New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,270,000
Retail space
242 Broadhollow Rd, Farmingdale, NY 11735-4805
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-0180389
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1964
Total area
18,440 SF
Lot
1.1 ac (47,916 SF)
Zoning code
G
APN
0100-095.00-01.00-046.001
UPID
US63-0180389
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Vindi Construction Inc Construction Company General Contractor
-
Costello's Ace Hardware of Farmingdale (Old Location) Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.50M
CAP Approach
CAP
$5.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.27M
Owner & transaction history
Jmm Mazal LLC · 1 yrs held
Jmm Mazal LLC
since 2024
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
G · Farmingdale, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$2.9M
+241.0%
Office building
$2.6M
+206.6%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Farmingdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Farmingdale submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,385,000
ML approach
$4,495,000
CAP Approach
CAP Return
Estimation
6%
$6,010,000
6.5%
$5,545,000
7%
$5,150,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,905,000
Change: +241% · Conversion: Difficult
OFFICE BUILDING
$2,615,000
Change: +207% · Conversion: Easy
Blend value · Realmo final
$4.27M
Range $3.84M – $4.70M · ±10% · vs last sale $4.10M (Jun 13 2024)
Last sale anchor
$4.10M
Jun 13 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$232 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Assessed value
$24,780
Assessed 2023
Previous assessed
$24,780
+0.0% YoY
Assessed land
$4,620
Assessed improvement
$20,160
Land market value
$7,000
Improvement market value
$30,545
Total market value
$37,545
Applied tax rate
282,422.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1964
Heating
NONE
Total area
18,440 SF
Lot
1.1 ac (47,916 SF)
Zoning code
G
APN
0100-095.00-01.00-046.001
UPID
US63-0180389
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
G · Farmingdale, NY
Zoning G · permitted uses
G · Farmingdale, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Farmingdale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL)
Est. value
$2.9M
OFFICE BUILDING
Est. value
$2.6M
INDUSTRIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Jmm Mazal LLC
Entity
Free & Clear · 1 yrs held
Mailing address
80 SKYLINE DR, PLAINVIEW, NY 11803-2519
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
—
Jmm Mazal LLC
Central View Property LLC
Warranty Deed
—
Jan 31, 2023
$4,100,000
Central View Pro LLC
Eca Farmingdale LLC
Deed
—
Mar 30, 2016
$3,126,000
Eca Farmingdale LLC
Summit Federal Realty LLC
Grant Deed
—
Apr 21, 2004
$1,526,000
Summit Federal Realty LLC
Jasgap Realty Corp
Grant Deed
$1,000,500 · General Electric Capital Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 242 Broadhollow Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
