New search
Property profile & analytics
OFF-MARKET
Estimated value
$810,000
Showrooms
2488 Montauk Hwy, Bridgehampton, NY 11932
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US63-2747104
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1995
Total area
2,928 SF
Lot
1.22 ac (53,143 SF)
Zoning code
VB
APN
0900-069.00-05.00-034.001
UPID
US63-2747104
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
-
Starbucks Cafe & Coffee Shop
-
Bridgehampton Psychic Astrologer and Tarot Card Reader Spiritual Center
-
Paul Brennan - Douglas Elliman Real Estate Real Estate Agency
-
Beacon Pointe Advisors Financial Advisor
-
Pure Property Group Property Management Company Real Estate Developer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$505k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$573k
Blend (final)
Blend
$810k
Owner & transaction history
Csm Realty Services LLC · 9 yrs held
Csm Realty Services LLC
since 2017
7 recorded transactions
Zoning & alternative use
VB · Bridgehampton, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.1M
+22.3%
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
by Request
ML approach
$505,000
CAP Approach
CAP Return
Estimation
6%
$870,000
6.5%
$800,000
7%
$745,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$880,000
Current use
AUTO REPAIR, GARAGE
$1,075,000
Change: +22% · Conversion: Difficult
Blend value · Realmo final
$810k
Range $729k – $891k · ±10%
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
$277 / 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
$16,089
Tax year 2020
Assessed value
$4,343,000
Assessed 2023
Previous assessed
$4,343,000
+0.0% YoY
Effective rate
0.37%
On assessed value
Assessed land
$1,041,300
Assessed improvement
$3,301,700
Land market value
$1,498,273
Improvement market value
$4,750,647
Total market value
$6,248,920
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1995
Heating
NONE
Cooling
CENTRAL
Buildings
1
Total area
2,928 SF
Lot
1.22 ac (53,143 SF)
Zoning code
VB
APN
0900-069.00-05.00-034.001
UPID
US63-2747104
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
VB · Bridgehampton, NY
Zoning VB · permitted uses
VB · 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
COMMERCIAL (GENERAL) Current
Est. value
$880,000
AUTO REPAIR, GARAGE
Est. value
$1.1M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
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
1995
Heating
NONE
Cooling
Yes
Buildings
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Csm Realty Services LLC
Entity
Mailing address
8634 18TH AVE, BROOKLYN, NY 11214-3738
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
—
Csm Realty Services LLC
—
Deed
related
$224,950 · Td Bank NA
Jan 30, 2017
$10,300,000
Csm Realty Services LLC
Bnb Property LLC
Grant Deed
$6,500,000 · Td Bk NA
—
—
Bnb Property LLC
—
Deed Of Trust
related
$2,402,698 · Bridgehampton National Bank
—
—
Bnb Property LLC
—
Deed Of Trust
related
$1,983,671 · Bridgehampton National Bank
—
—
Bnb Property LLC
—
Deed Of Trust
related
$750,000 · Bridgehampton National Bank
—
—
Bnb Ventures IV LLC
—
Deed Of Trust
related
$1,569,063 · Bridgehampton Nat'l Bk
—
—
Bnb Property LLC
—
Deed Of Trust
related
$175,000 · Bridgehampton National Bank
—
—
Bnb Property LLC
—
Deed Of Trust
related
$180,000 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2488 Montauk Hwy?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
