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18 N Shore Rd 7 Unit Apartment Building $2,999,000 ($428,429/Unit) Montauk, NY 11954



EXECUTIVE SUMMARY
A RARE OPPORTUNITY TO OWN a one-of-a-kind, Multi-Family, Commercial/Residential property in beautiful Montauk! The property comprises 5 Cottages, a Main House with two separate apartments, as well as two accessory structures, all situated on a 1 acre parcel. Low Taxes! In addition, It is adjacent to the Lee E. Koppelman Nature Preserve, where one can enjoy 777 acres of untouched forest, and a hidden pond, accessible by trails. It is also just down the road from Fort Pond Bay and the Edward Vincent Ecker, Sr. County Park, featuring a fishing pier, a beach suitable for launching kayaks and canoes, as well as offering easy access to vast trails in Hither Woods Preserve. The location is just a short distance from Montauk's world-renowned ocean beaches; ideal for surfing, swimming and fishing, as well as the vibrant center of Montauk town, with its plentiful restaurants, shops and down-to-earth beach vibe. The 5 Cottages exude old-world charm and appeal from Montauk's days past, and it's preeminence as the "Surf Fishing Capital of the World," as well as being New York State's largest commercial fishing port. Their pre-existing, non-conforming status, as well as the property's mixed-use, commercial zoning, allow for a wide range of opportunities. Use your imagination with this property, whether to retain as an investment vehicle, or repurpose to suit your specfic needs. Some potential uses may include workforce housing or a family compound. Whatever your choice, Montauk is a highly sought-after, Premier Destination, and this offering will not last! Live the Montauk Dream today!
PROPERTY FACTS
| Price | $2,999,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $428,429 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.99 AC |
| No. Units | 7 | Building Size | 3,572 SF |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1960 |
| Zoning | Commercial | ||
| Price | $2,999,000 |
| Price Per Unit | $428,429 |
| Sale Type | Investment |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 3,572 SF |
| No. Stories | 1 |
| Year Built | 1960 |
| Zoning | Commercial |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
PROPERTY TAXES
| Parcel Number | 0300-027-00-04-00-010-000 | Improvements Assessment | $3,800 |
| Land Assessment | $1,000 | Total Assessment | $4,800 |
PROPERTY TAXES
Parcel Number
0300-027-00-04-00-010-000
Land Assessment
$1,000
Improvements Assessment
$3,800
Total Assessment
$4,800
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18 N Shore Rd
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