72 Foster Ave - Hospitality FOR SALE


Hampton Bays, NY 11946
$10,500,000 USD
914-602-3656
72 Foster Ave, Hampton Bays, NY for Sale
$10,500,000 USD
Hospitality - FOR SALE
1/42
null | Request Cap Rate

72 Foster Ave
Hampton Bays, NY 11946


HIGHLIGHTS

  • Steps to the Ocean, Waterfront Hotel on 2.10 Acres
  • 9 structures totaling 10,783 square feet of finished space, main house, 17 hotel units, plus 10 cottage units
  • 36 Dock Slips, Pool, Double Boat Ramp
  • Over 5,000 square feet of unfinished space

OVERVIEW

Experience unparalleled luxury at this remarkable Hamptons waterfront hotel and marina, a rare commercial opportunity spanning 2.10 acres just steps from the ocean and Dune Road. This exquisite property boasts over 10,700 square feet across nine separate buildings, including a charming 3-bedroom, 2-bath main house, an office, 17 hotel units, and 10 cottage units equipped with kitchens throughout, and a laundry facility. Guests can relax by the beautiful pool or explore the expansive marina, which offers 36 boat slips with prime access to Shinnecock Bay and the Atlantic Ocean. The marina also features a boat ramp, perfect for boat access, kayaking, paddle boarding, and jet skiing. Additionally, there is an unfinished 2,100 square foot boathouse that can be transformed into amenities, along with over 2,900 square feet of unfinished lower-level space. Ample parking with 56 spots ensures convenience for guests. Seize this incredible chance to own a waterfront hotel and marina, and a piece of paradise in the Hamptons. Located just before the Ponquogue Bridge, which leads to the famous Dune Road, and all top waterfront restaurants. Short drive to Southampton and 90 miles to Manhattan.

FOR SALE DETAILS

PRICE

$10,500,000 USD

PRICE/SF

$974 USD /SF

# OF ROOMS

27

PRICE/ROOM

$388,889 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hotel & Marina

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1960

PARKING SPACES

51

LAND DETAILS

LAND ACRES

2.1 AC

LAND SF

91,476 SF

ZONING

RWB

APN/PARCEL ID

0900-323-00-05-00-015-000

ASK ABOUT THIS PROPERTY

John FrangeskosCorcoran Group Real EstateMore Info
914-602-3656

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John FrangeskosCorcoran Group Real EstateMore Info
914-602-3656

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