Industrial Building For
136 Gazza Blvd Farmingdale, NY 11735
136 Gazza Blvd, Farmingdale, NY, 11735
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For Sale
Contact for pricing
4,800 SF industrial building, user or investor opportunity.
Property Size8,400 SF
Price / SF$273.21
Days on Market796
Property Features for 136 Gazza Blvd
General Information
- Standard status
- Active
- Size
- 8,400 SF
- Property subtype
- Industrial
Listing Agency
Alliance Real Estate Corp
(631) 392-0784
Listed by
Alberto Fiorini · License #NY 10311200842
Source
Crexi
Added: May 16, 2024 Checked: Jul 17 at 5:02 am
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 Alliance Real Estate Corp
Investment Insights
Based on property information with market context.
The property features an approximately 4,800 square foot industrial building suitable for either user or investor. The building can be divided into two units. Each unit is approximately 4,200 square feet and includes one overhead door, 200 amps of 3-phase power, and separate utilities for heat and electric. The property is in close proximity to the Long Island Rail Road and Routes 109 and 110 (Broadhollow Road). The building will be delivered vacant with arranged occupancy.
Key Highlights
- 4,800 SF Industrial Building Delivered Vacant
- Divides into Two Units (4,200 SF each)
- Each Unit has One OH Door
Local Financial Insights For Industrial
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 | $184.5k | $21.96 |
| − Vacancy | −$12.7k | −$1.52 |
| EGI | $171.7k | $20.44 |
| − OpEx | −$51.5k | −$6.13 |
| NOI | $120.2k | $14.31 |
8,400 SF · lease $21.96/SF/yr · vacancy 6.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.72M
$1.50M – $2.00M
NOI $120,215 @ 7.0% cap · market cap 5.24%
Second Best
Flex RnD
$1.59M
$1.40M – $1.86M
NOI $111,628 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$5.55M
$4.86M – $6.48M
NOI $388,773 @ 7.0% cap · market cap 16.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Wire To Water
Electrical Service
Similar For Sale Nearby
Similar Off Market Nearby
- Icildas bay catering llc — 204 Airport Plaza Blvd #1008, Farmingdale, NY 11735
FAQs
What type of property is this?
Flex space - 4,800 SF industrial building, user or investor opportunity.
Where is this flex space located?
The property is located at 136 Gazza Blvd Farmingdale, NY.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 4,800 SF Industrial Building Delivered Vacant; Divides into Two Units (4,200 SF each); Each Unit has One OH Door
