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137 Montauk Hwy 13,000 SF 100% Leased Flex Building Westhampton, NY 11977 $5,275,000 ($405.77/SF) 4.94% Cap Rate
Investment Highlights
- 5-7%+ escalations, below market rents +++ upside
- Solid demographics, great location, easy access to all
- Highly sought after use in subject market - rare zoning
- Turn-Key
Executive Summary
Westhampton, NY – 13000+/- sq. ft, 100% occupied, Turn-Key - Rare find in Hamptons. Great tenant-base, solid leases, and escalations of 5-7%. Uses include but are not limited to; Specialty trade, contractor, warehouse, Flex, Storage, office, industrial, showroom, retail, professional, creative...Ideal for investor, end user or combination. Post purchase property management available separately.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$355,200
|
$27.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$355,200
|
$27.32
|
| Taxes |
$16,121
|
$1.24
|
| Operating Expenses |
$8,700
|
$0.67
|
| Total Expenses |
$24,821
|
$1.91
|
| Net Operating Income |
$330,379
|
$25.41
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $355,200 |
| Annual Per SF | $27.32 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $355,200 |
| Annual Per SF | $27.32 |
| Taxes | |
|---|---|
| Annual | $16,121 |
| Annual Per SF | $1.24 |
| Operating Expenses | |
|---|---|
| Annual | $8,700 |
| Annual Per SF | $0.67 |
| Total Expenses | |
|---|---|
| Annual | $24,821 |
| Annual Per SF | $1.91 |
| Net Operating Income | |
|---|---|
| Annual | $330,379 |
| Annual Per SF | $25.41 |
Property Facts
Utilities
- Lighting
- Gas - Propane
- Water - City
- Sewer - Septic Field
- Heating - Gas
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0900-369-00-03-00-006-000 | Total Assessment | $1,858,400 (2024) |
| Land Assessment | $312,300 (2024) | Annual Taxes | $16,121 ($1.24/SF) |
| Improvements Assessment | $1,546,100 (2024) | Tax Year | 2023 Payable 2023 |
Property Taxes
Parcel Number
0900-369-00-03-00-006-000
Land Assessment
$312,300 (2024)
Improvements Assessment
$1,546,100 (2024)
Total Assessment
$1,858,400 (2024)
Annual Taxes
$16,121 ($1.24/SF)
Tax Year
2023 Payable 2023
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137 Montauk Hwy
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