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    FOR SALE
    Motels

    84 S Emerson Ave, Montauk, NY 11954

    0.54 ac lot
    Entity Owned 21-yr Hold ~ Est. High Equity
    Property ID
    US63-0102129
    84 S Emerson Ave, Montauk, NY 11954 For Sale 1 / 43
    $26,000,000
    84 S Emerson Ave, Montauk, NY 11954
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    Property summary
    AI-generated overview

    This exceptional Montauk property offers a rare opportunity to acquire a 0.54-acre oceanfront retail space zoned RS. The two-story building features 26 hotel keys, most with unobstructed ocean views, plus three flexible rooms, staff quarters, and ample storage. An oceanfront pool and lounge area provide an exclusive setting for guests. Located in the heart of downtown Montauk, this property benefits from its proximity to beaches, restaurants, boutiques, and nightlife, catering to both locals and visitors. The existing structure presents significant renovation potential, allowing a buyer to create a fresh vision while preserving Montauk's understated elegance. This prime location, along a stretch known for its exclusivity and breathtaking natural surroundings, is easily accessible by land or sea, making it an ideal destination for discerning clientele. The high demand for overnight stays in Montauk, coupled with the property's central location and sweeping ocean views, makes this a unique investment opportunity in a highly sought-after market. The property's address is 84 S Emerson Ave, Montauk, NY 11954, with Suffolk County APN 0300-050.00-01.00-027.001. Price upon request.

    Property profile
    Verified
    Property type Motels
    Use group MOTEL
    Lot 0.54 ac (23,522 SF)
    APN 0300-050.00-01.00-027.001
    UPID US63-0102129
    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
    • Ocean Surf Resort Hotel & Motel Resort
    1 occupant on record
    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
    Ankit & Avani Ents INC · 21 yrs held
    Ankit & Avani Ents INC
    since 2004
    1 recorded transaction
    2004
    $4.4M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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