134 Ponquogue Ave - Apartments FOR SALE


Hampton Bays, NY 11946
$1,550,000 USD
631-858-2460
134 Ponquogue Ave, Hampton Bays, NY for Sale
$1,550,000 USD
Apartments - FOR SALE
1/19
null | Request Cap Rate

134 Ponquogue Ave
Hampton Bays, NY 11946


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$557 USD /SF

# OF UNITS

4

PRICE/UNIT

$387,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.73 AC

LAND SF

31,799 SF

ZONING

R20

APN/PARCEL ID

0900-295-00-05-00-054-001

ASK ABOUT THIS PROPERTY

Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

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Michael MurphyDouglas Elliman CommercialMore Info
631-858-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.