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154-168 Montauk Hwy

7,600 SF 100% Leased Retail Building Blue Point, NY 11715 £1,975,025 (£260/SF) 6.94% Net Initial Yield

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Investment Highlights

On main road in Blue Point.

Executive Summary

Small shopping center. Only 1 vacancy! Long-term tenants.

BP400750_survey

BP400750_plan

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	£209,865	£27.61
Other Income	-	-
Vacancy Loss	-	-
Effective Gross Income	£209,865	£27.61
Taxes	-	-
Operating Expenses	-	-
Total Expenses	£72,726	£9.57
Net Operating Income	£137,139	£18.04

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	£209,865
Annual Per SF	£27.61

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	£209,865
Annual Per SF	£27.61

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	£72,726
Annual Per SF	£9.57

Net Operating Income
Annual	£137,139
Annual Per SF	£18.04

Property Facts

Sale Type

Investment

Property Type

Retail

Property Subtype

Freestanding

Building Size

7,600 SF

Building Class

Year Built

1970

Price

£1,975,025

Price Per SF

£260

Net Initial Yield

6.94%

NOI

£137,139

Percent Leased

100%

Tenancy

Multiple

Number of Floors

Building FAR

0.14

Land Acres

1.25 AC

Zoning

Commercial

Parking

30 Spaces (3.95 Spaces per 1,000 SF Leased)

Frontage

149 ft 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

Del Rio Salon and Day Spa
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-
-
-

Grill On
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-
-
-

Tenant	Industry	SF OCCUPIED	RENT/SF	Lease End
Del Rio Salon and Day Spa	-	-	-	-
Grill On	-	-	-	-

PROPERTY TAXES

Parcel Number	0200-980-80-08-00-044-000	Improvements Assessment	£5,760 (2023)
Land Assessment	£947 (2023)	Total Assessment	£6,706 (2023)

PROPERTY TAXES

Parcel Number

0200-980-80-08-00-044-000

Land Assessment

£947 (2023)

Improvements Assessment

£5,760 (2023)

Total Assessment

£6,706 (2023)

Listing ID: 11115910
Date on Market: 26/09/2017
Last Updated:
Address: 154-168 Montauk Hwy, Blue Point, NY 11715

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