Office Building with
New
For Sale
$2,500,000
312 Conklin St, Farmingdale, NY 11735
Open office areas and basement storage provide two distinct spaces for business operations.
Property Size8,677 SF
Lot Size0.33 Acres
Price / SF$475.19
Days on Market3
Property Features for 312 Conklin St
General Information
Standard status
Active
Size
8,677 SF
Lot size
0.33 Acres
Property subtype
Commercial
Zoning
secondary-strip
Additional Details
Public Transit
Yes
Property Use
Office
Taxes and HOA fees
Annual Taxes
$41,140
Building Details
Building Size
8,677 SF
Year Built
1953
Buildings
1
Stories
1
Listing Agency:
BH&G R E Realty Connect
Listed By:
Devender Singh
(917) 239-6100
Source:
Elliman
Added: Oct 23
Last Checked: Oct 24 at 7:03PM
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 BH&G R E Realty Connect
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Investment Insights
Based on property information with market context.
This freestanding, one-story office building in Farmingdale contains approximately 5,261 square feet on a 0.33-acre lot. Its interior includes open office floor plates and a full basement used for storage. The building dates to 1953 and is zoned secondary-strip in the Town of Oyster Bay.
At 312 Conklin St, the property is near downtown Farmingdale’s Main Street shops, restaurants, and LIRR service.
At 312 Conklin St, the property is near downtown Farmingdale’s Main Street shops, restaurants, and LIRR service.
Key Highlights
- Approximately 5,261 square feet of office space on a 0.33‑acre lot
- Freestanding, one‑story office building with open floor plates
- Full basement storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,465
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,809,300
$1.8M
Cap Rate 7%
$1,292,357
$1.3M
Cap Rate 9%
$1,005,167
$1.0M
Market Conditions
NOI Build-Up for 5,261 SF
Gross rent
$147.1K $27.96/SF
− Vacancy
−$26.5K −$5.03/SF
EGI
$120.6K $22.93/SF
− OpEx
−$30.2K −$5.73/SF
NOI
$90.5K $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%
$1,809,300
Cap Rate 7%
$1,292,357
Cap Rate 9%
$1,005,167
Alternative Uses
Best Use
Office B
$1.29M
$1.13M – $1.51M
NOI $90,465 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.48M
$3.04M – $4.06M
NOI $243,492 @ 7.0% cap · market cap 9.74%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,109
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Open office areas and basement storage provide two distinct spaces for business operations.
Where is this office building located?
The property is located at 312 Conklin St Farmingdale, NY.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 5,261 square feet of office space on a 0.33‑acre lot; Freestanding, one‑story office building with open floor plates; Full basement storage
