Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    87 North Rd Hampton Bays, NY 11946

    View on Map
    Sponsored
    For Sale
    $3,650,000

    Commercial Building - Hampton Bays, NY

    Property size:
    5,200 SF
    Lot size:
    0.32 Acres
    Days on Market:
    34
    Last Refresh:
    Mar 7 at 6:06 am

    Property Features for 87 North Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    12
    APN
    0900-191.000-0002-023.000
    Parking features
    Garage
    Size
    5,200 SF
    Lot size
    0.32 Acres

    Building Details

    Year built
    1984
    Year renovated
    1984
    Floors in Building
    2
    Architectural style
    Other

    We can help!

    Listing Contact
    Hal Zwick
    Hal Zwick

    Compass (212) 913-9058

    Listing agent Hal Zwick (212) 913-9058

    Listing date Feb 2, 2026

    MLS# 11381069 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Investment Property Compound

    This 0.316-acre mixed-use property is located in Shinnecock Hills. The site offers approximately 5,200 square feet of space, divided between a front building and a two-story back house. The front building includes a 1,700-square-foot wet retail unit and 1,700 square feet of second-floor apartments. The back house provides 1,800 square feet of space. The 1,700-square-foot wet retail space features an open layout, a kitchen, a back patio, two bathrooms, and a basement. The interior has an 84-person occupancy, with additional seating potential on the patio. The basement includes a walk-in fridge and an ice maker, with potential for conversion to prep space. The property includes eight efficiency apartments, with studio layouts, kitchenettes, and full bathrooms. Additionally, a detached two-story home with a private driveway offers further rental income potential. The Certificate of Occupancy mentions "Boarding" style apartments, allowing for expanded flexibility in how the units can be rented. The site provides convenient parking with designated spaces for retail patrons and staff, plus ample street parking for apartment tenants. Its central position on North Rd offers easy access ideal for year-round and seasonal visitors. The property is located in an R-20 zoning.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fisherman Quarters Sportsbar Bar & Pub

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Pharmacy Skin Care Clinic Kitchen & Bath Showroom Bar & Pub Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hampton Bays
    County
    Suffolk
    State
    New York
    Longitude
    -72.485554
    Latitude
    40.893492

    Nearby Similar for Sale

    • $6,495,000
      8,160 SF

      Restaurant/Bar with Ocean & Bay Views

      Extensive restaurant and bar with unmatched ocean and bay views.
      363 Beach Rd, Hampton Bays, NY 11946
      View Details
    • $6,250,000
      0.89 Acres

      Bayfront Restaurant & Boutique Inn

      Unique waterfront hospitality property with restaurant, inn, and event space.
      32 Lighthouse Rd, Hampton Bays, NY 11946
      View Details
    • $1,795,000
      2,804 SF

      Renovated Farmhouse Near the Ocean

      Historic farmhouse with modern luxury, close to ocean and amenities.
      11 Shinnecock Rd, Hampton Bays, NY 11946
      View Details
    • $2,295,000
      4,246 SF

      Hampton Bays Bed & Breakfast

      1930s bed & breakfast renovated in 2021 with modern luxury.
      296 East Montauk Hwy, Hampton Bays, NY 11946
      View Details
    • New
      $1,699,000
      2,919 SF

      Hampton Bays Multi-Family Income Property

      Income-producing multi-family property near ocean, amenities, and transportation.
      153 Ponquogue Ave, Hampton Bays, NY 11946
      View Details
    • $2,750,000
      2,363 SF

      Waterfront Marina Opportunity in Hampton Bays

      Operational marina with residence, office, and shop near Shinnecock Bay.
      74 Foster Ave, Hampton Bays, NY 11946
      View Details
    • $1,550,000
      0.73 Acres

      Hampton Bays Multi-Family Investment

      Legal three-unit property with development potential in Hampton Bays.
      134 Ponquogue Ave, Hampton Bays, NY 11946
      View Details
    • $2,200,000

      Restaurant Property For Sale

      Restaurant property for sale, also offered for lease.
      322 W Montauk Hwy, Hampton Bays, NY 11946
      View Details
    • $749,999

      Hampton Bays Apartment For Sale

      Apartment building for sale in Hampton Bays, NY.
      47 Rampasture Rd, Hampton Bays, NY 11946
      View Details
    • $575,000

      Bayfront 2 Bedroom Co-op

      Hampton Bays co-op with direct bay access and sunsets.
      46 Rampasture Rd, Hampton Bays, NY 11946
      View Details
    • $550,000

      Hampton Bays Multifamily Property

      Multifamily property for sale in Hampton Bays, NY.
      61 West Tiana Rd, Hampton Bays, NY 11946
      View Details
    • $1,895,000

      Waterfront Property with Approved Plans

      Waterfront property in Hampton Bays with renovation plans and approvals.
      35 Gardners Ln, Hampton Bays, NY 11946
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Retail and residential spaces in Shinnecock Hills, Hampton Bays.
    Where is this mixed-use property located?
    The property is located at 87 North Rd Hampton Bays, NY.
    What is the asking price?
    The asking price for this property is $3,650,000.
    What are key features of this property?
    This property features: - Highly visible mixed-use investment property in Shinnecock Hills with multiple income streams.; - Grandfathered retail and residential spaces in R-20 zoning on a 0.316-acre site.; - Approximately 5,200sf of space including a 1,700sf wet retail unit, 1,700sf of second-floor apartments, and an 1,800sf two-story back house.
    (631) 678-2460
    Request Owner's contact information
    87 North Rd Hampton Bays, NY 11946
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    87 North Rd
    Hampton Bays, NY 11946
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    87 North Rd Hampton Bays, NY 11946
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Hal Zwick
    Hal Zwick
    (631) 678-2460 (212) 913-9058
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!