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Property profile & analytics
OFF-MARKET
Motels
259 Montauk Hwy Hampton Bays, NY 11946-1603
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US63-2083019
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Total area
3,470 SF
Lot
3.28 ac (142,877 SF)
Zoning code
MTL
APN
0900-230.00-02.00-003.001
UPID
US63-2083019
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
-
R.AIRE at The Hampton Maid Restaurant
-
The Hampton Maid Hotel & Motel
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
Grassy Plains LLC · 8 yrs held
Grassy Plains LLC
since 2017
5 recorded transactions
Zoning & alternative use
MTL · 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
$65,594
Tax year 2020
Assessed value
$4,184,600
Assessed 2023
Previous assessed
$4,184,600
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$657,900
Assessed improvement
$3,526,700
Land market value
$946,619
Improvement market value
$5,074,388
Total market value
$6,021,007
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1984
Heating
NONE
Buildings
2
Total area
3,470 SF
Lot
3.28 ac (142,877 SF)
Zoning code
MTL
APN
0900-230.00-02.00-003.001
UPID
US63-2083019
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
MTL · Hampton Bays, NY
Zoning MTL · permitted uses
MTL · 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
1984
Heating
NONE
Buildings
2
Lot
3.28 ac
Current owner
From public records · entity-resolved
Grassy Plains LLC
Entity
Mailing address
259 E MONTAUK HWY, HAMPTON BAYS, NY 11946-1603
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 7, 2017
—
Grassy Plains LLC
—
Loan Modification, Consolidation And Extension
related
$2,630,124 · People's United Bk
Apr 24, 2017
—
Grassy Plains LLC
—
Loan Modification
related
$1,300,000 · Suffolk Cnty Nat'l Bk
Feb 17, 2015
—
Hampton Maid Motel INC
—
Trustees Deed
related
$1,300,000 · Suffolk Cnty Nat'l Bk
—
—
Grassy Plains LLC
—
Loan Modification
related
$1,300,000 · Suffolk Cnty Nat'l Bk
—
—
Grassy Plains LLC
—
Loan Modification
related
$780,746 · Suffolk Cnty Nat'l Bk
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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