105-107 Newtown Lane
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.
Listed By Compass
Listed By Compass
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.
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
![Hal Zwick]()
hal.zwick@compass.comP: 631.678.2460
![Jeffrey Sztorc]()
jeffrey.sztorc@compass.comP: 631.903.5022
Property Details for 105-107 Newtown Lane
New Construction
No
Listing Typeexclusive
Unit TypeMulti-Family
Near Train StationYes
Location
Add your commute
LISTING UPDATED: 04/28/2024 05:11 PM
Property Details for 105-107 Newtown Lane
| Status | For - Sale |
|---|---|
| MLS # | 374525 |
| Days on Market | 250 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Home for Sale / Multi-Family |
| Year Built | 1923 |
| Lot Size | 0.25 AC |
| County | Suffolk County |
Location
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.
Neighborhood Map and Transit
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near East Hampton Village North
Neighborhoods
- Amagansett North
- Amagansett South
- East Hampton Area
- East Hampton North
- East Hampton South
- East Hampton Town
- East Hampton Village
- East Hampton Village Fringe
- East Hampton Village North
- Northwest Harbor
- Northwest Woods
- Springs
- The Hamptons
- Wainscott North
- Wainscott South
- Sag Harbor Village
- Amagansett Dunes
- Sagaponack North
- Southampton Town
- Napeague
Cities
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