Property profile

87 North Rd Hampton Bays, NY 11946

FOR LEASE
Bar, Tavern
Property ID
US63-0412286
2,922 SF 0.32 ac lot Built 1993
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Property summary

AI-generated overview

The property is a 0.316-acre mixed-use site in Shinnecock Hills with approximately 5,200 square feet of total building area split between a front building and a two-story back house, plus an additional detached two-story home. The front building contains a 1,700-square-foot wet retail unit and approximately 1,700 square feet of second-floor apartments. The wet retail unit has an open layout, a kitchen, a back patio, two bathrooms, and a basement; the basement includes a walk-in refrigerator and an ice maker and has potential for conversion to food-prep use. The second-floor apartments are arranged as boarding-style units per the Certificate of Occupancy, with flexibility in how the units can be rented. The back house provides approximately 1,800 square feet of space. The residential configuration includes eight efficiency apartments with studio layouts, kitchenettes, and full bathrooms. The property includes parking with designated spaces for retail patrons and staff as well as parking suitable for apartment tenants via street parking, and it is positioned on North Rd with convenient access for both year-round and seasonal traffic. The property is zoned R-20.

Property profile

Verified
Property type Bar, Tavern
Year built 1993
Total area 2,922 SF
Lot 0.32 ac (13,939 SF)
APN 0900-191.00-02.00-02
UPID US63-0412286

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
  • Bar & Pub

Location

87 North Rd Hampton Bays, NY 11946
Hampton Bays metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$1.9M
1 recorded transaction
2024
$1.9M
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