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27152593
27152592

137 Montauk Hwy, Westhampton, NY 11977

LC
NY, NY 10491206434
First Hampton
Listed by First Hampton
$5,275,000
1298 days on market
Updated 108 days ago

137 Montauk Hwy

Details
Property Type Industrial, Mixed Use (+3)
Sub Type Flex, Storefront (+1)
Square Footage 13,000
Net Rentable (SqFt) 13,000
Units 7
Cap Rate 5.00%
NOI $261,002
Occupancy 100%
Tenancy Multi
Lease Type Modified
Lease Term 8
Lease Expiration 12/31/2027
Remaining Term 1.6
Rent Bumps Yes
Lease Options 1
Pro-Forma Cap Rate 5.00%
Pro-Forma NOI $261,002
Broker Co-Op Yes
Class B
Year Renovated 2020
Buildings 2
Stories 1
Acreage 1.000
Zoning Pre existing - specialty
Parking Spaces 56 spaces
Parking Per SqFt 4.31
Investment Type Stabilized
Lease Commencement 01/01/2020
Ceiling Height 16+
Loading Docks 1
Dock High Doors 1
Ownership Private
Sale Condition For sale by owner

Opportunity with Great Income and high upside! Rare find/zoning in a highly sought after market.

Marketing description

Opportunity with Great Income! Rare find/zoning in a highly sought-after market. Potential Value add.

Westhampton NY - Wealth Building Investment Opportunity! Investment Opportunity! 13000+/- sq ft, 100% occupied, Attractive current Return On Investment(ROI) with UPSIDE -Turn Key - Rare find in the subject area. Ideal for investor/end-user or combination. Uses include but are not limited to; Specialty trade, contractor, warehouse, Flex, Storage, office, industrial, showroom, retail, professional, and creative. Easy access to all, great demographics, and large demand for this use in the area. Great tenant-based, solid leases, and escalations. current 260,451 NOI with potential to over $360,000.

Investment highlights

5-7% Escalations

Highly sought-after use in subject market

Rare Use

Solid demographics

Great location with easy access to all

Listing Contacts

LC
NY, NY 10491206434
First Hampton
Listed by First Hampton

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$261,002.00
$21,750.17/mo

Valuation Metrics

0
DSCR
4.95%
Cap Rate
4.95%
ROI

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Additional Information

Name
Lawrence Citarelli
License
First Hampton International Realty
Brokerage
First Hampton International
Title
Broker of Record
Brokerage Address
50 Main St. Westhampton Beach NY
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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