240 Montauk Hwy 4 Unit Apartment Building $4,500,000 ($1,125,000/Unit) East Hampton, NY 11937

This unique offering spans two adjoining lots totaling over 5 acres in size that present a compelling opportunity for both lifestyle buyers and savvy investors. On the Montauk Highway road-front lot, you'll find four pre-existing, non-conforming cottages housed within two separate buildings—ideal for immediate use as guest homes, staff quarters, or rentals. Under today's zoning requirements, one could not build these quaint units in close proximity to the East Hampton Airport and surrounded by the most desirable hamlets and villages. Adjoining this property is a beautifully treed, vacant building lot, zoned for residential development. This parcel offers endless possibilities for custom building and expansion. These properties are perfectly positioned for convenience and prestige. This is an ideal acquisition for a well-heeled buyer seeking a private family compound with room to grow, staff housing close to a primary residence, or strategic investment with income potential and development upside.