Property profile

32 Park Pl East Hampton, NY 11937

FOR LEASE
Investment properties
Property ID
US63-3626594
0.06 ac lot
Individually Owned 1-yr Hold Free & Clear
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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

Current use

Occupant on record · Public records
  • Bank Credit Union
  • Bank Credit Union
  • Bank Credit Union
  • Clothing & Fashion Store
  • Mobile Phone Store Electronics & Wireless Store

Location

32 Park Pl East Hampton, NY 11937
East Hampton metro Census 200901 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2023
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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