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71 South Emerson Avenue

Marley Dominguez Of Enduring Hospitality Group Acquires Hotel In Montauk For $23.25M
SOLDHotel

Marley Dominguez Of Enduring Hospitality Group Acquires Hotel In Montauk For $23.25M

71 South Emerson Avenue

$23,250,000

$1,162/SF

Building Size

20,000 SF

Asset Type

Hotel

Closing

Mar 7, 2025

AI

The property involved in this transaction is a hotel located at 71 South Emerson Avenue in Montauk. The sale price for the asset was $23,250,000, with a total square footage of 20,000 and a price per square foot of $1,162.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $23,250,000
  • Address: 71 South Emerson Avenue
  • Market: Montauk
  • Square Footage: 20,000
  • Price per Square Foot: $1,162
  • Buyer: Marley Dominguez - Enduring Hospitality Group

Marley Dominguez, representing Enduring Hospitality Group, is set to open Montauk's newest resort and spa, Offshore Montauk, after a full renovation, in time for Summer 2025.

Players

Marley Dominguez

Buyer

$325M

vol

5 deals

Buyer

Montauk Hotel Market Snapshot

Boundary boundary · Hotel · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.68%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93