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137 Montauk Hwy 13,000 SF 100% Leased Flex Building Westhampton, NY 11977 $7,467,976 CAD ($574.46 CAD/SF) 4.94% Cap Rate
Investment Highlights
- 5-7%+ escalations, below market rents +++ upside
- Solid demographics, great location, easy access to all
- Highly sought after use in subject market - rare zoning
- Turn-Key
Executive Summary
Westhampton, NY – 13000+/- sq. ft, 100% occupied, Turn-Key - Rare find in Hamptons. Great tenant-base, solid leases, and escalations of 5-7%. Uses include but are not limited to; Specialty trade, contractor, warehouse, Flex, Storage, office, industrial, showroom, retail, professional, creative...Ideal for investor, end user or combination. Post purchase property management available separately.
Data Room Click Here to Access
- Operating and Financials
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$502,867
|
$38.68
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$502,867
|
$38.68
|
| Taxes |
$22,823
|
$1.76
|
| Operating Expenses |
$12,317
|
$0.95
|
| Total Expenses |
$35,140
|
$2.70
|
| Net Operating Income |
$467,727
|
$35.98
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $502,867 |
| Annual Per SF | $38.68 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $502,867 |
| Annual Per SF | $38.68 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,823 |
| Annual Per SF | $1.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,317 |
| Annual Per SF | $0.95 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $35,140 |
| Annual Per SF | $2.70 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $467,727 |
| Annual Per SF | $35.98 |
Property Facts
Utilities
- Lighting
- Gas - Propane
- Water - City
- Sewer - Septic Field
- Heating - Gas
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 0900-369-00-03-00-006-000 | Total Assessment | $2,561,135 CAD (2025) |
| Land Assessment | $430,393 CAD (2025) | Annual Taxes | $22,823 CAD ($1.76 CAD/SF) |
| Improvements Assessment | $2,130,742 CAD (2025) | Tax Year | 2023 Payable 2023 |
Property Taxes
Parcel Number
0900-369-00-03-00-006-000
Land Assessment
$430,393 CAD (2025)
Improvements Assessment
$2,130,742 CAD (2025)
Total Assessment
$2,561,135 CAD (2025)
Annual Taxes
$22,823 CAD ($1.76 CAD/SF)
Tax Year
2023 Payable 2023
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137 Montauk Hwy
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