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Property profile & analytics
OFF-MARKET
Banks
248 Montauk Hwy, Hampton Bays, NY 11946-3510
Entity Owned
12-yr Hold
Free & Clear
Property ID
US63-0097591
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1993
Total area
2,800 SF
Lot
1 ac (43,560 SF)
Zoning code
SCB
APN
0900-255.00-01.00-006.002
UPID
US63-0097591
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
-
Citizens Bank Loan Service
-
Citizens ATM Atm
-
ATM (HSBC Bank) Atm
-
CM SR22 Insurance Group Financial Advisor Insurance Agency
-
Citizens Bank ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Doyle Realty LLC · 12 yrs held
Doyle Realty LLC
since 2014
4 recorded transactions
Zoning & alternative use
SCB · 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
—
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
$19,875
Tax year 2020
Assessed value
$1,213,000
Assessed 2023
Previous assessed
$1,213,000
+0.0% YoY
Effective rate
1.64%
On assessed value
Assessed land
$623,300
Assessed improvement
$589,700
Land market value
$896,835
Improvement market value
$848,489
Total market value
$1,745,324
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1993
Heating
NONE
Cooling
CENTRAL
Buildings
1
Total area
2,800 SF
Lot
1 ac (43,560 SF)
Zoning code
SCB
APN
0900-255.00-01.00-006.002
UPID
US63-0097591
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
SCB · Hampton Bays, NY
Zoning SCB · permitted uses
SCB · 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
1993
Heating
NONE
Cooling
Yes
Buildings
1
Lot
1 ac
Current owner
From public records · entity-resolved
Doyle Realty LLC
Entity
Free & Clear · 12 yrs held
Mailing address
500 OLD COUNTRY RD, GARDEN CITY, NY 11530-1901
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2023
—
Doyle Reality LLC
—
Deed
related
$2,000,000 · Thrivent Financial For Lutherins
Mar 31, 2014
$6,000,528
Doyle Realty LLC
Alrose Montauk Highway LLC
Grant Deed
—
Mar 31, 2014
—
Jaz Hamptone Bays LLC
Alrose Hampton Bays LLC
Quit Claim Deed
related
—
Apr 4, 2006
$13,100,000
H Alrose
Townline Plaza
Grant Deed
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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