223 w montauk hwy, hampton bays, ny 11946...| 125 newtown rd, suite 300 plainview, ny 11803 | (516)...

INVESTMENT SUMMARY

Information Shown Is Reported To Be From Reliable Sources. No Representation Is Made To The Accuracy Thereof And Is Submitted Subject To Change In Price, Omissions, Errors, Prior Sale Or Withdrawal Without Notice


Prime 10,000 SqFt o�ce building on Montauk HwyTenants reimburse 100% of the expensesLocated less than 1 mile from Sunrise HwyVacancy allows for high potential upsideParking lot to accommodate 45+ vehicles

INVESTMENT HIGHLIGHTS

$4,300,000 | 7.4% CAP

IncomeRent $315,845 Tax Reimb. $27,730 CAM Reimb. $10,653 Landscaping Reimb. $8,735 Insurance Reimb. $3,379 Total Income $366,342

ExpensesTax $27,730 CAM $10,653 Landscaping $8,735 Insurance $3,379 Total Expenses $50,497

Net Income $315,845

Tenant Lease Term Sq Ft%

Allocation $/Ft RentTax

Reimb.CAM

Reimb.Landscaping

Reimb.Insurance

Reimb.RBC Wealth Management 8/19-7/22 4,700 47% $36 $169,272 $12,895 $4,980 $4,105 $1,559 SightMD 2/17-1/27 2,500 25% $28 $70,973 $6,932 $2,676 $2,184 $860 Vacant (Projected) Vacant 2,500 25% $27 $67,500 $6,932 $2,676 $2,184 $860 Phoenix Group Delivered Vacant 300 3% $27 $8,100 $971 $321 $262 $100 Totals 10,000 100% $315,845 $27,730 $10,653 $8,735 $3,379

ADDITIONAL INFORMATION



RBC Wealth Management For more than a century, RBC Wealth Management has provided trusted advice and wealth manage-ment solutions to individuals, families and institu-tions across the world. This is a global company with numerous regional �rms across the US that has become one of the largest wealth management �rms in the country.

SightMD SightMD o�ers world-class comprehensive ophthal-mologic treatment and surgery at over 30 locations across Long Island, Westchester, and New York.

TENANT HIGHLIGHTS

$4,300,000 | 7.4% CAP

Block and steel structure built in 2008Hurricane proof windowsFully maintained Otis elevatorSecurity system with cameras5,000 SqFt basementElectric room

BUILDING HIGHLIGHTS

PROPERTY AERIAL



$4,300,000 | 7.4% CAP

W MONTAUK HWY - 10,102 VPD



$4,300,000 | 7.4% CAPNEIGHBORHOOD AERIAL

W MONTAUK HWY - 10,102 VPD

SUNRISE HWY

FLANDERS RD

HAMPTON BAYSELEMENTARY SCHOOL

HAMPTON BAYSMIDDLE SCHOOL

DEMOGRAPHICS


POPULATION:

2025 PROJECTION

2020 ESTIMATE

2010 CENSUS

GROWTH 2020-2025

GROWTH 2010-2020

2020 POPULATION HISPANIC ORIGIN

2020 POPULATION BY RACE:

WHITE

BLACK

AM. INDIAN & ALASKAN

ASIAN

HAWAIIAN & PACIFIC ISLAND

OTHER

U.S. ARMED FORCES:

HOUSEHOLDS:

2025 PROJECTION

2020 ESTIMATE

2010 CENSUS

GROWTH 2020 - 2025

GROWTH 2010 - 2020

OWNER OCCUPIED

RENTER OCCUPIED

2020 AVG HOUSEHOLD INCOME

1 MILE

4,035

3,907

3,142

3.28%

24.35%

1,344

3,675

107

13

41

11

59

4

1,465

1,421

1,152

3.10%

23.35%

997

424

$95,510

3 MILE

22,810

21,933

16,803

4.00%

30.53%

6,289

20,751

493

84

266

57

280

50

8,508

8,192

6,335

3.86%

29.31%

5,899

2,294

$108,820

5 MILE

31,333

30,123

23,051

4.02%

30.68%

8,838

27,941

1,058

206

392

76

450

67

11,482

11,047

8,498

3.94%

30.00%

7,960

3,087

$111,858


$4,300,000 | 7.4% CAP


PROPERTY PHOTOS



$4,300,000 | 7.4% CAP

HAMPTON BAYS | NEW YORK


Hampton Bays is a hamlet and census-designat-ed place (CDP) in Su�olk County, New York,

United States. The population was 13,603 at the 2010 census.

Hampton Bays is in the Town of Southampton.Ac-cording to the United States Census Bureau, the

CDP has a total area of 18.1 square miles (47.0 km2), of which 12.9 square miles (33.5 km2) is

land and 5.2 square miles (13.4 km2), or 28.54%, is water.[1] The hamlet is surrounded by three bays, the Great Peconic Bay to the north, and

Shinnecock and Tiana bays to the south. The two southern bays are a part of a greater bay system, called the Great South Bay system, which stretch-

es from approximately Southampton Village to Jamaica Bay in New York City. The Shinnecock

Canal, a man-made canal located in the eastern part of the hamlet, connects the Great Peconic Bay with the Shinnecock Bay. Shinnecock Inlet,

which leads from the Shinnecock Bay to the Atlantic Ocean, is the easternmost inlet, making it

very popular for commercial �shing.

$4,300,000 | 7.4% CAP


FOR MORE INFORMATION

125 Newtown Rd, Suite 300

Plainview, NY 11803

Main | (516) 864.8000

www.SilberProperties.com

223 W Montauk Hwy | Hampton Bays, NY 11946 $4,300,000 | 7.4% CAP

EXCLUSIVE

223 w montauk hwy, hampton bays, ny 11946...| 125 newtown rd, suite 300 plainview, ny 11803 | (516)...

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