154-168 Montauk Hwy
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154-168 Montauk Hwy
7,600 SF 89% Leased Retail Building Blue Point, NY 11715 $2,500,000 ($328.95/SF) 6.94% Cap Rate
INVESTMENT HIGHLIGHTS
- On main road in Blue Point.
EXECUTIVE SUMMARY
Small shopping center. Only 1 vacancy! Long-term tenants.
FINANCIAL SUMMARY (PRO FORMA - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$265,649
|
$34.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$265,649
|
$34.95
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$92,057
|
$12.11
|
| Net Operating Income |
$173,592
|
$22.84
|
FINANCIAL SUMMARY (PRO FORMA - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $265,649 |
| Annual Per SF | $34.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $265,649 |
| Annual Per SF | $34.95 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $92,057 |
| Annual Per SF | $12.11 |
| Net Operating Income | |
|---|---|
| Annual | $173,592 |
| Annual Per SF | $22.84 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
7,600 SF
Building Class
C
Year Built
1970
Price
$2,500,000
Price Per SF
$328.95
Cap Rate
6.94%
NOI
$173,592
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
1.25 AC
Zoning
Commercial
Parking
30 Spaces (3.95 Spaces per 1,000 SF Leased)
Frontage
149’ on Main St
AMENITIES
- Dedicated Turn Lane
- Pylon Sign
- Drive Thru
ABOUT 154-168 MONTAUK HWY , BLUE POINT, NY 11715
Small Shopping Center on main road. 100% occupancy. Professional.
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Del Rio Salon and Day Spa
- -
- -
- -
- -
- Grill On
- -
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Del Rio Salon and Day Spa | - | - | - | - | ||
| Grill On | - | - | - | - |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Inline, retail, former ice cream parlor.
| Space | Size | Space Use | Position | Available |
| 166 | 840 SF | Retail | In-Line | Now |
166
| Size |
| 840 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
166
| Size | 840 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Inline, retail, former ice cream parlor.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0200-980-80-08-00-044-000 | Improvements Assessment | $7,300 (2023) |
| Land Assessment | $1,200 (2023) | Total Assessment | $8,500 (2023) |
PROPERTY TAXES
Parcel Number
0200-980-80-08-00-044-000
Land Assessment
$1,200 (2023)
Improvements Assessment
$7,300 (2023)
Total Assessment
$8,500 (2023)
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154-168 Montauk Hwy
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