901 Main StFarmingdale, NY 11735

Property Details for 901 Main St

Year built

1952

Lot size

0.90 AC

Property size (Sq ft)

6,344 SF

Property type

Commercial land

APN

49-287-00-0004

APU

49287000004

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $1,200,533

  Hospitality

  $1,099,682

  Educational

  $914,922

  Medical

  $946,388

  Retail

  $1,423,212

Location Insight

City

Farmingdale

County

Nassau

State

New York

Latitude

40.7144

Longitude

-73.4326

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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