This prime legal three-unit multi-family property in the heart of Hampton Bays offers an exceptional investment and development opportunity on a generous 0.73-acre lot. The two-story, 2,782-square-foot residence features 5 bedrooms and 3 full bathrooms, thoughtfully configured to generate consistent rental income with all units currently tenant-occupied and separately metered. Because tenants pay all utilities, the asset maintains extremely low operating expenses, providing immediate cash flow and long-term security. Strategically located minutes from the area's vibrant shopping, dining, and world-class beaches, the property benefits from high year-round demand. Furthermore, the expansive lot and the positioning of the existing home provide significant redevelopment potential, including the possibility of adding additional structures or accessory units to enhance the rent roll and overall value. Whether expanding a portfolio or seeking a high-yield asset at the gateway to the Hamptons, this legal multi-family property delivers on location, income stability, and future growth potential.
Estimated Payment
$ 8,289.73 per month $7,837.64 Principal & Interest $0.00 Property Tax (data not provided by mls) $452.08 Homeowner's InsuranceListing By
Agency Name: Douglas Elliman Real Estate
Agency Contact: 631-288-6244
Shown By
Agent Name: Kelly A Hicks
Agent Phone: Cell: (917) 575-1783
Agency Title: Coldwell Banker American Homes
CONTACT ME
Kelly A Hicks
134 Ponquogue Avenue | MLS# 993318
This single family home located at 134 Ponquogue Avenue , Hampton Bays, NY 11946 is currently listed for sale with an asking price of $1,550,000. This property was built in 1994 and has 5 bedrooms and 3 full baths with 2782 sq. ft. Ponquogue Avenue is located within the Hampton Bays school district. Search Hampton Bays real estate on kellyhicks.cbamhomes.com today.