Versatile Warehouse with Office
342 Montauk Highway Wainscott, NY 11937
342 Montauk Highway, Wainscott, NY, 11937
$8,995,000
For Sale
$8,995,000
COMMERCIAL - Wainscott, NY
Property Size27,214 SF
Lot Size0.62 Acres
Price / SF$330.53
Days on Market668
Property Features for 342 Montauk Highway
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0300-197.000-0002-016.000
- Size
- 27,214 SF
- Lot size
- 0.62 Acres
Listing agency
Compass
(212) 913-9058
Listed by
Jeffrey Sztorc · License #10401279108
(212) 913-9058
Added: Sep 22, 2024 Updated: Jul 18 at 10:29PM Checked: Jul 21 at 10:06AM
MLS# 11346033
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This versatile warehouse facility consists of four interconnected buildings with covered exterior space and office support. Ceiling heights range from approximately 19 to 29 feet, providing flexibility for a variety of commercial and industrial uses under Commercial/Industrial (CI) zoning. A main office building includes three private offices, a kitchen, a conference room, and workstations, and connects to the warehouse through a covered loading dock.
The warehouse portion includes loading docks, roll doors, and enclosed covered space between Buildings 2 and 3. Covered outdoor loading is included, with additional covered loading dock access and roll door features across the warehouse buildings. The site is highway-facing and provides private parking, with access designed to avoid heavy congestion areas.
The enclosed and covered components are distributed across the complex, including an office connected to warehouse loading, multiple warehouse buildings with varying ceiling heights, and an enclosed area between Buildings 2 and 3. The overall configuration supports an owner-operator setup or potential subdivision into leasable spaces.
The warehouse portion includes loading docks, roll doors, and enclosed covered space between Buildings 2 and 3. Covered outdoor loading is included, with additional covered loading dock access and roll door features across the warehouse buildings. The site is highway-facing and provides private parking, with access designed to avoid heavy congestion areas.
The enclosed and covered components are distributed across the complex, including an office connected to warehouse loading, multiple warehouse buildings with varying ceiling heights, and an enclosed area between Buildings 2 and 3. The overall configuration supports an owner-operator setup or potential subdivision into leasable spaces.
Key Highlights
- Over 27,000 SF warehouse facility across four interconnected buildings on 0.62 acres in Wainscott (Montauk Highway).
- CI zoning supports a range of commercial/industrial uses; ceiling heights range from 19' to 29'.
- Four‑building layout includes covered loading dock access plus roll doors across multiple warehouse bays.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $760.9k | $27.96 |
| − Vacancy | −$137.0k | −$5.03 |
| EGI | $623.9k | $22.93 |
| − OpEx | −$156.0k | −$5.73 |
| NOI | $468.0k | $17.20 |
27,214 SF · lease $27.96/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.69M
$5.85M – $7.80M
NOI $467,956 @ 7.0% cap · market cap 5.20%
Second Best
Warehouse
$5.96M
$5.21M – $6.95M
NOI $417,040 @ 7.0% cap · market cap 4.64%
Theoretical Best
Office A
$8.29M
$7.25M – $9.67M
NOI $580,345 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Home Sweet Home ...
Moving Company
Similar Off Market Nearby
- SOFO Sandwich Co. — 84 Wainscott NW Rd, Wainscott, NY 11975
- The Seafood Shop Catering Company — 356 Montauk Hwy 2nd floor suite, Wainscott, NY 11975
FAQs
What type of property is this?
Flex space - Four interconnected warehouse buildings with covered loading and a main office, totaling 27,000+ square feet on 0.62 acres.
Where is this flex space located?
The property is located at 342 Montauk Highway Wainscott, NY.
What is the asking price?
The asking price for this property is $8,995,000.
What are key features of this property?
This property features: Over 27,000 SF warehouse facility across four interconnected buildings on 0.62 acres in Wainscott (Montauk Highway).; CI zoning supports a range of commercial/industrial uses; ceiling heights range from 19' to 29'.; Four‑building layout includes covered loading dock access plus roll doors across multiple warehouse bays.
