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Property profile & analytics
FOR SALE
Commercial land

901 Main St Farmingdale, NY 11735

6,344 SF 0.9 ac lot Built 1952
Entity Owned 8-yr Hold ~ Est. High Equity
Property ID
US63-0257770
901 Main St, Farmingdale, NY 11735 For Sale
$1,435,000 6,344 SF
901 Main St, Farmingdale, NY 11735
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Property summary
AI-generated overview

This exceptional investment opportunity presents a 10,800 square foot daycare center located at 901 S. Main St, Farmingdale, NY 11735, in Nassau County's Oyster Bay town. Situated on a prominent corner lot spanning 40,219 square feet (.92 acres), the property boasts a new 15-year lease with "The Learning Experience," a reputable daycare provider. The lease includes two 5-year options, ensuring long-term stability. The annual gross rent commences at $411,654, with attractive 12% rent escalations every five years, significantly increasing future cash flow. The current Net Operating Income (NOI) stands at $345,000, representing a compelling return on investment. The property's parcel ID is 2489-49-287-00-0004-0. This turnkey investment offers a secure and profitable venture in a thriving market, presenting a rare opportunity for discerning investors seeking a strong, long-term, passive income stream. The asking price for this exceptional property is $5,611,000.

Property profile
Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1952
Total area 6,344 SF
Lot 0.9 ac (39,378 SF)
APN 49-287-00-0004
UPID US63-0257770
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
  • The Learning Experience - Farmingdale Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.35M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.44M
Owner & transaction history
901 S Main Street Realty LLC · 8 yrs held
901 S Main Street Realty LLC
since 2018
3 recorded transactions
2018
$1.4M
2017
$562,591
2006
$901,800
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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