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Financial
Distress signals
Property profile

1 Michael Ave Farmingdale, NY 11735

FOR LEASE
Manufacturing properties
Property ID
US63-2810526
1.5 ac lot
Last sale Dec 2014
Individually Owned Owner of record is an individual. 11-yr Hold Held for 11 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional 40,953 square foot executive office building, located at 1 Michael Ave in Farmingdale, NY, presents a unique investment opportunity. Situated on a 1.5-acre lot in Suffolk County, this single-story Class B building offers unparalleled flexibility with multiple suites available, ranging from a minimum of 2,669 square feet to a maximum contiguous space of 22,949 square feet. The entire 40,953 square feet is currently vacant, providing a blank canvas for a discerning tenant or…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax

What does the county charge?
Assessed value · 2023$33k
Assessed land$7k
Assessed improvement$26k

Value estimate

· Oct 2026
$1.05M
$945k – $1.16M
AI approach$1.05M
NOI build-up
Gross scheduled income$539k
Vacancy & credit loss−$37k
Operating expenses−$176k
NOI · 1,305,148.00% cap applied$326k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$253/SF
ZIP average, outlier-cleaned · 66 recorded sales of this use type
Observed band · Q1–Q3$203 – $297

Cap rate analysis

How does the asset earn?
1,305,148.00%
$326k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
G
JurisdictionSUFFOLK

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency34.7
Dental Office27.8
Law Firm17.8

Location

1 Michael Ave Farmingdale, NY 11735
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
130 Florida, Farmingdale, NY 11735-6306 $575,000 Jul 2025 1,560 SF
132 Marine, Farmingdale, NY 11735-5657 $725,000 May 2025 3,600 SF
465 Smith, Farmingdale, NY 11735-1106 $6,250,000 Mar 2025 22,000 SF
19 Engineers, Farmingdale, NY 11735-1207 $2,850,000 Feb 2025 9,996 SF
135 Rome, Farmingdale, NY 11735-6608 $1,100,000 Jan 2025 8,030 SF
154 Marine, Farmingdale, NY 11735-5608 $4,350,000 Sep 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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