45%
College-Educated
92%
High-School Grad
10.7 sq mi
ZIP Area
3,083
Density / Sq Mi
$146,190
Median Household Income
$64,273
Median Earnings
$2,285
Median Rent
$572,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - For sale office units located at 18-20 Hempstead Turnpike in Nassau County.
Where is this office unit located?
The property is located at 18-20 Hempstead Turnpike Farmingdale, NY.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Office units for sale at 18‑20 Hempstead Turnpike in Nassau County; Year built: 1938; Central air cooling
