7-Unit Multifamily
1101 North Road, Hampton Bays, NY 11946
For Sale
Contact for pricing
Three two-family homes and a separate house provide a varied residential rental configuration.
Property Size3,799 SF
Price / SF$552.78
Days on Market34
Property Features for 1101 North Road
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Listing Agency:
Coldwell Banker Beau Hulse Realty Group
Listed By:
Anthony Lubrano · License #10491211727
Source:
Crexi
Added: Oct 7
Changed: Nov 8
Last Checked: Nov 8 at 4:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Beau Hulse Realty Group
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Investment Insights
Based on property information with market context.
This multifamily property comprises three two-family homes and one additional house, with seven rental units across approximately 3,799 square feet. A detached garage is also on the 1.2+ acre parcel. The property is fully occupied and zoned R-20.
The Hampton Bays address is a short distance from a Peconic Bay beach, with restaurants, boating, and bay and ocean beaches among the nearby amenities. Future subdivision may be evaluated, subject to applicable approvals.
The Hampton Bays address is a short distance from a Peconic Bay beach, with restaurants, boating, and bay and ocean beaches among the nearby amenities. Future subdivision may be evaluated, subject to applicable approvals.
Key Highlights
- Seven rental units; property is fully occupied
- Three two‑family homes plus one additional house
- Approximately 3,799 square feet on a 1.2+ acre parcel
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,518
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,360
$1.4M
Cap Rate 7%
$964,543
$964.5K
Cap Rate 9%
$750,200
$750.2K
Market Conditions
NOI Build-Up for 3,799 SF
Gross rent
$131.3K $34.56/SF
− Vacancy
−$8.5K −$2.25/SF
EGI
$122.8K $32.31/SF
− OpEx
−$55.2K −$14.54/SF
NOI
$67.5K $17.77/SF
Area
Suffolk County, NY
Vacancy
6.50%
Lease Rate
$34.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,360
Cap Rate 7%
$964,543
Cap Rate 9%
$750,200
Alternative Uses
Best Use
Apartment 5plus
$964.5K
$844.0K – $1.13M
NOI $67,518 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,015 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
56
Businesses Nearby
Explore this area
Business Placement
Demographics for 11946, NY
15,535
Population
9,098
Households
1.7
Avg Household Size
42
Median Age
43%
College-Educated
87%
High-School Grad
13.5 sq mi
ZIP Area
1,151
Density / Sq Mi
$128,844
Median Household Income
$53,259
Median Earnings
$2,288
Median Rent
$691,300
Median Home Value
Market
Average Price Trend$/SF for Multifamily properties in Suffolk County, NY
Properties on Market for Multifamily properties in Suffolk County
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three two-family homes and a separate house provide a varied residential rental configuration.
Where is this multifamily property located?
The property is located at 1101 North Road Hampton Bays, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Seven rental units; property is fully occupied; Three two‑family homes plus one additional house; Approximately 3,799 square feet on a 1.2+ acre parcel
