Property profile

388 Broad Hollow Rd Farmingdale, NY 11735

FOR SALE
Manufacturing properties
Property ID
US63-6087989
29,704 SF 1.9 ac lot Built 1961
Entity Owned 3-yr Hold Free & Clear
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388 Broad Hollow Rd, Farmingdale, NY 11735 For Sale
Contact for pricing 29,704 SF
388 Broad Hollow Rd, Farmingdale, NY 11735
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Property summary

AI-generated overview

This exceptional 33,000-square-foot industrial warehouse, situated on a 2-acre lot in South Farmingdale, New York, presents a compelling investment opportunity. Located at 388 Broadhollow Rd, Farmingdale, NY 11735, the property boasts a main building of 2,900 square feet with impressive 14-foot ceilings, two drive-in doors, and a 1,000-square-foot office space. The property currently functions as a self-storage facility, featuring 33 additional units, each with its own drive-in door (35 total drive-in doors), offering significant potential for expansion or redevelopment. The wide drive-in doors (8 feet wide) are ideal for storing various items, including cars, jet skis, and small boats. While there is no current Certificate of Occupancy for the multi-tenant buildings, the property offers substantial potential. The property benefits from excellent visibility with 100 feet of frontage on Route 110 and convenient access to sewer lines. The asking price is $6,500,000, translating to $196.97 per square foot. This property is perfect for an investor seeking a high-return opportunity in a prime Suffolk County location. The existing infrastructure and layout provide a solid foundation for a variety of uses, from continued self-storage operations to a complete redevelopment project. The substantial lot size and prominent road frontage offer significant development potential.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1961
Total area 29,704 SF
Lot 1.9 ac (82,764 SF)
Zoning code G
APN 0100-094.00-01.00-077.003
UPID US63-6087989

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

388 Broad Hollow Rd Farmingdale, NY 11735
Farmingdale metro Census 123201 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.20M
Blend (final) Blend
$4.55M

Owner & transaction history

since 2022
5 recorded transactions
2022
Price N/A
2017
$575,000
2017
Price N/A
2010
Price N/A
2006
Price N/A

Zoning & alternative use

G · Farmingdale, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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