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97 N Sea Rd 6,015 SF 100% Leased Office Building Southampton, NY 11968 $3,600,000 ($598.50/SF) 5.72% Cap Rate
Investment Highlights
- 100% Leased Boutique Office Asset Near Southampton Village
- ±43 Parking Spaces | Exceptional ±7.1 Spaces per 1,000 SF
- Near-Term Owner-User or Repositioning Optionality Beginning in 2027
Executive Summary
Cushman & Wakefield has been exclusively retained to offer for sale 97 N Sea Road, a fully leased boutique office asset positioned near Southampton Village in one of the East End’s most established commercial markets.
The ±6,015 SF property is situated on ±1.25 acres and features four office suites, single-story accessibility and approximately 43 on-site surface parking spaces, providing an exceptional parking ratio of approximately 7.1 spaces per 1,000 SF.
The offering combines immediate in-place cash flow with meaningful near-term owner-user and repositioning optionality. Existing lease expirations are concentrated between January and April 2027, providing a purchaser with the flexibility to renew existing tenancy, reposition suites, consolidate space or occupy all or a portion of the building, subject to existing leases.
The ±6,015 SF property is situated on ±1.25 acres and features four office suites, single-story accessibility and approximately 43 on-site surface parking spaces, providing an exceptional parking ratio of approximately 7.1 spaces per 1,000 SF.
The offering combines immediate in-place cash flow with meaningful near-term owner-user and repositioning optionality. Existing lease expirations are concentrated between January and April 2027, providing a purchaser with the flexibility to renew existing tenancy, reposition suites, consolidate space or occupy all or a portion of the building, subject to existing leases.
Financial Summary (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Office
Building Size
6,015 SF
Building Class
B
Year Built
1997
Price
$3,600,000
Price Per SF
$598.50
Cap Rate
5.72%
NOI
$205,966
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
6,015 SF
Slab To Slab
12’
Building FAR
0.11
Lot Size
1.25 AC
Zoning
Office Business - Office Business
Parking
43 Spaces (7.15 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0904-005-00-01-00-014-001 | Total Assessment | $1,974,400 (2025) |
| Land Assessment | $840,700 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,133,700 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
0904-005-00-01-00-014-001
Land Assessment
$840,700 (2025)
Improvements Assessment
$1,133,700 (2025)
Total Assessment
$1,974,400 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
Contacts
-
Daniel Abbondandolo -
Joegy Raju -
Thomas Kehoe -
Victor Little -
Cushman & Wakefield
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