901 Main St Farmingdale, NY 11735
- Commercial land
- 6,344 SF
- 0.90 lot acres
Current Use by Public Records
- The Learning Experience - Farmingdale / Nursery School / Preschool
Property Details for 901 Main St
- Year built
- 1952
- Lot size
- 0.90 lot acres
- Property size
- 6,344 SF
- Property type
- Commercial land
- APN
- 49-287-00-0004
- APU
- 49287000004
Description
This exceptional investment opportunity presents a 10,800 square foot daycare center located at 901 S. Main St, Farmingdale, NY 11735, in Nassau County's Oyster Bay town. Situated on a prominent corner lot spanning 40,219 square feet (.92 acres), the property boasts a new 15-year lease with "The Learning Experience," a reputable daycare provider. The lease includes two 5-year options, ensuring long-term stability. The annual gross rent commences at $411,654, with attractive 12% rent escalations every five years, significantly increasing future cash flow. The current Net Operating Income (NOI) stands at $345,000, representing a compelling return on investment. The property's parcel ID is 2489-49-287-00-0004-0. This turnkey investment offers a secure and profitable venture in a thriving market, presenting a rare opportunity for discerning investors seeking a strong, long-term, passive income stream. The asking price for this exceptional property is $5,611,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Farmingdale
- County
- Nassau
- State
- New York
- Longitude
- -73.4326
- Latitude
- 40.7144
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
