Ponquogue Point | 68 Foster Avenue, Hampton Bays

Luxurious 21-unit waterfront condominium community with 6 sellable boat slips overlooking Shinnecock bay.

68 Foster Avenue, Hampton Bays, NY 11946
Asking Price $18,000,000
Type Condominium Property
Neighborhood Hampton Bays
Properties 1
Lot Size 3.75 Acres
Zoning Code
Size 30,499 Sellable SF
Stories 3
Units 21
Air Rights

Investment Highlights:

Ponquogue Point is a twenty-one-unit package of luxury waterfront condominiums with parking and a 300 ft-wide dock (six sellable boat slips) in the exclusive Hampton Bays section of Long Island. The Property was built in 2014 and has a total of 30,499 sellable SF. Investors will have the opportunity to complete construction on the property over the next six months at a budgeted cost of $1.5 million. Immediately thereafter, the projected sellout of the individual units and boat slips is estimated at $26,830,000 resulting in tremendous potential profit

Location:

The subject property is located in the Hamlet of Hampton Bays which is located in the western portion of the Town of Southampton approximately ten miles west of Southampton's central business district part of which is located in the Village of Southampton.

Property Listing Contact:

Amit Doshi // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5959 // adoshi@meridiancapital.com

Shallini Mehra // Managing Director // 800 3rd Ave., New York, NY // 212.468.5958 // smehra@meridiancapital.com

David Schechtman // Senior Managing Director // 800 3rd Ave., New York, NY // 212.468.5907 // dschechtman@meridiancapital.com