Farmingville, NY Commercial Investment Properties for Sale

Explore commercial real estate investment properties for sale in Farmingville, New York Market population: 16K. Compare commercial properties across all major asset classes...

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📊 Average Cap Rate For Farmingville NY Properties: 6.86%

⭐ Featured

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

$6,500,000

Buffalo Multifamily

Discover a compelling investment in Buffaloâ€™s vibrant market with this 65,000-square-foot garden-style apartment prope...

Cap Rate 7.56%

NOI $491,400

Size 65,000 SF

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📊 Avg Property Tax Rate For Farmingville NY Properties: 1.0800%

⭐ Featured

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

$1,750,000

Buffalo Multifamily

Discover a compelling multifamily investment opportunity in Buffalo, NY. This 12-unit apartment building, priced at $1,7...

Cap Rate 6.16%

NOI $107,842

Size 8,640 SF

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Investor Questions For Farmingville NY

Common questions from investors exploring commercial real estate in Farmingville NY.

What's the overall investment potential of Farmingville, NY? +

Farmingville, NY offers a stable investment market with a median household income of $93,368, a relatively low poverty rate of 4.5%, and a high health insurance coverage rate of 93.3%, indicating a strong and secure tenant base. The top industries, including Information and Public Administration, also suggest a diverse economy. With a median property value of $337,200 and an average commute time of 29.6 minutes, Farmingville presents an attractive opportunity for real estate investors.

How does the demographic diversity of Farmingville impact investment? +

The demographic diversity of Farmingville, with top ethnicities including White, White Non-Hispanic, and Hispanic, contributes to a vibrant and inclusive community, which can attract a wide range of tenants. Combined with a foreign-born rate of 14.5% and a median age of 36.7, this diversity suggests a dynamic and growing population, supporting long-term investment potential. The high homeownership rate of 86.9% also indicates a strong sense of community.

What are the key factors influencing rental yields in Farmingville? +

Rental yields in Farmingville are influenced by factors such as the median property value of $337,200, median property taxes of $4,031, and the average commute time of 29.6 minutes. The top commute methods, including driving alone and working from home, also impact the demand for rentals. With a poverty rate of 4.5% and a high health insurance coverage rate of 93.3%, tenants in Farmingville are likely to be reliable and stable, supporting consistent rental income.

How does the local economy impact real estate investment in Farmingville? +

The local economy in Farmingville, driven by top industries such as Information, Public Administration, and Construction, provides a stable foundation for real estate investment. The employed population of 8,281 and a median household income of $93,368 suggest a strong and growing economy. With an income inequality GINI coefficient of 0.352, the economy is relatively balanced, reducing the risk of investment. The high health insurance coverage rate of 93.3% also indicates a secure and stable workforce.

What are the quality-of-life factors that investors should consider in Farmingville? +

Quality-of-life factors in Farmingville, such as the average commute time of 29.6 minutes and the top commute methods, including driving alone and working from home, contribute to a convenient and comfortable living environment. The high health insurance coverage rate of 93.3% and a poverty rate of 4.5% also suggest a stable and secure community. With a median age of 36.7 and a diverse population, Farmingville offers an attractive quality of life, supporting long-term investment potential and rental demand.

Farmingville NY Real Estate & City Facts

Key facts and real estate information about Farmingville NY.

What are some of the best neighborhoods to live in Farmingville? +

Some of the best neighborhoods to live in Farmingville include areas with beautiful tree-lined streets, according to Nextdoor. Farmingville is also ranked as one of the most diverse suburbs in New York and one of the best suburbs for young professionals, according to Niche. However, some areas like Centereach are considered less desirable, as mentioned in a Reddit thread.

What are some fun things to do in Farmingville? +

Farmingville has several attractions, including the Pennysaver Amphitheater and the Catholic Health Amphitheater At Bald Hill, according to Tripadvisor. You can also visit the Patchogue Theatre for the Performing Arts or attend events like the Belmont Stakes in June, as mentioned on ILoveNY.com. Additionally, Farmingville Hills County Park offers various activities and trails to explore.

What is the food scene like in Farmingville? +

The food scene in Farmingville includes a variety of restaurants, such as Ole Restaurant, which serves Portuguese dishes, and Rio Douro Bistro, according to Yelp and Tripadvisor. You can also find seafood and Mediterranean options at Ole, and exceptional Italian cuisine at VESPA Italian Kitchen & Cocktails, as mentioned on OpenTable. There are also plenty of great food trucks and other dining options in the area.

What are the pros and cons of living in Farmingville? +

The pros of living in Farmingville include its peaceful and family-friendly atmosphere, beautiful neighborhoods, and various attractions and activities. However, some areas are considered less desirable, and the cost of living may be higher than in other parts of the country. Additionally, traffic and commute times can be a challenge, as mentioned in the Data USA API data.

Is Farmingville a good place to live? +

Farmingville can be a great place to live, offering a peaceful and family-friendly atmosphere, beautiful neighborhoods, and various attractions and activities. However, it's essential to weigh the pros and cons, considering factors like the cost of living, traffic, and commute times. Ultimately, whether Farmingville is a good place to live depends on individual preferences and priorities.

Farmingville, NY Commercial Investment Properties for Sale

Don’t just search properties. See why investors choose REI Capital.

📊 Average Cap Rate For Farmingville NY Properties: 6.86%

190 Manhattan Ave, Buffalo, NY â€“ Prime Multifamily Investment with 7.56% Cap Rate

📊 Avg Property Tax Rate For Farmingville NY Properties: 1.0800%

Prime Buffalo Multifamily Investment: 12-Unit Apartment Building with 6.16% Cap Rate

Investor Questions For Farmingville NY

Farmingville NY Real Estate & City Facts

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