Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    32 Park Pl East Hampton, NY 11937-2407
    Back to Search
    Property profile & analytics

    32 Park Pl East Hampton, NY 11937-2407

    View on Map
    • Investment properties
    • 0.06 lot acres
    Off-Market
    Last Sale May 4, 2023
    Property ID
    US63-3626594
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Latin Express Corp / Bank / Credit Union
    • Ria Money Transfer - Latin Express Corporation / Bank / Credit Union
    • MoneyGram / Bank / Credit Union
    • AYR Hamptons / Clothing & Fashion Store
    • Cell Express / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 32 Park Pl

    Lot size
    0.06 lot acres
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0301-003.00-06.00-021.002
    APU
    301003000600021002

    Description

    This exceptional investment opportunity presents a multi-tenant retail building ideally situated in the heart of East Hampton Village's vibrant shopping district. Located at 32 Park Place, this single-story structure boasts 1,585 square feet of net leasable space, divided into two units. Unit 1, measuring 778 square feet, is currently leased to Latin Express, while Unit 2, encompassing 807 square feet, is also currently leased. The property features 45 feet of frontage on Park Place, providing excellent visibility and accessibility. The building benefits from a sidewalk location to the north and a western easement for a walking path. It shares party walls with 69 Main Street to the south and 34 Park Place to the east. The 0.061-acre lot offers a compact yet highly desirable location within the bustling East Hampton Village shopping area, known for its unique boutiques and high demand for retail space. This property presents a unique opportunity for both owner-users and investors seeking a stable, high-demand retail investment in one of the Hamptons' most sought-after locations. The strong tenant occupancy and prime location make this a compelling investment prospect. The net lease structure provides a straightforward and potentially lucrative investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.187
    Latitude
    40.9627
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $0.00
    $2,250
    $5,600
    $7,850
    -
    $6,081
    $15,135
    $21,216

    Comparable in this City

    • Value Estimation by Request
      0.13 Acres

      37 Newtown Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 0.13 Acres
      37 Newtown Ln, East Hampton, NY 11937-2322
      View Details
    • Value Estimation by Request
      0.25 Acres

      251 Pantigo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.25 Acres
      251 Pantigo Rd, East Hampton, NY 11937-6100
      View Details
    • Value Estimation by Request
      3.50 Acres

      194 Treescape Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 3.50 Acres
      194 Treescape Dr, East Hampton, NY 11937-2155
      View Details
    • Value Estimation by Request
      0.27 Acres

      41 Pantigo Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.27 Acres
      41 Pantigo Rd, East Hampton, NY 11937-2603
      View Details
    • Value Estimation by Request
      0.50 Acres

      514 3rd Mile Hbr Hc Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 0.50 Acres
      514 3rd Mile Hbr Hc Rd, East Hampton, NY 11937-4256
      View Details
    • Value Estimation by Request
      0.04 Acres

      76 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.04 Acres
      76 Main St, East Hampton, NY 11937-2685
      View Details

    Similar Nearby for Sale

    • $24,750,000
      21,280 SF

      East Hampton Commercial Assemblage Opportunity

      1.97 acres with redevelopment potential in East Hampton Village.
      3 Railroad Ave, East Hampton, NY 11937
      View Details
    • $9,500,000
      11,000 SF

      East Hampton Village Investment Opportunity

      Unique investment property in the heart of East Hampton Village.
      31 North Main St, East Hampton, NY 11937
      View Details
    • $3,500,000

      East Hampton Village Mixed-Use Property

      Mixed-use property with retail, office, and residential units.
      98 Newtown Ln, East Hampton, NY 11937
      View Details
    • $13,750,000
      10,900 SF

      East Hampton Mixed-Use Investment Property

      Fully leased mixed-use property in prime East Hampton location.
      105 Newtown Ln, East Hampton, NY 11937
      View Details
    • $8,995,000
      27,214 SF

      Versatile Warehouse Facility in Wainscott

      27,000+ SF commercial/industrial property on 0.62 acres.
      342 Montauk Hwy, Wainscott, NY 11937
      View Details
    • $625,000
      0.25 Acres

      East Hampton Vacant Land Parcel

      Quarter-acre parcel in East Hampton, close to harbor and beaches.
      31 16Th St, East Hampton, NY 11937
      View Details

    Similar Nearby for Lease

    • $8,500 /Mo
      1,500 SF

      East Hampton Office Suite for Rent

      1,500 SF office suite near East Hampton Village.
      300 Pantigo Rd, East Hampton, NY 11937
      View Details
    • $20,000 /Mo
      1,600 SF

      East Hampton Retail Storefront For Lease

      Retail storefront in the core shopping district of East Hampton.
      53 The Cir, East Hampton, NY 11937
      View Details
    • $2,800 /Mo

      East Hampton Renovated Office Space

      Fully renovated office in the heart of East Hampton's business district.
      55 Newtown Ln, East Hampton, NY 11937
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    32 Park Pl
    East Hampton, NY 11937-2407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    32 Park Pl, East Hampton, NY, 11937
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!