814 Fulton StFarmingdale, NY 11735

Property Details for 814 Fulton St

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.85 AC

Property size (Sq ft)

4,774 SF

Property type

Office buildings

APN

49-166-00-0058

APU

49166000058

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $789,285

  6.5%

  $728,571

  7%

  $676,530

• Comparable approach

  Method

  Valuation

  Relative Method

  $623,771

  Geo Method

  $623,771

• Alternative Use

  Use

  Valuation

  Residential

  $903,428

  Hospitality

  $827,535

  Educational

  $688,499

  Medical

  $712,178

  Retail

  $1,070,999

Location Insight

City

Farmingdale

County

Nassau

State

New York

Latitude

40.7264

Longitude

-73.4425

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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