Iconic Shelter Island Inn Lists For $9 Million

SHELTER ISLAND, NY — An iconic inn with a rich history on Shelter Island is on sale for $9 million.

Cushman & Wakefield, Inc. announced that it will serve as the exclusive agent in the sale of the hotel, The Chequit Inn.

According to Cushman & Wakefield, Inc., the 18,726 square foot property consists of three separate structures located at 23 Grand Avenue, 6 Washington Street and 9 Washington Street.

The Cushman & Wakefield team, which consists of Senior Managing Director Guthrie Garvin, Director Michael Gembecki and Associate Alexander Ball, is marketing the property — and is also marketing both Claudio’s Restaurant in Greenport and Rick’s Crabby Cowboy Café in Montauk.

“We are excited to bring this tastefully renovated boutique hotel to market,” said Gembecki. “The Chequit maintains its rich history and is enjoyed by local Shelter Island residents along with countless destination travelers."

The hotel, he said, has been featured in numerous publications, "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 comprising The Chequit Inn have been recently renovated with original antiques and new 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," a release said.

The main building on the property totals 12,120 square feet with more than 19 rooms, a 3,500 square foot bar/restaurant, and 1,800 square feet of outdoor space.

Meanwhile, 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.

The property is situated in a familiar site to scores who head to Shelter Island, just steps from the North Ferry, Shelter Island Yacht Club, Dering Harbor and Shelter Island Country Club.

Photo courtesy Cushman & Wakefield, Inc.