18 N Shore Rd - Apartments FOR SALE


Montauk, NY 11954
$2,999,000 USD
631-723-2721
18 N Shore Rd, Montauk, NY for Sale
$2,999,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

18 N Shore Rd
Montauk, NY 11954


OVERVIEW

A RARE OPPORTUNITY TO OWN a one-of-a-kind, Multi-Family, Commercial/Residential property in beautiful Montauk! The property comprises 5 Cottages, a Main House with two separate apartments, as well as two accessory structures, all situated on a 1 acre parcel. Low Taxes! In addition, It is adjacent to the Lee E. Koppelman Nature Preserve, where one can enjoy 777 acres of untouched forest, and a hidden pond, accessible by trails. It is also just down the road from Fort Pond Bay and the Edward Vincent Ecker, Sr. County Park, featuring a fishing pier, a beach suitable for launching kayaks and canoes, as well as offering easy access to vast trails in Hither Woods Preserve. The location is just a short distance from Montauk's world-renowned ocean beaches; ideal for surfing, swimming and fishing, as well as the vibrant center of Montauk town, with its plentiful restaurants, shops and down-to-earth beach vibe. The 5 Cottages exude old-world charm and appeal from Montauk's days past, and it's preeminence as the "Surf Fishing Capital of the World," as well as being New York State's largest commercial fishing port. Their pre-existing, non-conforming status, as well as the property's mixed-use, commercial zoning, allow for a wide range of opportunities. Use your imagination with this property, whether to retain as an investment vehicle, or repurpose to suit your specfic needs. Some potential uses may include workforce housing or a family compound. Whatever your choice, Montauk is a highly sought-after, Premier Destination, and this offering will not last! Live the Montauk Dream today!

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$840 USD /SF

# OF UNITS

7

PRICE/UNIT

$428,429

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

Commercial

APN/PARCEL ID

0300-027-00-04-00-010-000

ASK ABOUT THIS PROPERTY

Richard ConnellyDouglas EllimanMore Info
631-723-2721

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Richard ConnellyDouglas EllimanMore Info
631-723-2721

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.