56 Flying Point Road & 2 Montauk Highway

CBRE has been retained as the exclusive advisor for the sale of 56 Flying Point Road and 2 Montauk Highway, Water Mill, NY (the “Property”) in the supply-constrained and ultra-affluent Southampton community of Long Island. The 17,700 square feet of office, medical and retail space is fully leased while the lower level has 14,700 SF of storage space can easily be leased and provide upside in cash flow or it can be used by the Purchaser for automobile or other storage. This offering presents a unique opportunity to acquire a high-quality building in Long Island’s most prestigious neighborhood. This investment is anchored by three major healthcare institutions: Weill Cornell Hospital, The Hospital for Special Surgery and Catholic Health Systems of NY. Ideally situated at a major intersection along Montauk Highway, the most visible and trafficked road on the South Fork of Long Island, the property is positioned to capitalize on sustained demand from the areas elite demographics.

Stable Cash Flow with Upside:

The office space is currently 100% leased but both buildings have nearly vacant lower-level spaces. The lower level of 2 Montauk Highway is suitable for storage space or even low-density office use. 56 Flying Point has garage door access to the 11,000 available square feet and is ideal for hard-to-find automobile or other storage providing investors with yield enhancement or for personal use.

Excellent Accessibility:

Situated on Montauk Highway on the west border of the Hamlet of Water Mill and adjacent to the Village of Southampton, the site offers high visibility, great access and curb appeal. Nearby train stations offer access to Manhattan and even Montauk Point to the east. Nearby, there are world-renowned golf clubs, retail centers, Main street dining and shopping in Southampton and fitness to further add to the appeal of the Property.

Affluent Surroundings:

Located on the South Fork of Long Island, the site is surrounded by the most affluent communities worldwide with median home values of $5.75 - $6.3 million.

Limited Competitive Supply:

Tight availability among the few new office properties make site a premier alternative for any firm looking to lease space in the area.