Flex Space with Roll-Up
For Sale
$1,250,000
76 Foster Avenue, Hampton Bays, NY 11946
A high-clearance building with radiant heat and on-site parking is positioned near the water and Ponquogue Bridge.
Property Size3,813 SF
Lot Size0.45 Acres
Price / SF$327.83
Days on Market25
Property Features for 76 Foster Avenue
General Information
Standard status
Active
Size
3,813 SF
Total Parking Spaces
16
Lot size
0.45 Acres
Property subtype
Commercial
Zoning
RWB
Additional Details
Clear Height
27 ft
Currently Operating
Yes
Property Use
Marine Mechanic/Boat Repair
Taxes and HOA fees
Annual Taxes
$12,956
Amenities
LED lighting
high-rated windows
triple insulation
split-system A/C and heat
four zones of radiant heat
Building Details
Building Size
3,813 SF
Year Built
2011
Buildings
1
Stories
2
Listing Agency:
Shoreline Real Estate Advisors
(631) 542-0103
Listed By:
Anajanet Rios
(631) 871-2903
Source:
Croninreale
Added: Oct 2
Changed: Oct 25
Last Checked: Oct 26 at 3:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shoreline Real Estate Advisors
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Investment Insights
Based on property information with market context.
This flex building is used as a marine mechanic and boat repair shop. Its interior reaches 27 feet, with two 16' x 14' roll-up doors and 16+ parking spaces. Building features include LED lighting, high-rated windows, triple insulation, split-system air conditioning and heat, and four zones of radiant heat.
The property is at the entrance to the Ponquogue Bridge and near the water. It is zoned RWB, or Resort & Waterfront Business. Other commercial uses may be possible, subject to zoning and town approvals.
The property is at the entrance to the Ponquogue Bridge and near the water. It is zoned RWB, or Resort & Waterfront Business. Other commercial uses may be possible, subject to zoning and town approvals.
Key Highlights
- Flex building currently used for marine mechanic and boat repair work
- 27‑foot ceilings and two 16' x 14' roll‑up doors
- 16+ parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,136
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,720
$1.1M
Cap Rate 7%
$773,371
$773.4K
Cap Rate 9%
$601,511
$601.5K
Market Conditions
NOI Build-Up for 3,813 SF
Gross rent
$82.4K $21.60/SF
− Vacancy
−$5.0K −$1.32/SF
EGI
$77.3K $20.28/SF
− OpEx
−$23.2K −$6.08/SF
NOI
$54.1K $14.20/SF
Area
Suffolk County, NY
Vacancy
6.10%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,082,720
Cap Rate 7%
$773,371
Cap Rate 9%
$601,511
Alternative Uses
Best Use
Industrial
$773.4K
$676.7K – $902.3K
NOI $54,136 @ 7.0% cap · market cap 4.33%
Second Best
Flex RnD
$631.0K
$552.2K – $736.2K
NOI $44,173 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,313 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
27 ft
Clear height
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 11946, NY
15,535
Population
9,098
Households
1.7
Avg Household Size
42
Median Age
43%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
1,151
Density / Sq Mi
$128,844
Median Household Income
$53,259
Median Earnings
$2,288
Median Rent
$691,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Hamptons Catered Affairs — 32 Lighthouse Rd, Hampton Bays, NY 11946
- Long Island Lobster Bake — 32 Lighthouse Rd, Hampton Bays, NY 11946
Frequently Asked Questions
What type of property is this?
Flex space - A high-clearance building with radiant heat and on-site parking is positioned near the water and Ponquogue Bridge.
Where is this flex space located?
The property is located at 76 Foster Avenue Hampton Bays, NY.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Flex building currently used for marine mechanic and boat repair work; 27‑foot ceilings and two 16' x 14' roll‑up doors; 16+ parking spaces
