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Cushman & Wakefield Named Exclusive Sales Agent for Iconic Waterfront Restaurant on Fire Island

10/31/2019
Cushman & Wakefield announced today that the real estate services firm has been retained on an exclusive basis to market for sale Flynn’s Fire Island at 1 Cayuga Street, a 176,000-square-foot restaurant and marina site in the Ocean Bay Park neighborhood of the resort community.
Ocean Bay Park, NY – Flynn’s Fire Island has been owned and operated by the Flynn family for five generations and is hitting the market for the first time since it was established in 1937.

A Cushman & Wakefield team consisting of Hunter Moss, Michael Gembecki, Brad Jones, Alessandra Faglione and Austin Fabel will lead the marketing efforts on behalf of the property’s sellers, Tim and Mike Flynn.

“Considering this is the first time Flynn’s has come to market since opening in 1937, this property presents a rare waterfront investment opportunity,” said Hunter Moss. “As one of the premier New York metropolitan destinations, Fire Island provides a perfect backdrop for investors, users and developers to further accentuate the Flynn’s legendary brand.”

1 Cayuga Street features a full-service bar and restaurant, outdoor deck, dining room, standalone liquor store and an enclosed marina with 50 boat slips. In addition, the property encompasses a section of undeveloped land. The hosting of private functions, live entertainment, marina docking and evening cruises aboard The Moon Chaser provide additional sources of income aside from the restaurant earnings.

“I have put my heart and soul into Flynn’s for close to 50 years now and I feel fortunate that the past five decades have been as profitable as they have,” said Tim Flynn. “I am now able to explore my other passions and am confident that Cushman & Wakefield will find a new owner who is just as excited to continue the Flynn family legacy.”

“If you would have told the Flynn’s five generations ago that this restaurant would grow into what it is today, I don’t think they would have believed you,” added Mike Flynn. “While I am sure I will miss this aspect of my life, I am excited to be able to spend more time with my children and family who now live in Colorado.”

Established in 1937 as a boutique seafood restaurant, Flynn’s is an iconic destination encapsulating the Fire Island dining and nightlife experience. For over 82 years, this shorefront venue has attracted visitors from all over the country.

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 51,000 employees in 400 offices and 70 countries. In 2018, the firm had revenue of $8.2 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

Cushman & Wakefield Media Contact

Michael Boonshoft New York Communications
Michael Boonshoft

Director, Americas PR & External Communications • New York

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