Multi-Use Property in Brookhaven, NY

2815 MONTAUK HWY, BROOKHAVEN, NEW YORK 11719

Executive Summary:

Price:	$3,300,000
Building Size:	—
Property Type:	Multi-Use
Lot Size:	2.00 Acres
Year Built:	—
Cap Rate:	5.90%
NOI:	$194,598
Location:	2815 Montauk Hwy, Brookhaven, NY 11719

Investment Highlights

For Sale: Multi-Building Property in Brookhaven, NY
Gas Station has 2 Pumps
Mechanics Shop has 3 Bays
Deli and Gas Station both have 5% Annual Increases in Rent
2 Acres in Total – Approximately 87,000 SF

Investment Summary

American Investment Properties is retained to sell the multi-use property located at 2815 Montauk Hwy, Brookhaven. At this location are 5 buildings consisting of a gas station, a mechanic’s shop, a deli, a barn, and a house. Both the deli and the gas station have 5% annual increases in rent and the house rent is month-to-month. This is a great opportunity located in Brookhaven, NY.

About Watermill, NY

Water Mill is a hamlet and census-designated place located in Suffolk County, Long Island, New York. It is within the Town of Southampton. The county seat is Riverhead. The neighborhood has a total area of 12.5 square miles of which, 11.0 square miles of it is land and 1.5 square miles of it is water. Water Mill is considering incorporating as a village following the unsuccessful attempt by Dunehampton to incorporate.

Water Mill is a middle-class neighborhood. Most people in Water Mill make a good living and more adults in the town have earned college degrees than have people in most other towns in New York. About 88% of housing units in Water Mill are occupied by their owners, not by renters. Some of the summer homeowners also proved to be valuable benefactors who played an important role in preserving the community’s historical artifacts such as the old water mill. Home price value in Water Mill typically ranges from $850,000 up to $4 million respectively.