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    OFF-MARKET
    Hospitality properties

    22 Atlantic Walk, Fire Island, NY 11782

    9,148 SF 0.21 ac lot Built 1970
    Property ID
    Property summary
    AI-generated overview

    Exceptional opportunity to acquire The Madison, a luxurious 9-room hotel in the exclusive Fire Island Pines. This tastefully renovated (2023) property boasts 9,148 square feet across two, three-story buildings situated on a 0.21-acre lot. Each of the nine spacious guest rooms features a private bath, flat-screen TV, air conditioning, premium bedding, and luxurious amenities. The hotel includes a stunning heated pool, a large pool deck with lounge chairs, and an expansive roof deck offering panoramic views. The property's prime location provides unparalleled convenience, being just 60 seconds from both the beach and the harbor. Built in 1970, The Madison is zoned for both commercial and residential use, presenting significant upside potential for revenue growth through enhanced marketing and management. This profitable boutique hotel is situated in the heart of Fire Island Pines, a renowned upscale LGBTQ+ community. The property features 17-foot-high ceilings, custom wood floors, recessed lighting, and abundant natural sunlight. Financial details are available upon request to qualified buyers with a signed non-disclosure agreement. Don't miss this chance to own one of the most exclusive guest houses in Fire Island Pines.

    Property profile
    Verified
    Property type Hospitality properties
    Year built 1970
    Total area 9,148 SF
    Lot 0.21 ac (9,148 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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