Shelter Island, NY, February 09, 2018 – Cushman & Wakefield, Inc. announced today that it will serve as the exclusive agent in the sale of the critically acclaimed boutique hotel, The Chequit Inn, nestled among Shelter Island’s Victorian cottages. The 18,726 square foot property consists of three separate structures located at 23 Grand Avenue, 6 Washington Street and 9 Washington Street in Shelter Island, Suffolk County, NY. The asking price for the property is $9,000,000.

A Cushman & Wakefield team of Senior Managing Director Guthrie Garvin, Director Michael Gembecki and Associate Alexander Ball is marketing the property on behalf of the seller. The team has a commercial real estate footprint in the region as they are also marketing Claudio’s Restaurant located across the harbor on the North Fork, and recently closed a transaction with Rick’s Crabby Cowboy Café in Montauk, NY.

“We are excited to bring this tastefully renovated boutique hotel to market,” said Michael Gembecki. “The Chequit maintains its rich history and is enjoyed by local Shelter Island residents along with countless destination travelers. The hotel has been featured in numerous publications including Conde Nast Traveler 2016 Hot List, Vogue, Hamptons Magazine, and The New York Post, and we expect interest from local, national and overseas investors due to its superior location and asset class.”

Originally built in 1872, the three historic structures of The Chequit Inn have been recently renovated with original antiques and fashionable design. With incredible water views, The Chequit Inn contains 37 rooms with 10 unique variations, as well as event and meeting space, hardwood floors, ample parking and grounds with room for pool expansion or potential residential conversion. The main building on the property totals 12,120 square feet with over 19 rooms, a 3,500 square foot bar/restaurant, and 1,800 square feet of outdoor space. The second structure known as the “Cottage House’ is a 5,406 square foot building encompassing 11 rooms, and the third building, the “Summer House,” is the smallest totaling 1,200 square feet with just six rooms.

Known for its vintage, simplistic interior design and its lively color palette, The Chequit Inn has been acknowledged for its superiority as it was ranked fourth in the United States in Conde Nast Traveler’s Hot List and has been featured in countless other publications. The property is situated in an ideal location for both locals and travelers alike as it is just steps from the North Ferry, Shelter Island Yacht Club, Dering Harbor and Shelter Island Country Club. The hotel is only two and a half hours from New York City or a short boat ride from Connecticut proving an exceptional location for local weekend travelers.

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.