134 Ponquogue Avenue, Hampton Bays, NY, 11946
1994
PRIME LEGAL MULTI-FAMILY INVESTMENT PROPERTY + DEVELOPMENT POTENTIAL 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.
Status:
Active
Type:
Commercial
Units:
3
Heating:
Oil
Cooling:
Central Air
Basement:
None
Levels:
2
Parking:
Driveway
Acreage:
0.73
Est. Taxes:
$8,703
Construction
Vinyl Siding
Utilities
Water Connected
Days on Market:
15
MLS #:
930621
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Douglas Elliman Real Estate 631-354-8100