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Hotel & Marina 72 Foster Ave

27 Room Hotel Hampton Bays, NY 11946 $10,500,000 ($388,889/Room)

Investment Highlights

  • Steps to the Ocean, Waterfront Hotel on 2.10 Acres
  • 36 Dock Slips, Pool, Double Boat Ramp
  • 9 structures totaling 10,783 square feet of finished space, main house, 17 hotel units, plus 10 cottage units
  • Over 5,000 square feet of unfinished space

Executive Summary

Experience unparalleled luxury at this remarkable Hamptons waterfront hotel and marina, a rare commercial opportunity spanning 2.10 acres just steps from the ocean and Dune Road. This exquisite property boasts over 10,700 square feet across nine separate buildings, including a charming 3-bedroom, 2-bath main house, an office, 17 hotel units, and 10 cottage units equipped with kitchens throughout, and a laundry facility. Guests can relax by the beautiful pool or explore the expansive marina, which offers 36 boat slips with prime access to Shinnecock Bay and the Atlantic Ocean. The marina also features a boat ramp, perfect for boat access, kayaking, paddle boarding, and jet skiing. Additionally, there is an unfinished 2,100 square foot boathouse that can be transformed into amenities, along with over 2,900 square feet of unfinished lower-level space. Ample parking with 56 spots ensures convenience for guests. Seize this incredible chance to own a waterfront hotel and marina, and a piece of paradise in the Hamptons. Located just before the Ponquogue Bridge, which leads to the famous Dune Road, and all top waterfront restaurants. Short drive to Southampton and 90 miles to Manhattan.

Property Facts

Price $10,500,000
Price Per Room $388,889
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 2.10 AC
Building Size 10,783 SF
No. Rooms 27
No. Stories 1
Year Built 1960
Parking Ratio 4.73/1,000 SF
Corridor Exterior

Amenities

  • Pool
  • High Speed Internet Access
  • Patio
  • Marina
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

Room Mix Information

Description No. Rooms Daily Rate SF
Suite 10 $349.00 -
Guest Room 17 $289.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0900-323-00-05-00-015-000
Land Assessment
$965,700
Improvements Assessment
$1,277,600
Total Assessment
$2,243,300

zoning

Zoning Code RWB (Residential)
RWB (Residential)
  • Listing ID: 32210992

  • Date on Market: 6/21/2024

  • Last Updated:

  • Address: 72 Foster Ave, Hampton Bays, NY 11946

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