105 Conklin St Farmingdale, NY 11735

Property Details for 105 Conklin St

Year built

1923

Property size

3,748 SF

Property type

Office space

Description

This exceptional investment opportunity presents two interconnected properties located at 105 & 111 Conklin Street in Farmingdale, NY, 11735. The combined offering encompasses a total of 30,056 square feet of land, with 7,097 square feet of building space, currently operating at 100% occupancy. The property is zoned for mixed use and features a total of two units, each offering a unique blend of creative, executive, and traditional office space. Built in 1923 and renovated in 2005, the main building at 105 Conklin Street boasts 3,748 net rentable square feet. The property includes 12 parking spaces. The asking price is $2,695,000, representing a price per square foot of $719.05 and a price per unit of $1,347,500. The property currently generates a net operating income (NOI) of $6,416 and a cap rate of 0.24%. This presents a rare opportunity to acquire a well-maintained, fully occupied mixed-use property in a desirable location with significant upside potential. The property's strong financial performance, combined with its prime location and versatile space, makes it an ideal investment for discerning buyers seeking a stable and profitable asset. The 17,624 square foot lot provides ample space and potential for future development or expansion. This is a turnkey investment ready for immediate income generation.