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31 Ponquogue Ave - M.U.P.D.D./T.O.D 100 ft from Railroad Station
3.75 Acres of Commercial Land Offered at $8,995,000 in Hampton Bays, NY 11946
Investment Highlights
- - Muli Use Planned Development Opportunity in the Hamptons Long Island, N.Y.
- - Transit Oriented Grant Opportunity and Green Building Credits
- Walk to Downtown & Entertainment Venues
- - Less than 300 ft to M.T.A. / Long Island Railroad
- - Senior Housing up to ~120 Units
Executive Summary
Intersection sees over ~30,000 Vehicles Daily.
- Development Options:
Senior Housing (up to ~120 Units) or T.O.D.; Art Space w/ Residential; Mixed Use or Planned Development Ready.
Warehouse/ Self Storage / 3 Stories of Development Options
- 300 Ft to M.T.A./Long Island Rail Rd - Optimal for N.Y.S Grants & Transit Oriented Development (T.O.D) Credits. Green Credits Opportunity due to Walk ability & Mass Transit Scores.
- Steps to Downtown Main Street Pedestrian Corridor with Retail; Restaurants; Theaters; Town Square and Amphitheater
- New Overlay District (O.D.) Designation in Town of Hampton Bays approved. New Business Improvement District (B.I.D) for Main Street Commercial Corridor Redevelopment Project
- Biking Distance to World famous Dune Road Beaches, Shoreline Events & Restaurants
- Prime Millenium Development Opportunity and Retail.
- Sold Subject To Approvals
- Priced from $4,995,000 to $5,995,000 - 2.75 to 3.75 Acres Available
Financial Summary (Actual - 2017) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$114,998
|
$30,666.13
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$114,998
|
$30,666.13
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2017)
| Gross Rental Income | |
|---|---|
| Annual | $114,998 |
| Annual Per AC | $30,666.13 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $114,998 |
| Annual Per AC | $30,666.13 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
| Price | $8,995,000 | Proposed Use | |
| Sale Type | Investment | Building Class | B |
| No. Lots | 1 | Total Lot Size | 3.75 AC |
| Property Type | Land | Cross Streets | Fanning Ave |
| Property Subtype | Commercial |
| Price | $8,995,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Building Class | B |
| Total Lot Size | 3.75 AC |
| Cross Streets | Fanning Ave |
1 Lot Available
Lot
| Price | $8,995,000 | Lot Size | 3.75 AC |
| Price Per AC | $2,398,667 |
| Price | $8,995,000 |
| Price Per AC | $2,398,667 |
| Lot Size | 3.75 AC |
- 3.75 Acre Parcel ; 300Ft to L.I.R.R - Zoned M.U.P.D.D. (Multi Use Planned Development District) - Uses: Senior Housing (up to ~120 Units); T.O.D. ; Art Space Residential; Mixed Use or Planned Development - 300 Ft to M.T.A./Long Island Rail Rd
Description
Zoned M.U.P.D.D (Mixed Use Planned Development District) Self Storage; Mixed Residential & Retail or Other... Less than 300 Ft to Mass Transit Railroad - N.Y.C. to Montauk Line Uses qualify for Tier 1 - T.O.D. State and Federal Credits (Transit Oriented Development) Green Transportation Funding Applicable Steps to Downtown Commuter and Retail Corridor / Main Street Shopping; Restaurants & Theaters Biking Distance to World Famous Dune Rd Beaches & Seaside Attractions Located in New Town of Southampton Overlay District (O.D.) - Call for Development Upsides & B.I.D. Metrics Perfectly Situated for Senior Housing - Plans in Place Corner to Corner Property _ Includes up to Fanning Ave for Square Parcel
PROPERTY TAXES
| Parcel Number | 0900-263-00-04-00-002-000 | Improvements Assessment | $85,800 (2023) |
| Land Assessment | $276,200 (2023) | Total Assessment | $362,000 (2023) |
PROPERTY TAXES
zoning
| Zoning Code | C (Commercial) |
| C (Commercial) |
Presented by
31 Ponquogue Ave - M.U.P.D.D./T.O.D 100 ft from Railroad Station
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