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HOUSE_OVERSIGHT_018833.jpg
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Extraction Summary
1
People
10
Organizations
5
Locations
5
Events
1
Relationships
2
Quotes
Document Information
Type:
Property analysis report / real estate appraisal
File Size:
1.63 MB
Summary
This document is page 23 of a property analysis report for the IGY American Yacht Harbor Marina in the Red Hook area, likely written in late 2013 or early 2014. It analyzes the surrounding commercial real estate environment, noting recent developments like the 2008 construction of East End Plaza and the 2013 opening of a Senor Frogs restaurant. The report concludes that the area is in a slow growth phase but shows signs of increased demand, with an anticipation of slightly increasing property values. The document itself makes no mention of Jeffrey Epstein.
People (1)
| Name | Role | Context |
|---|---|---|
| Ivanna Eudora Kean | Namesake of High School |
The Ivanna Eudora Kean High School is mentioned as a location approximately 1,500 feet west of the subject property.
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Organizations (10)
| Name | Type | Context |
|---|---|---|
| Ivanna Eudora Kean High School |
A school located approximately 1,500 feet west of the subject property.
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| East End Plaza |
A commercial building constructed in 2008 that struggled due to the economic downturn.
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| Crosswinds Center |
A small commercial strip center that opened approximately two years prior to the report's writing.
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| Ace Hardware |
The anchor tenant in the Crosswinds Center building.
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| Senor Frogs |
A restaurant that opened in November 2013 near the subject property, featuring a dining and nightclub atmosphere.
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| Tap & Still |
A tavern/restaurant that opened approximately 450 feet southwest of the subject property.
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| Red Hook Plaza |
A location where a new Thai/Sushi restaurant is under construction.
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| IGY American Yacht Harbor Marina |
Mentioned in the footer, likely the subject property being analyzed.
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| irr. |
A logo in the footer, likely the company that produced the report.
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| HOUSE_OVERSIGHT |
Part of the document identifier in the footer (HOUSE_OVERSIGHT_018833), suggesting it is from a collection of documen...
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Timeline (5 events)
At the time of writing (c. late 2013/early 2014)
A new Thai/Sushi restaurant is under construction.
Red Hook Plaza
Circa 2011-2012
Opening of Crosswinds Center, a small commercial strip center.
Crosswinds Center
Within the past two years (from time of writing)
Opening of Tap & Still, a tavern/restaurant.
Approximately 450 feet southwest of the subject
Locations (5)
| Location | Context |
|---|---|
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The general area being analyzed for its retail/commercial climate.
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The subject property of the analysis, located in Red Hook.
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A commercial property in the area of analysis.
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A commercial strip center in close proximity to the subject property.
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A commercial plaza west of the subject property.
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Relationships (1)
Ace Hardware is the anchor tenant in this building [Crosswinds Center].
Full Extracted Text
Complete text extracted from the document (1,990 characters)
Surrounding Area Analysis
23
23
building with a mixture of office and retail. There are other small retail commercial buildings both along the waterfront and the inland side of the road; such as restaurants, bars and a convenience store/gas outlet.
In addition to the drawing power of these retail users, the Ivanna Eudora Kean High School is located approximately 1,500 feet west of the subject property.
During the last several years, development has been predominantly of retail/office uses. The largest recent development in this area has been East End Plaza, which was constructed in 2008. However, the completion of this commercial building coincided with the downturn in the overall economy in the territory, and the property has struggled to reach stabilization. There is also a newly constructed, small commercial strip center in close proximity to the subject called Crosswinds Center that opened approximately two years ago. Ace Hardware is the anchor tenant in this building, while the majority of the other commercial bays remain vacant.
There have also been two notable bar/restaurant openings within the past two years, both at the subject property. Near the subject, a Senor Frogs restaurant opened in November 2013 featuring a dining and nightclub atmosphere. Additionally, a tavern/restaurant called Tap & Still has opened approximately 450 feet southwest of the subject. A new Thai/Sushi restaurant is under construction within Red Hook Plaza, just west of the subject. These new establishments are indicative of the improving retail/commercial climate of the Red Hook area.
Outlook and Conclusions
The area is in the slow growth stage of its life cycle. There have been signs of increased demand as existing commercial space has been leasing up more rapidly over the past six months, showing the upside of the subject's area. We anticipate that property values will slightly increase in the near future.
IGY American Yacht Harbor Marina
irr.
HOUSE_OVERSIGHT_018833
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