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31 Ponquogue Ave - M.U.P.D.D./T.O.D 100 ft from Railroad Station

3.75 Acres of Commercial Land Offered at $12,917,359 CAD in Hampton Bays, NY 11946

Investment Highlights

  • - Muli Use Planned Development Opportunity in the Hamptons Long Island, N.Y.
  • - Transit Oriented Grant Opportunity and Green Building Credits
  • Walk to Downtown & Entertainment Venues
  • - Less than 300 ft to M.T.A. / Long Island Railroad
  • - Senior Housing up to ~120 Units

Executive Summary

- 3.75 Acre Parcel Zoned M.U.P.D.D. (Multi Use Planned Development District)
Intersection sees over ~30,000 Vehicles Daily.
- Development Options:
Senior Housing (up to ~120 Units) or T.O.D.; Art Space w/ Residential; Mixed Use or Planned Development Ready.
Warehouse/ Self Storage / 3 Stories of Development Options
- 300 Ft to M.T.A./Long Island Rail Rd - Optimal for N.Y.S Grants & Transit Oriented Development (T.O.D) Credits. Green Credits Opportunity due to Walk ability & Mass Transit Scores.
- Steps to Downtown Main Street Pedestrian Corridor with Retail; Restaurants; Theaters; Town Square and Amphitheater
- New Overlay District (O.D.) Designation in Town of Hampton Bays approved. New Business Improvement District (B.I.D) for Main Street Commercial Corridor Redevelopment Project
- Biking Distance to World famous Dune Road Beaches, Shoreline Events & Restaurants
- Prime Millenium Development Opportunity and Retail.
- Sold Subject To Approvals
- Priced from $4,995,000 to $5,995,000 - 2.75 to 3.75 Acres Available

Financial Summary (Actual - 2017)

Annual (CAD) Annual Per AC (CAD)
Gross Rental Income $165,144 $44,038.41
Other Income - -
Vacancy Loss - -
Effective Gross Income $165,144 $44,038.41
Net Operating Income - -

Financial Summary (Actual - 2017)

Gross Rental Income (CAD)
Annual $165,144
Annual Per AC $44,038.41
Other Income (CAD)
Annual -
Annual Per AC -
Vacancy Loss (CAD)
Annual -
Annual Per AC -
Effective Gross Income (CAD)
Annual $165,144
Annual Per AC $44,038.41
Net Operating Income (CAD)
Annual -
Annual Per AC -

Property Facts

Price $12,917,359 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Mixed Use
  • Apartment Units - Senior
  • Planned Unit Development
  • Self Storage
  • Warehouse
Building Class B
Total Lot Size 3.75 AC
Cross Streets Fanning Ave

1 Lot Available

Lot

Price $12,917,359 CAD
Price Per AC $3,444,629 CAD
Lot Size 3.75 AC

- 3.75 Acre Parcel ; 300Ft to L.I.R.R - Zoned M.U.P.D.D. (Multi Use Planned Development District) - Uses: Senior Housing (up to ~120 Units); T.O.D. ; Art Space Residential; Mixed Use or Planned Development - 300 Ft to M.T.A./Long Island Rail Rd

Description

Zoned M.U.P.D.D (Mixed Use Planned Development District) Self Storage; Mixed Residential & Retail or Other... Less than 300 Ft to Mass Transit Railroad - N.Y.C. to Montauk Line Uses qualify for Tier 1 - T.O.D. State and Federal Credits (Transit Oriented Development) Green Transportation Funding Applicable Steps to Downtown Commuter and Retail Corridor / Main Street Shopping; Restaurants & Theaters Biking Distance to World Famous Dune Rd Beaches & Seaside Attractions Located in New Town of Southampton Overlay District (O.D.) - Call for Development Upsides & B.I.D. Metrics Perfectly Situated for Senior Housing - Plans in Place Corner to Corner Property _ Includes up to Fanning Ave for Square Parcel

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0900-263-00-04-00-002-000
Land Assessment
$399,266 CAD (2023)
Improvements Assessment
$124,030 CAD (2023)
Total Assessment
$523,296 CAD (2023)

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 11789906

  • Date on Market: 2018-03-02

  • Last Updated:

  • Address: 31 Ponquogue Ave, Hampton Bays, NY 11946

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