Unique Mobile Home Park
For Sale
$425,000
337 Three Mile Harbor Rd, East Hampton, NY 11937
Mobile home in East Hampton near marina and nature trails.
Property Size916 SF
Lot Size1.20 Acres
Days on Market265
Property Features for 337 Three Mile Harbor Rd
General Information
Standard status
Active
Size
916 SF
Lot size
1.20 Acres
Property subtype
Residential
Taxes and HOA fees
Annual Taxes
$1,000
Building Details
Building Size
916 SF
Year Built
2002
Stories
1
Listing Agency:
(347) 468-6529
Listed By:
Andrey Trigubovich · License #10401298204
(347) 468-6529
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 20
Last Checked: Aug 20 at 12:09PM
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 Andrey Trigubovich
Investment Insights
Based on property information with market context.
This unique mobile home park unit is located in East Hampton, near Three Mile Harbor Marina and surrounded by nature trails. The interior of this doublewide unit features three bedrooms and two bathrooms, a living room with a cozy fireplace and vaulted ceilings, as well as a spacious kitchen and laundry room. Gas forced air is used for heating, and AC window units are used for cooling. Two dedicated parking spaces have extra space for occasional guests. The backyard deck overlooks the pond and includes a storage shed. The shareholders in the park own their units as well as a share of the park land. To be qualified and approved by the Board, the new member applicant has to satisfy income criteria and purchase this unit as their primary residency. Showings are by appointment only; no drive-bys or walk-ins are allowed.
Key Highlights
- Located in East Hampton near Three Mile Harbor Marina and nature trails.
- Unique mobile home park with shareholder ownership of units and park land.
- Three bedrooms and two bathrooms.
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
$16,280
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
3.83%
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%
$325,600
$325.6K
Cap Rate 7%
$232,571
$232.6K
Cap Rate 9%
$180,889
$180.9K
Market Conditions
NOI Build-Up for 916 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
$31.7K $34.56/SF
− Vacancy
−$2.1K −$2.25/SF
EGI
$29.6K $32.31/SF
− OpEx
−$13.3K −$14.54/SF
NOI
$16.3K $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 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%
$325,600
Cap Rate 7%
$232,571
Cap Rate 9%
$180,889
Alternative Uses
Best Use
Apartment 5plus
$232.6K
$203.5K – $271.3K
NOI $16,280 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$279.1K
$244.2K – $325.6K
NOI $19,534 @ 7.0% cap · market cap 4.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
111
Businesses Nearby
Explore this area
Business Placement
Demographics for 11937, NY
19,968
Population
14,277
Households
1.4
Avg Household Size
45
Median Age
52%
College-Educated
92%
High-School Grad
37.1 sq mi
ZIP Area
538
Density / Sq Mi
$122,489
Median Household Income
$49,954
Median Earnings
$2,904
Median Rent
$1,009,100
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mobile home & RV park - Mobile home in East Hampton near marina and nature trails.
Where is this mobile home & rv park located?
The property is located at 337 Three Mile Harbor Rd East Hampton, NY.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Located in East Hampton near Three Mile Harbor Marina and nature trails.; Unique mobile home park with shareholder ownership of units and park land.; Three bedrooms and two bathrooms.
