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    Property profile & analytics
    OFF-MARKET Estimated value $1,160,000
    Retail properties & Spaces

    42 Hempstead Tpke, Farmingdale, NY 11735-2026

    1,239 SF 0.96 ac lot Built 1960
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-2157301
    Property summary
    AI-generated overview

    This exceptional mixed-use property presents a unique investment opportunity for discerning buyers. Strategically located on Hempstead Turnpike (Route 24) in Farmingdale, NY, this high-visibility site boasts excellent accessibility with a traffic light at the corner and dedicated turning lanes for both east and westbound traffic. The property's footprint extends to Merritts Road, providing additional ingress and egress points with north/south access and three curb cuts. The substantial 41,630 square foot building currently houses an operational nursery and sits on a 1.61-acre lot (approximately 70,000 square feet), encompassing sections 49, block 255, and lot 13. The property's potential extends beyond its current use, offering significant redevelopment possibilities. This presents a chance to capitalize on the existing cash flow generated by the commercial and residential components. Further enhancing the investment potential, two adjacent residential properties at 40 Hempstead Turnpike (lots #11 and #18 on 100 Merritts Road) are also available for purchase, totaling nearly two acres. Note that tax grievances have been filed on the nursery and both residential homes. This prime location and substantial acreage offer tremendous potential for a variety of uses and significant returns. The property's size and strategic location make it an ideal candidate for expansion or redevelopment.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Use group NURSERY, GREENHOUSE, FLORIST
    Year built 1960
    Construction FRAME
    Total area 1,239 SF
    Lot 0.96 ac (41,643 SF)
    APN 49-255-00-0013
    UPID US63-2157301
    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
    • Ralph's Nursery & Garden Center Garden Center Landscaping
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.16M
    Blend (final) Blend
    $1.16M
    Owner & transaction history
    Ralph D Demartino · 20 yrs held
    Ralph D Demartino
    since 2006
    2 recorded transactions
    2006
    2005
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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