Building Details

Building Size 4,400 SF

Year Built 1903

Stories 2

Listed By: David Donohue · License #40DO0890053 Show Phone

Source: Elliman

Added: Apr 11 Changed: Oct 19 Last Checked: Oct 19 at 7:23AM

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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

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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.

Key Highlights

• Mixed‑use building with first‑floor retail space
• Second floor features residential units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,024

Cap Rate

3.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,720,480 $1.7M

Cap Rate 7%

$1,228,914 $1.2M

Cap Rate 9%

$955,822 $955.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,400 SF

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 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 (±1% cap)

NOI $86,024 @ 7.0% cap · market cap 3.08%

Second Best

Mixed Use

$1.12M

$979.1K – $1.31M (±1% cap)

NOI $78,329 @ 7.0% cap · market cap 2.80%

Theoretical Best

Office A

$1.34M

$1.17M – $1.56M (±1% cap)

NOI $93,831 @ 7.0% cap · market cap 3.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

RBC Wealth Management Financial Advisor B B Casa ... Hotel & Motel

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store Storage Facility HVAC Service Auto Parts Store Parking Lot & Garage

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

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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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