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Property profile & analytics
OFF-MARKET
Estimated value
$12,500,000
Banks
2200 Montauk Hwy, Bridgehampton, NY 11932-4001
Entity Owned
1-yr Hold
Free & Clear
Property ID
US63-2976483
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2002
Total area
10,010 SF
Lot
3.4 ac (148,104 SF)
Zoning code
OD
APN
0900-085.00-01.00-027.001
UPID
US63-2976483
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
Current use
Occupant on record · Public records
-
Bridge Bancorp Inc. Bank Loan Service
-
Bridge Abstract LLC Title Company
-
Dime Community Bank Bank Loan Service
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.50M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.50M
Owner & transaction history
225 Buttler Lane LLC · 1 yrs held
225 Buttler Lane LLC
since 2025
Last sale
$12.5M
3 recorded transactions
Zoning & alternative use
OD · Bridgehampton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.7M
+152.2%
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 Bridgehampton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgehampton 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
Method
Estimation
Statistic approach
$12,500,000
ML approach
$12,500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,650,000
Change: +152% · Conversion: Difficult
Blend value · Realmo final
$12.50M
Range $11.25M – $13.75M · ±10% · vs last sale $12.50M (Jul 29 2024)
Last sale anchor
$12.50M
Jul 29 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$1,249 / 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
$4,186
Tax year 2020
Assessed value
$8,366,800
Assessed 2023
Previous assessed
$8,366,800
+0.0% YoY
Effective rate
0.05%
On assessed value
Assessed land
$1,550,500
Assessed improvement
$6,816,300
Land market value
$2,230,935
Improvement market value
$9,807,626
Total market value
$12,038,561
Applied tax rate
473,609.0000
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2002
Heating
NONE
Cooling
CENTRAL
Buildings
1
Total area
10,010 SF
Lot
3.4 ac (148,104 SF)
Zoning code
OD
APN
0900-085.00-01.00-027.001
UPID
US63-2976483
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
OD · Bridgehampton, NY
Zoning OD · permitted uses
OD · Bridgehampton, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgehampton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.7M
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Heating
NONE
Cooling
Yes
Buildings
1
Lot
3.4 ac
Current owner
From public records · entity-resolved
225 Buttler Lane LLC
Entity
Free & Clear · 1 yrs held
Mailing address
2331 PO BOX 3005TH HWY, BRIDGEHAMPTON, NY 11932-3005
Ownership since
2025
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
Jun 27, 2025
—
225 Buttler Lane LLC
225 Buttler Lane LLC
Deed
—
Jul 29, 2024
$12,500,000
2200 Montauk LLC
Bridgehampton Natl Bk
Deed
$9,000,000 · 1st Natl Bk Pon Islnd
—
—
Raynor,tr
—
Deed Of Trust
related
$80,000 · Bridgehampton National Bank
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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