Property profile

45 Elmwood Ave Montauk, NY 11954

OFF-MARKET
Showrooms
Property ID
US63-1948893
0.08 ac lot
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

In Montauk’s Downtown Business District, this single-story commercial building contains approximately 2,000 square feet and sits on a 0.07-acre parcel. The property is located just below the traffic circle and about one block from the beach, and includes private front and rear parking along with large display windows. A full basement with high ceilings provides additional usable space. The building is situated in the Central Business (CB) zoning district, which supports a range of commercial uses, including retail, take-out food, personal services, professional office use, workshops, and gallery space; with existing wastewater capacity, the site may be eligible for restaurant conversion, subject to required studies and approvals. The property has previously operated as a laundromat equipped with 43 machines.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 0.08 ac (3,480 SF)
APN 0300-049.00-04.00-040.000
UPID US63-1948893

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
  • (Bike/Boat/Book/etc) Store
  • (Bike/Boat/Book/etc) Store

Location

45 Elmwood Ave Montauk, NY 11954-5342
Montauk metro Census 201007 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$325k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$325k

Owner & transaction history

since 2023
1 recorded transaction
2023
$1.9M

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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