Listing Agency: Select Real Equity Advisors

Listed By: John Thomas · License #NY 4308582

Source: Crexi

Added: Apr 12 Changed: Sep 2 Last Checked: Sep 1 at 10:08AM

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Investment Insights

Based on property information with market context.

This apartment building contains 20 rental units and is offered for sale as a multifamily asset. The property is identified at 515 Montauk Highway, also designated Route 27A, in East Hampton, Suffolk County, New York.

Key Highlights

• 20 rental units
• Located at 515 Montauk Highway
• Montauk Highway is also designated Route 27A

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Plumbing Service Garden Center Furniture & Home Goods Grocery & Convenience Store Kitchen & Bath Showroom

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

20

Residential units

Location Intelligence

Trade Area within ½ mile

157

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

4% 2022

4.6% 2023

5.3% 2024

5.6% 2025

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Frequently Asked Questions

What type of property is this?

Apartment building - Multifamily property on Montauk Highway in East Hampton.

Where is this apartment building located?

The property is located at 515 Montauk Hwy East Hampton, NY.

What are key features of this property?

This property features: 20 rental units; Located at 515 Montauk Highway; Montauk Highway is also designated Route 27A