Buy with Yoreevo
$1,522,875
List Price: $1,550,000
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134 Ponquogue Avenue
House in Hampton Bays •  building info
studio • 31,799ft² $49 per ft²
Buy with Yoreevo

$1,522,875

List Price

$1,550,000

Key Details
Days on market
34
Last price change
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Estimated payment
$9,314/mo
Taxes
$725/mo
Maintenance
N/A
Description
PRIME LEGAL MULTI-FAMILY INVESTMENT PROPERTY + DEVELOPMENT POTENTIAL An exceptional opportunity to acquire a legal three-unit multi-family property ideally positioned in the vibrant core of Hampton Bays. This two-story residence spans 2,782 square feet across a generous 0.73-acre lot, offering a rare combination of space, stability, and upside. Featuring 5 bedrooms and 3 full bathrooms, the property is thoughtfully configured to support consistent rental income with extremely low operating expenses. Each unit is tenant-occupied, providing immediate cash flow and long-term investment security. Tenants pay all utilities! Located minutes from beaches, shopping, dining, and transportation, this property benefits from strong year-round demand and excellent accessibility. Whether you're expanding your portfolio or entering the East End market, this legal asset delivers on location, income, and potential. In addition to its current configuration, the site presents a compelling opportunity for expansion. The positioning of the existing residence on the lot allows for the potential development of additional structures, creating the possibility to increase the total number of units and enhance the rent roll. This added flexibility further elevates the long-term value and appeal of the investment.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,550,000
Asking Price: $1,550,000
Term
30 Years
Down Payment
$155,000 (10%)
Min: 10% (155,000)
Rate
6.25 %
Mortgage Amount
$1,395,000
Mortgage Payment
$8,589
Taxes
$725
Estimated Yoreevo rebate
$27,125
Estimated closing cost
$55,000
Total monthly cost $9,314
Buy your dream home with us and get an estimated $27,125 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Douglas Elliman

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