Hampton Bays Multifamily Investment
For Sale
$1,550,000
134 Ponquogue Ave, Hampton Bays, NY 11946
Legal three-unit property with development potential in Hampton Bays.
Property Size2,782 SF
Lot Size0.73 Acres
Price / SF$557.15
Days on Market223
Property Features for 134 Ponquogue Ave
General Information
Standard status
Active
Size
2,782 SF
Lot size
0.73 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,702
Building Details
Building Size
2,782 SF
Year Built
1994
Units
3
Listing Agency:
Douglas Elliman Commercial Division
Listed By:
Michael Murphy · License #10491211076
(631) 858-2460
Source:
Elliman
Added: Mar 11
Changed: Sep 3
Last Checked: Aug 25 at 9:23AM
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 Douglas Elliman Commercial Division
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Investment Insights
Based on property information with market context.
This legal three-unit multi-family property is located in Hampton Bays. The two-story residence spans 2,782 square feet on a 0.73-acre lot. It features 5 bedrooms and 3 full bathrooms, configured to support rental income with low operating expenses. Each unit is tenant-occupied, providing immediate cash flow. Tenants pay all utilities. The property is located minutes from beaches, shopping, dining, and transportation. The site presents an opportunity for expansion, with the potential to develop additional structures and increase the total number of units. The positioning of the existing residence on the lot allows for this potential development, enhancing the long-term value of the investment.
Key Highlights
- Legal three‑unit multi‑family property in the core of Hampton Bays.
- Immediate cash flow from tenant‑occupied units with tenants paying all utilities.
- Development potential to add additional units on the 0.73‑acre lot.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,721
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,420
$1.1M
Cap Rate 7%
$767,443
$767.4K
Cap Rate 9%
$596,900
$596.9K
Market Conditions
NOI Build-Up for 2,782 SF
Gross rent
$81.8K $29.40/SF
− Vacancy
−$5.0K −$1.81/SF
EGI
$76.7K $27.59/SF
− OpEx
−$23.0K −$8.28/SF
NOI
$53.7K $19.31/SF
Area
Suffolk County, NY
Vacancy
6.17%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,074,420
Cap Rate 7%
$767,443
Cap Rate 9%
$596,900
Alternative Uses
Best Use
Multifamily LT 5
$767.4K
$671.5K – $895.4K
NOI $53,721 @ 7.0% cap · market cap 3.47%
Second Best
Apartment 5plus
$706.3K
$618.0K – $824.1K
NOI $49,443 @ 7.0% cap · market cap 3.19%
Theoretical Best
Office A
$847.5K
$741.6K – $988.8K
NOI $59,327 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
132
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Legal three-unit property with development potential in Hampton Bays.
Where is this triplex located?
The property is located at 134 Ponquogue Ave Hampton Bays, NY.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Legal three‑unit multi‑family property in the core of Hampton Bays.; Immediate cash flow from tenant‑occupied units with tenants paying all utilities.; Development potential to add additional units on the 0.73‑acre lot.
