- For Sale $1,550,000
- Property Type Office - General Office
- Property Size 2,782 SF
- Units 3
- Lot Size 0.74 Acre
- Building Class C
- Year Built 1994
- Date Updated Apr 28, 2026
Description
Discover the vibrant community surrounding this property in Hampton Bays, NY. Known for its picturesque beaches and charming waterfront, the area offers a perfect blend of outdoor recreation and coastal relaxation. Whether it's a lunch break stroll or after-work adventure, the location provides easy access to renowned dining spots like Rumba and Cowfish, as well as boutique shops and entertainment options along Main Street. With its proximity to Ponquogue Beach and Shinnecock Canal, this area offers a unique opportunity to pair business with leisure, making it an ideal choice for an Office/Office Building investor seeking an attractive and bustling location.Prime Legal Multi-Family Investment in the Heart of Hampton Bays
An exceptional opportunity to acquire a legal three-unit multi-family property ideally positioned in the vibrant core of Hampton Bays. This two-story residence spans 2,782 square feet across a generous 0.73-acre lot, offering a rare combination of space, stability, and upside.
Featuring 5 bedrooms and 3 full bathrooms, the property is thoughtfully configured to support consistent rental income with extremely low operating expenses. Each unit is tenant-occupied, providing immediate cash flow and long-term investment security. Tenants pay all utilities!
Located minutes from beaches, shopping, dining, and transportation, this property benefits from strong year-round demand and excellent accessibility. Whether you're expanding your portfolio or entering the East End market, this legal asset delivers on location, income, and potential.
In addition to its current configuration, the site presents a compelling opportunity for expansion. The positioning of the existing residence on the lot allows for the potential development of additional structures, creating the possibility to increase the total number of units and enhance the rent roll. This added flexibility further elevates the long-term value and appeal of the investment.
Highlights
- Expansion Potential: The positioning of the existing residence on the oversized lot offers a prime opportunity to add additional structures, increasing the total unit count and enhancing the long-term rent roll.
- Legal Three-Unit Configuration: Fully compliant multi-family setup ensures stability and long-term rental viability.
- Prime Hampton Bays Location: Centrally located near beaches, shopping, dining, and transit — ideal for year-round demand.
- Spacious Lot & Layout: 2,782 SF across a 0.73-acre parcel with 5 bedrooms and 3 baths — rare scale for the area.
- Strong Income & Low Expenses: Tenant-occupied with minimal operating costs, delivering immediate cash flow.
- Turnkey Investment Opportunity: Solid rental history and strategic positioning make this a compelling portfolio addition.
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Contacts
Michael G. Murphy
Douglas Elliman Real Estate
Location
Contact Listing Broker
Michael G. Murphy
Douglas Elliman Real Estate