Freestanding Office
New
For Sale
$2,500,000
312 Conklin Street, Farmingdale, NY 11735
Commercial Sale, Farmingdale, NY
Property Size5,261 SF
Lot Size0.33 Acres
Price / SF$475.19
Days on Market5
Property Features for 312 Conklin Street
General Information
Property type
Commercial Sale
Property subtype
Office
Rooms
Basement
Parking
16
Basement
Partially Finished, Full, Storage Space
Lot features
Corner Lot, Private
Elementary school district
Farmingdale
Middle school district
Farmingdale
High school district
Farmingdale
Standard status
Active
APN
2409-49-097-01-0519-0
Lot size
0.33 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
41141
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1953
Building materials
Brick
Listing Agency:
BH&G R E Realty Connect · Better Homes and Gardens Real Estate
(516) 714-3606
Listed By:
Haneet Singh
(917) 470-7200
Added: Oct 17
Changed: Oct 20
Last Checked: Oct 21 at 12:06PM
MLS# 1063913
Copyright © 2026 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This freestanding, one-story office property at 312 Conklin Street has brick construction and open floor plates. A full basement provides storage space. The building was constructed in 1953 and has natural gas, forced-air heating, central air conditioning, public water, and public sewer service. Its zoning is identified as secondary-strip in the Town of Oyster Bay.
The property is in downtown Farmingdale, near Main Street shops and restaurants, with the LIRR also within walking distance.
The property is in downtown Farmingdale, near Main Street shops and restaurants, with the LIRR also within walking distance.
Key Highlights
- Freestanding, one‑story office building
- Open floor plates and full basement storage
- Brick construction; built in 1953
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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
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 floor plates and full basement storage are among the building’s defining interior features.
Where is this office building located?
The property is located at 312 Conklin Street 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: Freestanding, one‑story office building; Open floor plates and full basement storage; Brick construction; built in 1953
