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    105-107 Newtown Ln East Hampton, NY 11937

    Sponsored
    For Sale
    $14,250,000

    Prime Location, High Returns, 13 Units

    Property size:
    10,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, located at 105-107 Newtown Lane in East Hampton, NY, presents a rare investment opportunity. The 10,900 square foot building, constructed in 1923, boasts three stories and sits on a 0.25-acre lot. The property comprises thirteen units: three street-level commercial spaces currently occupied by Hampton Chutney and Zakura's, creating a thriving dining destination; eight one-bedroom residential apartments, all currently rented; and a separate four-bedroom, four-bathroom rental house. The main building offers approximately 6,800 square feet of residential space and 4,100 square feet of commercial space, with an additional 3,000 square feet of basement space and 1,150 square feet of garage space that could be converted to retail. This fully leased property enjoys a prime location on Newtown Lane, a main thoroughfare in East Hampton, at the corner of Railroad Avenue, within walking distance of Main Street and diagonally across from the East Hampton train station. The consistent high occupancy rate, with no vacancies in over a decade, underscores the desirability of this location. While no unused development rights are currently available, future development potential exists with the anticipated installation of a town sewer system in two to four years, allowing for increased density. This property represents a truly showcase commercial asset with excellent recurring income, priced at $14,250,000.

    Property Features for 105-107 Newtown Ln

    General Information

    Property type
    Individual retail properties
    Square Feet
    10,900 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1923
    Stories
    3
    Units
    13

    HighLights

    • $14,250,000 asking price.
    • Mixed‑use property with 10,900 square feet, 13 units, and a 0.25‑acre lot.
    • Three‑story building constructed in 1923, located at 105‑107 Newtown Ln, East Hampton, NY 11937.
    • Prime location on Newtown Lane, near Railroad Avenue and Main Street, with high foot traffic and minimal vacancy.
    • Fully leased with a mix of retail and residential tenants, including Hampton Chutney and Zakura's.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Pharmacy Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Suffolk
    State
    New York
    Longitude
    -72.191304553394
    Latitude
    40.965162633694

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    FAQs

    What type of property is this?
    Individual retail property - Prime Location, High Returns, 13 Units
    Where is this individual retail property located?
    The property is located at 105-107 Newtown Ln East Hampton, NY.
    What is the asking price?
    The asking price for this property is $14,250,000.
    What are key features of this property?
    This property features: $14,250,000 asking price.; Mixed-use property with 10,900 square feet, 13 units, and a 0.25-acre lot.; Three-story building constructed in 1923, located at 105-107 Newtown Ln, East Hampton, NY 11937.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    105-107 Newtown Ln East Hampton, NY 11937
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