Historic Mixed-Use
For Sale
Contact for pricing
215 Conklin St, Farmingdale, NY 11735
Victorian Colonial with office-ready features, a barn/garage, ADA access elevator, and a large driveway.
Property Size2,247 SF
Lot Size0.50 Acres
Price / SF$445.03
Days on Market219
Property Features for 215 Conklin St
General Information
Standard status
Active
Size
2,247 SF
Class
B
Elevators
Yes
Lot size
0.50 Acres
Property subtype
Mixed Use
Zoning
Mixed Use
Additional Details
Asking Price
$999,990
Amenities
wrap-around porch
professionally landscaped grounds
parquet flooring
wood finishes
Building Details
Year Built
1868
Buildings
2
Stories
2
Units
2
Construction
Victorian Colonial
Listing Agency:
Coldwell Banker Commercial AMH
(631) 903-3739
Listed By:
Anthony Briguglio · License #10491212878
Source:
Crexi
Added: Jan 23
Changed: Aug 29
Last Checked: Aug 29 at 2:54PM
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 Coldwell Banker Commercial AMH
Investment Insights
Based on property information with market context.
Built in 1868, this 2,247-square-foot Victorian Colonial sits on a half-acre lot at 215 Conklin St in Farmingdale Village. The property is zoned Mixed Use and includes a 1,166-square-foot barn/garage, a large driveway, ample parking, and an ADA access elevator. Its layout is suited to professional office use or mixed-use development.
Interior character includes parquet flooring and wood finishes, while the exterior features a wrap-around porch and professionally landscaped grounds. The combination of historic construction, adaptable interior space, accessory barn/garage, and accessibility features creates a flexible commercial property with a distinctive architectural profile.
Interior character includes parquet flooring and wood finishes, while the exterior features a wrap-around porch and professionally landscaped grounds. The combination of historic construction, adaptable interior space, accessory barn/garage, and accessibility features creates a flexible commercial property with a distinctive architectural profile.
Key Highlights
- 2,247‑square‑foot Victorian Colonial built in 1868
- Half‑acre lot in Farmingdale Village
- 1,166‑square‑foot barn/garage included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$38,638
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$772,760
$772.8K
Cap Rate 7%
$551,971
$552.0K
Cap Rate 9%
$429,311
$429.3K
Market Conditions
NOI Build-Up for 2,247 SF
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.
Gross rent
$62.8K $27.96/SF
− Vacancy
−$11.3K −$5.03/SF
EGI
$51.5K $22.93/SF
− OpEx
−$12.9K −$5.73/SF
NOI
$38.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$772,760
Cap Rate 7%
$551,971
Cap Rate 9%
$429,311
Alternative Uses
Best Use
Office B
$552.0K
$483.0K – $644.0K
NOI $38,638 @ 7.0% cap · market cap 3.86%
Second Best
Mixed Use
$443.0K
$387.6K – $516.8K
NOI $31,009 @ 7.0% cap · market cap 3.10%
Theoretical Best
Specialty Retail
$1.49M
$1.30M – $1.73M
NOI $103,997 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,149
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Victorian Colonial with office-ready features, a barn/garage, ADA access elevator, and a large driveway.
Where is this mixed-use property located?
The property is located at 215 Conklin St Farmingdale, NY.
What is the asking price?
The asking price for this property is $999,990.
What are key features of this property?
This property features: 2,247‑square‑foot Victorian Colonial built in 1868; Half‑acre lot in Farmingdale Village; 1,166‑square‑foot barn/garage included
