105-107 Newtown Lane

East Hampton, NY 11937

$14,250,000
Price
12
Beds
12
Baths
3
1/2 Baths
10,783 Sq. Ft.
$1,322 / Sq. Ft.
10,783
Sq. Ft.
$1,322
per Sq. Ft.

Description

105-107 Newtown Lane is a prime, mixed-use property in the heart of East Hampton Village.
The Property is one of the largest commercial, mixed-use buildings in East Hampton. It includes three street-level commercial units, eight 1 bedroom rented residential apartments, and a separate 4-bedroom, 4-bathroom rental house. The property is fully leased.
The Property is 9,342sf (0.21-acres) with 10,900sf of Gross Floor Area in the main building plus a 3,000sf of basement space. This 10,900sf is split roughly
...105-107 Newtown Lane is a prime, mixed-use property in the heart of East Hampton Village.

The Property is one of the largest commercial, mixed-use buildings in East Hampton. It includes three street-level commercial units, eight 1 bedroom rented residential apartments, and a separate 4-bedroom, 4-bathroom rental house. The property is fully leased.

The Property is 9,342sf (0.21-acres) with 10,900sf of Gross Floor Area in the main building plus a 3,000sf of basement space. This 10,900sf is split roughly into 6,800sf of residential space and 4,100sf of commercial space. In addition, the 1,150sf of garage space may be converted to dry retail.

The Property has an excellent location on one of East Hampton's main high streets - Newtown Lane. The site is located on Newtown Lane and the corner of Railroad Avenue. It's within short walking distance of Main Street in the Village of East Hampton. East Hampton's train way station is located diagonally opposite the property. This location has driven absorption such that there has not been a vacancy in a decade.

Currently the retail/ café tenants are Hampton Chutney and Zakura's which has turned this corner property into a true gathering place as a dining destination in East Hampton Village.

There are no un-utilized development rights available today however, in 2-4 years the town will install a sewer system which will allow for more density throughout town. Thereafter, we believe additional development opportunities will materialize at that time.

A truly showcase commercial asset with great recurring income.

Inquire with the Hamptons Commercial Real Estate Team for more information.

Listing Agents

  1. Hal Zwick

    Hal Zwick

    Listing Agent

    Compass

    hal.zwick@compass.com

    P: 631.678.2460

  2. Jeffrey Sztorc

    Jeffrey Sztorc

    Alternative Listing Agent

    Compass

Property Details for 105-107 Newtown Lane

New Construction
No
Listing Type
exclusive
Unit Type
Multi-Family
Near Train Station
Yes
Add your commute
LISTING UPDATED: 07/12/2024 04:11 PM

Property Details for 105-107 Newtown Lane

StatusFor - Sale
MLS #374525
Days on Market325
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeHome for Sale / Multi-Family
Year Built1923
Lot Size0.25 AC
CountySuffolk County
Add your commute

Virtual Tour

Building Information for 105-107 Newtown Lane

Stories3Residences-Year Built1923Building Size-Lot Size0.25 AC

Payment Calculator

$77,768 per month

30 year fixed, 7.25% Interest

Principal and Interest

$77,768

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 105-107 Newtown Lane

Summary
Location and General Information
  • Water Access: No
  • Near Jitney Sunrise Bus Line: Yes
  • Title: Showcase Mixed Use Compound - the Gateway to East Hampton Village
  • Address: 105-107 Newtown Ln
  • Town Name: East Hampton
  • Subarea: EH Village
Taxes and HOA Information
  • Tax Map Id: 0301002000200017000
Property
Lot Information
  • Lot With Trees: No
Interior and Exterior Features
Interior Features
  • Amenity Names: Heat,GHW,Fireplace,Garage,Basement,Central AC,Furnished,Hardwood Floors,Tile Floors,TV/Cable/Satellite,Carport,Bathroom on First Floor,Family Room/Den,Office,Great Room,Media Room,Workshop,Breakfast Area,Laundry Room,None / Mainland
  • Stories: 3

Schools near 105-107 Newtown Lane

This home is within East Hampton Union Free School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
John M Marshall Elementary School
PublicPK to 5

East Hampton Middle School
Public6 to 8

East Hampton High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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105-107 Newtown Lane is a multi-family home for sale in East Hampton, NY 11937. This property was listed for sale on August 22, 2023 by Compass, it's currently listed at $14,250,000. This listing's school district is East Hampton Union Free School District. Nearby schools include John M Marshall Elementary School, East Hampton Middle School and East Hampton High School. 105-107 Newtown Lane is a 12-bed, 13.5-bath, 10,783 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

All data is deemed reliable but is not guaranteed accurate by Compass. See Terms of Service for additional restrictions. Compass · Tel: 212-913-9058 · New York, NY