2201 North Road
- Two-Building Complex: Multiunit apartment property located at 2201 North Road (Country Road 39), Hampton Bays, NY.
- Strong Current Occupancy: Most units rented providing immediate cash flow with clear upside through lease-up.
- Modernized Units: Updated apartment interiors offering contemporary finishes and resident appeal.
- Generous Lot Size: Situated on a 1.1-acre parcel with ample space for parking and future enhancements.
- Prime Location: Short distance to Hamptons beaches, shopping, dining, and transportation routes in a high-demand rental market.
Property Description
Presenting a rare opportunity to acquire a two-building multiunit apartment complex located at 2201 North Road (also known as County Road 39) in Hampton Bays, New York. Situated on a 1.1-acre parcel, this property combines strong current performance with significant upside potential, making it an attractive investment in one of Long Island’s most desirable coastal communities. The complex provides immediate cash flow while leaving room for value-add strategies through lease-up and repositioning. The apartment units have been modernized and updated, offering residents contemporary finishes, comfortable living spaces, and the convenience of on-site laundry facilities. With thoughtful renovations already in place, investors benefit from stabilized operations while retaining the ability to enhance rents and occupancy further. The property’s location is exceptional, positioned just a short distance from the renowned beaches of the Hamptons. Residents enjoy convenient access to local shopping, dining, and transportation routes, while investors benefit from the enduring demand for rental housing in this high-barrier-to-entry market. This two-building complex represents a compelling opportunity to secure a well-located, income-producing asset with proven occupancy and tremendous upside. With its modern units, on-site laundry, ample lot size, and proximity to world-class amenities, 2201 North Road stands out as a premier investment offering in Hampton Bays.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $7,750,000 |
| No. of Units: | 25 |
| Lot Size: | 1.10 Acres |
| Opportunity Zone: | No |
| Price per unit: | $310,000 |
| Property Website | Click Here |
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