Industrial Building For
For Sale
Contact for pricing
136 Gazza Blvd., Farmingdale, NY 11735
4,800 SF industrial building, user or investor opportunity.
Property Size8,400 SF
Price / SF$273.21
Days on Market886
Property Features for 136 Gazza Blvd.
General Information
Standard status
Active
Size
8,400 SF
Property subtype
Industrial
Zoning
G-Industry (Light)
Building Details
Stories
1
Listing Agency:
Alliance Real Estate Corp
Listed By:
Alberto Fiorini · License #NY 10311200842
(631) 392-0784
Source:
Crexi
Added: May 16, 2024
Changed: Oct 17
Last Checked: Oct 16 at 7:51AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,215
Cap Rate
5.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,404,300
$2.4M
Cap Rate 7%
$1,717,357
$1.7M
Cap Rate 9%
$1,335,722
$1.3M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$184.5K $21.96/SF
− Vacancy
−$12.7K −$1.52/SF
EGI
$171.7K $20.44/SF
− OpEx
−$51.5K −$6.13/SF
NOI
$120.2K $14.31/SF
Area
Nassau County, NY
Vacancy
6.90%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,404,300
Cap Rate 7%
$1,717,357
Cap Rate 9%
$1,335,722
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 authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,010
Businesses Nearby
Well-served
Demand for This Use
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 Industrial in Northeast region
Similar Off Market Nearby
- Icildas bay catering llc — 204 Airport Plaza Blvd #1008, Farmingdale, NY 11735
Frequently Asked Questions
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
