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137 Montauk Hwy 13,000 SF 100% Leased Flex Building Westhampton, NY 11977 $7,193,306 CAD ($553.33 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 |
$484,372
|
$37.26
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$484,372
|
$37.26
|
| Taxes |
$21,984
|
$1.69
|
| Operating Expenses |
$11,864
|
$0.91
|
| Total Expenses |
$33,847
|
$2.60
|
| Net Operating Income |
$450,525
|
$34.66
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $484,372 |
| Annual Per SF | $37.26 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $484,372 |
| Annual Per SF | $37.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $21,984 |
| Annual Per SF | $1.69 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $11,864 |
| Annual Per SF | $0.91 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,847 |
| Annual Per SF | $2.60 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $450,525 |
| Annual Per SF | $34.66 |
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 | $2,525,138 CAD (2025) |
| Land Assessment | $424,344 CAD (2025) | Annual Taxes | $21,984 CAD ($1.69 CAD/SF) |
| Improvements Assessment | $2,100,794 CAD (2025) | Tax Year | 2023 Payable 2023 |
Property Taxes
Parcel Number
0900-369-00-03-00-006-000
Land Assessment
$424,344 CAD (2025)
Improvements Assessment
$2,100,794 CAD (2025)
Total Assessment
$2,525,138 CAD (2025)
Annual Taxes
$21,984 CAD ($1.69 CAD/SF)
Tax Year
2023 Payable 2023
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137 Montauk Hwy
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