This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

Close
You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

963 characters remaining

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

We will automatically send your friend a one-time email inviting him or her to visit the site. LoopNet stores this information for the sole purpose of sending this one-time email and tracking the success of our referral program. View LoopNet's Privacy Policy

thank you

Your email has been sent!

137 Montauk Hwy

13,000 SF 100% Leased Flex Building Westhampton, NY 11977 $5,450,000 ($419/SF) 4.78% Cap Rate

Flex Space New York Westhampton 137 Montauk Hwy, Westhampton, NY 11977

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.

Attachments

137 MONTAUK PROFORMA_2023_LC
SITE PLAN_137 MONTAUK HIGHWAY

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

Price $5,450,000 Building Class C
Price Per SF $419 Lot Size 1.00 AC
Sale Type Investment Rentable Building Area 13,000 SF
Cap Rate 4.78% No. Stories 1
Property Type Flex Year Built 2003
Property Subtype
Light Manufacturing
  • Flex Showroom
  • Industrial Warehouse
  • Office Industrial Live Work Unit
 Parking Ratio 2.38/1,000 SF
Price $5,450,000
Price Per SF $419
Sale Type Investment
Cap Rate 4.78%
Property Type Flex
Property Subtype
Light Manufacturing
  • Flex Showroom
  • Industrial Warehouse
  • Office Industrial Live Work Unit
Building Class C
Lot Size 1.00 AC
Rentable Building Area 13,000 SF
No. Stories 1
Year Built 2003
Parking Ratio 2.38/1,000 SF

Utilities

  • Lighting
  • Gas - Propane
  • Water - City
  • Sewer - Septic Field
  • Heating - Gas
1 of 1

PROPERTY TAXES

Parcel Number 0900-369-00-03-00-006-000 Total Assessment $1,858,400
Land Assessment $312,300 Annual Taxes $16,121 ($1.24/SF)
Improvements Assessment $1,546,100 Tax Year 2023 Payable 2023

PROPERTY TAXES

Parcel Number
0900-369-00-03-00-006-000
Land Assessment
$312,300
Improvements Assessment
$1,546,100
Total Assessment
$1,858,400
Annual Taxes
$16,121 ($1.24/SF)
Tax Year
2023 Payable 2023

zoning

Zoning Code Commercial (Specialty trade, contractor, retail, office, professional, creative, warehouse, storage)
Commercial (Specialty trade, contractor, retail, office, professional, creative, warehouse, storage)
(631) 872-0280

  • Listing ID: 24678042

  • Date on Market: 12/16/2021

  • Last Updated:

  • Address: 137 Montauk Hwy, Westhampton, NY 11977

1 of 4
VIDEOS
3D TOUR
PHOTOS
STREET VIEW STREET
MAP

1/4
137 Montauk Hwy, Westhampton, NY for sale Building Photo- Image 1 of 4
Front and Side
137 Montauk Hwy, Westhampton, NY for sale Building Photo- Image 2 of 4
Front
137 Montauk Hwy, Westhampton, NY for sale Construction Photo- Image 3 of 4
Building Photo

1 of 1

Connect with us

© 2024 CoStar Group

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

137 Montauk Hwy
(631) 872-0280 x

137 Montauk Hwy

1/2

Lawrence Citarelli

(631) 872-0280

(631) 872-0280

Denise Stieve

(631) 513-9434

(631) 513-9434

Already a member? Log In

First Name*

Last Name*

Please enter an email address.

Email*

Phone*

Ext (optional)

Company (optional)

Please leave a message.

Message*

{{messageTextLength}} out of 600

New to LoopNet? No problem. We'll automatically create a free account for you. By clicking the button, you agree to LoopNet's Terms of Use and Privacy Policy.

Hmm, there seems to have been an error sending your message. Please try again.

Thanks! Your message was sent.

Send another message

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}
You can provide feedback any time using the Help button at the top of the page.

Share Link