The Chequit Inn

Suffolk County, Shelter Island, New York 11965

$9,000,000   $7,995,000  

Listing ID Number

25391

Property Description

Cushman & Wakefield has been retained on an exclusive basis to arrange for the sale of The ChequitInn on Shelter Island. The critically acclaimed boutique hotel is benefitted by three separate structures, all of which have been meticulously renovated with original antiques and fashionable design. The highly publicized hotel ranked fourth in the US in CondeNast Traveler’s Hot List and has been featured in countless other publications including Vogue, Hamptons Magazine, The New York Post, News Day and Travel & Leisure to name a few.

The Chequitfeatures 37 rooms (10 unique variations), event and meeting space, water views, hardwood floors, ample parking and grounds with room for pool expansion or potential residential conversion. The main building is a 3 and 4 story framed building totaling 12,120 square feet over 19 rooms with 3,500 square foot of bar/restaurant and 1,800 square feet of outside area. The Cottage House is a 2 and 3 story framed building with 5,406 square feet and 11 rooms. The Summer house is the smallest structure totaling 1,200 square feet with 6 rooms.

The Chequitis in truly a hand picked location nestled among Shelter Island’s Victorian cottages. It is steps from the North Ferry, Shelter Island Yacht Club, Dering Harbor and Shelter Island Country Club. Being only two and a half hours from NYC, or a short boat ride from Connecticut, The Chequitoffers countless weekend goers an exceptional experience in their backyard.

Overview

Building Type:Commercial Buildings
Location:Shelter Island
Lot Sq Ft:37,798
Units:37
Zoning:AA
Building Sq Ft:18,726

Documents

Contact

For further information or inspection, please contact Exclusive Agents:

Michael Gembecki
Director
(212) 660 7743
michael.gembecki@cushwake.com


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Property Map


Aerial View


The information contained herein has either been given to us by the owner of the property or obtained from sources that we deem reliable. We have no reason to doubt its accuracy but we do not guarantee it. All zoning, buildable footages and uses must be independently verified. Vacancy factors used herein are an arbitrary percentage used only as an example. It does not necessarily relate to actual vacancy, if any. The value of this investment is dependent upon these estimates and assumptions made above, as well as the investment income, the tax bracket, and other factors which your tax advisor and/or legal counsel should evaluate. THE PROSPECTIVE BUYER SHOULD CAREFULLY VERIFY EACH ITEM OF INCOME, AND ALL OTHER INFORMATION HEREIN.