Flex Warehouse with Office
1835 New Highway Farmingdale, NY 11735
1835 New Highway, Farmingdale, NY, 11735
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For Sale
Contact for pricing
Modern flex warehouse with air-conditioned office, 19' clear height, and multiple drive-ins for versatile operational needs.
Property Size8,915 SF
Lot Size0.57 Acres
Price / SF$358.38
Days on Market50
Property Features for 1835 New Highway
General Information
- Standard status
- Active
- Size
- 8,915 SF
- Lot size
- 0.57 Acres
- Property subtype
- Industrial
Listing agency
Industry One Realty Corporation
Listed by
Mario Asaro · License #NY
Source
Crexi
Added: Jun 3 Updated: Jul 10 at 1:53PM Checked: Jul 22 at 3:57AM
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 Industry One Realty Corporation
Investment Insights
Based on property information with market context.
This for-sale flex warehouse totals approximately 8,915 square feet on a 0.57-acre site, built in 2007. The layout includes about 10% office space paired with a warehouse designed for efficient storage and handling, featuring roughly 19-foot clear ceiling height and only one column within the warehouse area. The building is fully air conditioned and fully sprinklered, with utilities connected to municipal sewers.
The property is located at 1835 New Highway in Farmingdale, New York. It includes three drive-in doors, providing straightforward access for deliveries and daily operations.
The building’s mix of office and warehouse supports a range of logistics and light industrial users who need dedicated work space alongside functional storage. The 19-foot clear height and open warehouse configuration can help accommodate a variety of equipment and workflows, while the drive-in access supports inbound and outbound movement. With sprinkler protection, air conditioning, and sewer connectivity already in place, the property is positioned for tenants or owner-operators seeking a turnkey, operationally oriented facility.
The property is located at 1835 New Highway in Farmingdale, New York. It includes three drive-in doors, providing straightforward access for deliveries and daily operations.
The building’s mix of office and warehouse supports a range of logistics and light industrial users who need dedicated work space alongside functional storage. The 19-foot clear height and open warehouse configuration can help accommodate a variety of equipment and workflows, while the drive-in access supports inbound and outbound movement. With sprinkler protection, air conditioning, and sewer connectivity already in place, the property is positioned for tenants or owner-operators seeking a turnkey, operationally oriented facility.
Key Highlights
- Approximately 8,915 SF building on a 0.57‑acre lot
- 10% office space with fully air‑conditioned office area
- Warehouse offers approximately 19' clear ceiling height
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $195.8k | $21.96 |
| − Vacancy | −$13.5k | −$1.52 |
| EGI | $182.3k | $20.44 |
| − OpEx | −$27.3k | −$3.07 |
| NOI | $154.9k | $17.38 |
8,915 SF · lease $21.96/SF/yr · vacancy 6.90% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.21M
$1.94M – $2.58M
NOI $154,925 @ 7.0% cap · market cap 4.85%
Second Best
Office B
$2.19M
$1.92M – $2.55M
NOI $153,297 @ 7.0% cap · market cap 4.80%
Theoretical Best
Specialty Retail
$5.89M
$5.16M – $6.88M
NOI $412,608 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Skyline Papers
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Modern flex warehouse with air-conditioned office, 19' clear height, and multiple drive-ins for versatile operational needs.
Where is this flex space located?
The property is located at 1835 New Highway Farmingdale, NY.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: Approximately 8,915 SF building on a 0.57‑acre lot; 10% office space with fully air‑conditioned office area; Warehouse offers approximately 19' clear ceiling height
