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Property profile & analytics
FOR LEASE
Turn key restaurants
157 W Montauk Hwy, Hampton Bays, NY 11946
Entity Owned
8-yr Hold
Free & Clear
Property ID
US63-5806147
For Lease
1 / 4
$43 SF/Yr
157 W Montauk Hwy, Hampton Bays, NY 11946
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Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1998
Total area
3,271 SF
Lot
2.1 ac (91,476 SF)
Zoning code
HB
APN
0900-222.00-01.00-017.001
UPID
US63-5806147
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
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$695k
Owner & transaction history
Montauk 24 Realty LLC · 8 yrs held
Montauk 24 Realty LLC
since 2017
3 recorded transactions
Zoning & alternative use
HB · Hampton Bays, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hampton Bays submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hampton Bays submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$212 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$49,292
Tax year 2020
Assessed value
$3,144,600
Assessed 2023
Previous assessed
$3,144,600
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$956,300
Assessed improvement
$2,188,300
Land market value
$1,375,971
Improvement market value
$3,148,633
Total market value
$4,524,604
Applied tax rate
473,605.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1998
Heating
HOT WATER
Cooling
PARTIAL
Buildings
2
Stories
1
Bathrooms
2
Total area
3,271 SF
Lot
2.1 ac (91,476 SF)
Zoning code
HB
APN
0900-222.00-01.00-017.001
UPID
US63-5806147
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
HB · Hampton Bays, NY
Zoning HB · permitted uses
HB · Hampton Bays, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hampton Bays. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1998
Heating
HOT WATER
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
2
Lot
2.1 ac
Current owner
From public records · entity-resolved
Montauk 24 Realty LLC
Entity
Free & Clear · 8 yrs held
Mailing address
320 NASSAU BLVD, GARDEN CITY, NY 11530-5314
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2017
$3,200,000
Montauk 24 Realty LLC
Charos,thomas
Grant Deed
—
Jan 27, 2016
—
Thomas Charos
Charos Properties LLC
Quit Claim Deed
related
—
Mar 25, 2005
—
Charos Prop LLC
Charos,thomas
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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