Seven-Unit Multifamily
For Sale
$2,100,000
92 North Rd, Hampton Bays, NY 11946
Fully occupied residential rental compound with multiple dwellings, detached garage, and R-20 zoning.
Property Size3,799 SF
Lot Size1.20 Acres
Price / SF$552.78
Days on Market50
Property Features for 92 North Rd
General Information
Standard status
Active
Size
3,799 SF
Lot size
1.20 Acres
Property subtype
Commercial
Zoning
R-20
Occupancy
100%
Additional Details
Multifamily Units
7
Taxes and HOA fees
Annual Taxes
$16,840
Building Details
Building Size
3,799 SF
Year Built
1950
Buildings
5
Units
7
Listing Agency:
Beau Hulse Realty Group, Inc
Listed By:
Anthony Lubrano
(631) 255-8700
Source:
Elliman
Added: Sep 12
Changed: Oct 31
Last Checked: Oct 30 at 4:42PM
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 Beau Hulse Realty Group, Inc
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Investment Insights
Based on property information with market context.
This multifamily property in Shinnecock Hills comprises three two-family homes, an additional house, and a detached garage. The seven residential units are fully occupied, and the improvements contain approximately 3,799 square feet across a 1.2+ acre parcel. R-20 zoning applies to the property.
The site is located at 92 North Rd in Hampton Bays, near Peconic Bay beach and within the broader Hamptons area. The property is also positioned close to restaurants, boating, bay beaches, and ocean beaches. Existing residential use provides an established configuration, while potential family-compound use and future subdivision may be evaluated subject to applicable approvals.
The site is located at 92 North Rd in Hampton Bays, near Peconic Bay beach and within the broader Hamptons area. The property is also positioned close to restaurants, boating, bay beaches, and ocean beaches. Existing residential use provides an established configuration, while potential family-compound use and future subdivision may be evaluated subject to applicable approvals.
Key Highlights
- Seven residential units across three two‑family homes and one additional house
- Approximately 3,799 sq. ft. of building area on a 1.2+ acre parcel
- Fully occupied rental property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,518
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,350,360
$1.4M
Cap Rate 7%
$964,543
$964.5K
Cap Rate 9%
$750,200
$750.2K
Market Conditions
NOI Build-Up for 3,799 SF
Gross rent
$131.3K $34.56/SF
− Vacancy
−$8.5K −$2.25/SF
EGI
$122.8K $32.31/SF
− OpEx
−$55.2K −$14.54/SF
NOI
$67.5K $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 Rate 5%
$1,350,360
Cap Rate 7%
$964,543
Cap Rate 9%
$750,200
Alternative Uses
Best Use
Apartment 5plus
$964.5K
$844.0K – $1.13M
NOI $67,518 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,015 @ 7.0% cap · market cap 3.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
7
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
46
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied residential rental compound with multiple dwellings, detached garage, and R-20 zoning.
Where is this multifamily property located?
The property is located at 92 North Rd Hampton Bays, NY.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Seven residential units across three two‑family homes and one additional house; Approximately 3,799 sq. ft. of building area on a 1.2+ acre parcel; Fully occupied rental property
