Listing Agency: n***@elliman.com Show Phone

Listed By: Nancy Stearns · License #10401263729 Show Phone

Source: Elliman

Added: Nov 28, 2025 Changed: Aug 22 Last Checked: Aug 22 at 11:14AM

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Investment Insights

Based on property information with market context.

Two adjacent bayfront cottages offer a flexible living arrangement suitable as a family compound. The property features a modern design and convertible layout, comfortably accommodating 4, 6, or 8 people. There are two renovated units that mirror each other. Each unit includes two bedrooms, bathrooms, and kitchens, with a convertible den that can serve as a second bedroom. The cottages can be rented together or separately. Community amenities include tennis courts, a pool, and a dock. The location offers sunset views.

Key Highlights

• Bayfront location
• Two renovated cottages, side‑by‑side
• Convertible setup sleeps 4‑8 people

Property Analytics

Property Profile

Current Use

Multifamily properties

Suggested Use

Top Pick Grocery & Convenience Store Gym & Fitness Center Accounting Firm Law Firm Farmer's Market Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

Location Intelligence

Trade Area within ½ mile

24

Businesses Nearby

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Demographics for 11964, NY

2,470

Population

2,483

Households

1

Avg Household Size

54

Median Age

52%

College-Educated

87%

High-School Grad

9.4 sq mi

ZIP Area

263

Density / Sq Mi

$129,826

Median Household Income

$81,651

Median Earnings

$998,700

Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Multifamily property - Two renovated bayfront cottages, ideal for a family compound.

Where is this multifamily property located?

The property is located at 13 Winthrop Rd Shelter Island, NY.

What is the lease rate?

The lease rate is $43,000.

What are key features of this property?

This property features: Bayfront location; Two renovated cottages, side‑by‑side; Convertible setup sleeps 4‑8 people