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    62 Oak St West Hampton Beach, NY 11978

    Pending
    For Sale
    $7,775,000

    Multi Family - Westhampton Beach, NY

    Type:Single Family Attached
    Property size:
    11,200 SF
    Lot size:
    1.05 Acres
    Days on Market:
    118
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 62 Oak St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Attached
    Standard status
    Pending
    Zoning
    MULTI UNIT RESIDENTIAL
    Parking
    25
    Parking features
    Assigned, Off Street
    Exterior features
    Secluded, Stone/Brick Wall
    Fencing
    Brick
    Size
    11,200 SF
    Lot size
    1.05 Acres

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Multi Units, Varies by Unit, Wall/Window Unit(s), Window Unit(s), Zoned

    Building Details

    Year built
    1988
    Number of units
    18
    Building materials
    Brick
    Architectural style
    Other

    Hampton Estates Realty LLC (631) 288-6333 [email protected]

    Listing agent Todd Romano CBR (631) 288-6333 License #40RO0961552

    Listing date Aug 11, 2025

    MLS# 830214 Listing URL

    Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Westhampton Beach Multi-Family Investment

    This is a rare opportunity to acquire an 18-unit year-round in-line apartment complex in the Village of Westhampton Beach. Situated on 1.05 acres south of the highway, this property features individual gas and electric meters for each unit, as well as individual forced hot air heating units. The complex includes private paved parking and private mailboxes. Its location offers direct sidewalk access to the new Downtown Westhampton Beach Main Street, with its village theaters and fine dining options. The property is also located close to private golf courses and Dune Road ocean beaches, as well as seaside events. Transportation is convenient, with the M.T.A./L.I.R.R. Westhampton Beach Station and Hampton Jitney within a short distance. The property is located within the Westhampton Beach school district. This is the last remaining full-time/year-round add-value opportunity in the Hamptons area. Market and zoning barriers prohibit duplication, presenting a strategic repositioning opportunity.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Realty agency Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Hampton Beach
    County
    Suffolk
    State
    New York
    Longitude
    -72.645842
    Latitude
    40.81874

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    FAQs

    What type of property is this?
    Apartment building - 18-unit apartment complex in Westhampton Beach, prime location.
    Where is this apartment building located?
    The property is located at 62 Oak St West Hampton Beach, NY.
    What is the asking price?
    The asking price for this property is $7,775,000.
    What are key features of this property?
    This property features: - High CAP Rate: Approximately 6% return on investment.; - Prime Location: Situated south of the Highway in Westhampton Beach Village on 1.05 acres.; - Income Potential: 18-unit apartment complex with free market rents.
    (631) 288-6333
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    62 Oak St West Hampton Beach, NY 11978
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    62 Oak St West Hampton Beach, NY 11978
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