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    FOR LEASE
    Investment properties

    32 Park Pl, East Hampton, NY 11937

    0.06 ac lot
    Individually Owned 1-yr Hold Free & Clear
    Property ID
    US63-3626594
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Lot 0.06 ac (2,614 SF)
    APN 0301-003.00-06.00-021.002
    UPID US63-3626594
    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
    • 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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Ronald F Gaskins · 1 yrs held
    Ronald F Gaskins
    since 2024
    2 recorded transactions
    2024
    2023
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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