Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1990 New Hwy Farmingdale, NY 11735-1102

    • Manufacturing properties
    • 24,592 SF
    • 1.40 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2020
    $1,674,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3409674
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Petroscan Ltd / Gas Station

    Property Details for 1990 New Hwy

    Year built
    1978
    Lot size
    1.40 lot acres
    Property size
    24,592 SF
    Zone code
    GA
    Property type
    Manufacturing properties
    APN
    0100-002.00-01.00-011.004
    APU
    100002000100011004

    Description

    This exceptional investment opportunity presents a prime 3.73-acre parcel in Farmingdale, NY, zoned R-3M, approved for a two, three-story apartment building development. The site plan is already approved, allowing for the construction of a 54-unit complex, comprising 32 two-bedroom units and 22 one-bedroom units. The property boasts ample parking with 135 spaces available. Convenient sewer connection is readily accessible. Situated in Suffolk County, conveniently located in the towns of Huntington and Babylon, this development benefits from a strategic location. Adding to the property's appeal is a 1,938 square foot community center, enhancing the living experience for future residents. This development presents a unique opportunity to capitalize on the strong demand for multifamily housing in this thriving Long Island community. The property's size and zoning provide significant flexibility for a developer seeking to create a high-quality residential community. The approved site plan streamlines the development process, minimizing delays and maximizing return on investment. With its excellent location, ample parking, and community amenities, this property is poised for immediate development and strong rental income potential. The address is 1990 New Hwy, Farmingdale, NY 11735.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Farmingdale
    County
    Suffolk
    State
    New York
    Longitude
    -73.4156
    Latitude
    40.7567
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $6,300
    $13,330
    $19,630
    -
    $9,545
    $20,197
    $29,742

    Comparable in this City

    • Value Estimation
      $1,115,000
      5.10 Acres

      921 Conklin St

      MANUFACTURING (LIGHT) • 5.10 Acres
      921 Conklin St, Farmingdale, NY 11735-2433
      View Details
    • Value Estimation
      $940,000
      0.57 Acres

      965 Conklin St

      MANUFACTURING (LIGHT) • 0.57 Acres
      965 Conklin St, Farmingdale, NY 11735-2412
      View Details
    • Value Estimation
      $1,025,000
      1.54 Acres

      937 Conklin St

      MANUFACTURING (LIGHT) • 1.54 Acres
      937 Conklin St, Farmingdale, NY 11735-2412
      View Details
    • Value Estimation
      $1,185,000
      5.70 Acres

      100 Adams Blvd

      MANUFACTURING (LIGHT) • 5.70 Acres
      100 Adams Blvd, Farmingdale, NY 11735-6633
      View Details
    • Value Estimation
      $1,000,000
      0.63 Acres

      118 Allen Blvd

      MANUFACTURING (LIGHT) • 0.63 Acres
      118 Allen Blvd, Farmingdale, NY 11735-5617
      View Details
    • Value Estimation
      $1,035,000
      2.50 Acres

      1230 Broadhollow Rd

      MANUFACTURING (LIGHT) • 2.50 Acres
      1230 Broadhollow Rd, Farmingdale, NY 11735-3910
      View Details

    Similar Nearby for Sale

    • $4,900,000
      21,907 SF

      Prime Industrial Building For Sale

      Free-standing industrial building ideal for warehouse or distribution use.
      160 Finn Ct, Farmingdale, NY 11735
      View Details
    • $2,485,000
      8,400 SF

      Farmingdale Warehouse - $2.48M

      8,400 SF Industrial Warehouse, Great Location
      136 Gazza Blvd, Farmingdale, NY 11735
      View Details
    • Contact for pricing
      8,400 SF

      Farmingdale Flex Space Opportunity

      Flex space building near LIRR and major routes.
      136 Gazza Blvd, Farmingdale, NY 11735
      View Details
    • $3,900,000
      14,000 SF

      Farmingdale Warehouse with Fenced Lot

      14,000 SF warehouse with retail potential on one acre.
      95 Schmitt Blvd, Farmingdale, NY 11735
      View Details
    • $1,575,000
      6,000 SF

      Farmingdale Flex Building For Sale

      Single-story flex building in prime Farmingdale location, ideal for investors.
      94 Gazza Blvd, Farmingdale, NY 11735
      View Details
    • Contact for pricing
      24,000 SF

      Farmingdale Industrial Property For Sale

      24,000 square foot industrial property in Farmingdale, New York.
      60 Milbar Blvd, Farmingdale, NY 11735
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      5,195 SF

      Farmingdale Industrial Space

      Prime 5,195 sq ft industrial space
      41 Heisser Ln South Farmingdale, NY 11735, Farmingdale, NY 11735
      View Details
    • $17 SF/Yr
      5,195 SF

      Farmingdale Industrial Property

      5,195 sq ft Manufacturing/Warehouse
      41 Heisser Ln, Farmingdale, NY 11735
      View Details
    • Contact for pricing
      12,000 SF

      Farmingdale Warehouse with Drive-Through Access

      12,000 SF warehouse featuring drive-through access and mezzanine space.
      40 Allen Blvd, Farmingdale, NY 11735
      View Details
    • $19 SF/Yr
      25,200 SF

      Farmingdale Industrial Space for Lease

      25,200 SF industrial space with food processing capabilities available.
      175 Price Pkwy, Farmingdale, NY 11735
      View Details
    • Contact for pricing
      122,000 SF

      Farmingdale Warehouse and Distribution Space

      122,000 SF warehouse/distribution space with 4,100 SF office.
      875-999 Conklin St, Farmingdale, NY 11735
      View Details
    • $18 SF/Yr
      5,600 SF

      Farmingdale Warehouse with Fenced Yard

      5,600 SF free-standing building with fenced yard for lease.
      55 Rome St, Farmingdale, NY 11735
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1990 New Hwy
    Farmingdale, NY 11735-1102
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.