Mixed-Use Building with
For Sale
$2,795,000
131 Main St, Southampton, NY 11968
Mixed-use building offering first-floor retail space and second-floor residential units.
Property Size4,400 SF
Days on Market148
Property Features for 131 Main St
General Information
Standard status
Active
Size
4,400 SF
Property subtype
Investment
Taxes and HOA fees
Annual Taxes
$11,500
Building Details
Building Size
4,400 SF
Year Built
1903
Stories
2
Listed By:
David Donohue · License #40DO0890053
(516) 650-4419
Source:
Elliman
Added: Apr 11
Changed: Sep 4
Last Checked: Sep 4 at 10:56AM
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 David Donohue
Investment Insights
Based on property information with market context.
This mixed-use building includes first-floor retail space and second-floor residential. The property is designed to support both street-level retail activity and above-floor living.
Located in the heart of Southampton Village at 131 Main St, it offers a convenient, village-center setup for complementary uses within the same building.
The layout is straightforward: retail on the first floor and residential on the second floor, creating a functional vertical mix for a single ownership.
Located in the heart of Southampton Village at 131 Main St, it offers a convenient, village-center setup for complementary uses within the same building.
The layout is straightforward: retail on the first floor and residential on the second floor, creating a functional vertical mix for a single ownership.
Key Highlights
- Mixed‑use building with first‑floor retail space
- Second floor features residential units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,024
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,720,480
$1.7M
Cap Rate 7%
$1,228,914
$1.2M
Cap Rate 9%
$955,822
$955.8K
Market Conditions
NOI Build-Up for 4,400 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$132.0K $30.00/SF
− Vacancy
−$9.1K −$2.07/SF
EGI
$122.9K $27.93/SF
− OpEx
−$36.9K −$8.38/SF
NOI
$86.0K $19.55/SF
Area
Suffolk County, NY
Vacancy
6.90%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,720,480
Cap Rate 7%
$1,228,914
Cap Rate 9%
$955,822
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.43M
NOI $86,024 @ 7.0% cap · market cap 3.08%
Second Best
Mixed Use
$1.12M
$979.1K – $1.31M
NOI $78,329 @ 7.0% cap · market cap 2.80%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,831 @ 7.0% cap · market cap 3.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,626
Businesses Nearby
40k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 57%
Shops & Services 32%
Apparel 3%
Home Improvements & Furnishings 3%
Stop & Shop
Groceries
22,509 visits/mo
0.1 miles
Capital One Bank
Shops & Services
4,862 visits/mo
0.2 miles
Chase Bank
Shops & Services
4,008 visits/mo
0.2 miles
Bank of America
Shops & Services
2,777 visits/mo
0.1 miles
Brandy Melville
Apparel
1,306 visits/mo
0.1 miles
Demographics for 11968, NY
14,467
Population
10,444
Households
1.4
Avg Household Size
46
Median Age
61%
College-Educated
98%
High-School Grad
26.9 sq mi
ZIP Area
538
Density / Sq Mi
$146,138
Median Household Income
$64,959
Median Earnings
$2,068
Median Rent
$1,171,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building offering first-floor retail space and second-floor residential units.
Where is this mixed-use property located?
The property is located at 131 Main St Southampton, NY.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: Mixed‑use building with first‑floor retail space; Second floor features residential units
