Property profile

814 Fulton St Farmingdale, NY 11735

OFF-MARKET
Office buildings
Property ID
US63-1500553
4,774 SF 0.85 ac lot Built 1965
Entity Owned 28-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This fee-simple, 11,900 square foot office building in Farmingdale, NY, presents a compelling investment opportunity. Located at 814 Fulton Street, this single-story, Class C property boasts 62% occupancy across five units, including four tenant-occupied spaces and one 5,000 square foot vacant unit. The building features 60 parking spaces and two private entrances, catering to its diverse tenant base of medical and professional offices. Situated on a 0.85-acre lot (37,200 square feet), the property benefits from Business D zoning, allowing for mixed residential development. The asking price is $3,500,000, translating to $294.12 per square foot. Built in 1965, the building offers convenient access to the Farmingdale LIRR station (a 3-minute drive) and is surrounded by new transit-oriented developments. The owner-occupied 2,000 square foot unit (Unit B) presents a potential lease opportunity. This property offers a unique blend of immediate income and future development potential in a thriving location. No tenant credit rating is available.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1965
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 4,774 SF
Lot 0.85 ac (37,200 SF)
APN 49-166-00-0058
UPID US63-1500553

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Medical Clinic
  • Insurance Agency
  • HVAC Service General Contractor

Location

814 Fulton St Farmingdale, NY 11735-3638
Farmingdale metro Census 520402 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.35M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.21M

Owner & transaction history

since 1998
2 recorded transactions
1998
$1.2M
1969
Price N/A

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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