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About This Home
This 5-bedroom, 3-bathroom single family at 134 Ponquogue Avenue in Hampton Bays, NY is listed for $1,550,000 ($557 per sqft). Built in 1994, the home offers 2,782 sqft of living space on a 0.73 acres lot.
This prime legal three-unit multi-family property in the heart of Hampton Bays offers an exceptional investment and development opportunity on a generous 0.73-acre lot. The two-story, 2,782-square-foot residence features 5 bedrooms and 3 full bathrooms, thoughtfully configured to generate consistent rental income with all units currently tenant-occupied and separately metered.
Because tenants pay all utilities, the asset maintains extremely low operating expenses, providing immediate cash flow and long-term security. Strategically located minutes from the area's vibrant shopping, dining, and world-class beaches, the property benefits from high year-round demand.
Furthermore, the expansive lot and the positioning of the existing home provide significant redevelopment potential, including the possibility of adding additional structures or accessory units to enhance the rent roll and overall value. Whether expanding a portfolio or seeking a high-yield asset at the gateway to the Hamptons, this legal multi-family property delivers on location, income stability, and future growth potential.
Key Features
- Built in 1994
- 0.73 acre lot
Property Details
Amenities
Monthly Cost Estimate
$8,290/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
134 Ponquogue Avenue
Hampton Bays, NY 11946
Property Details
Construction
Heating
Cooling
Questions & Answers
This 5-bedroom, 3-bathroom single family at 134 Ponquogue Avenue is listed at $1,550,000 ($557/sqft). The estimated monthly payment is $6,717 based on 20% down at 6.5% interest.
Key features include: Built in 1994, 0.73 acre lot.
This property is listed by Kimberly J. Cammarata and can be reached at 6314339992 or kimberly.cammarata@elliman.com.
