POTENTIAL PROFORMA 11% CAP RATE POTENTIAL - 240k NET INCOME!!!
Rare investment opportunity in Shinnecock Hills offering tremendous upside with a fully occupied seven-unit rental property on a 1.2+ acre parcel with R-20 zoning.
The property includes three two-family homes, one additional house, and a detached garage, totaling approximately 3,799 sq. ft.
Continue enjoying current rental income, explore use as a compound, or evaluate future subdivision potential, subject to all applicable approvals.
Ideally located just a short distance from the sandy Peconic Bay beach, centrally located close to Hamptons restaurants, boating, bay beaches, ocean beaches and all the Hamptons has to offer.
POTENTIAL PROFORMA 11% CAP RATE - 240k NET INCOME!!!
See attachement for income and expenses.
Asking $2,100,000
For information or to view contact:
Exclusive Agent:
Anthony Lubrano
Licensed Associat Real Estate Broker
Coldwell Banker Reliabe Real Estate
631-255-8700