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53-55 Newtown Ln 2,000 SF Office Condo Unit Offered at $2,500,000 in East Hampton, NY 11937
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1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
Description
East Hampton Village Office Investment Opportunity
Situated on Newtown Lane in the absolute core of East Hampton Village's bustling business district, this fully renovated commercial condominium offers a rare opportunity to acquire a stabilized investment in one of the Hamptons' most sought-after and supply-constrained commercial corridors. Steps from the Village's marquee retail, dining, and services, the location supports consistent occupancy and enduring value.
Investment Summary
Asking Price: $2,500,000
Net Operating Income (NOI): ~$150,000 / year
Cap Rate: ~6.0%
Asset Footprint: ±2,000 SF (Entire Second Floor Commercial Office Condo)
Property Features & Layout:
Turnkey Configuration: The asset comprises eight private office units (ranging from 100 to 350 SF) that share a newly designed central kitchen and two modern tiled bathrooms.
High-End Contemporary Finishes: Thoughtfully upgraded with white oak flooring, custom cabinetry, stone countertops, high-end appliances, LED recessed lighting, and new shiplap paneling and trim throughout.
Advanced Office Technology: Features 1GB hardwired CAT6 internet with Ubiquiti access points, UniFi Touch interactive desktop smartphones, Smart Locks, and a ButterflyMX SMART ACCESS Video Intercom system.
Stable Tenant Base: Operates with a proven income stream, experiencing minimal historical vacancy and sustained local tenant demand.
Premier Location:
Neighboring marquee brands on Newtown Lane and Main Street include Brunello Cucinelli, Zimmermann, Chanel, Louis Vuitton, Eric Emanuel, Capital One Bank, Cittanuova, Amber Waves, and Verizon.
Offered strictly as a commercial condominium (second-floor office setup). For additional financial details, common charges, or to coordinate a private walkthrough, contact the Hamptons Commercial RE Team at Compass: Hal Zwick, Jeffrey Sztorc, and Sean Deery.
Situated on Newtown Lane in the absolute core of East Hampton Village's bustling business district, this fully renovated commercial condominium offers a rare opportunity to acquire a stabilized investment in one of the Hamptons' most sought-after and supply-constrained commercial corridors. Steps from the Village's marquee retail, dining, and services, the location supports consistent occupancy and enduring value.
Investment Summary
Asking Price: $2,500,000
Net Operating Income (NOI): ~$150,000 / year
Cap Rate: ~6.0%
Asset Footprint: ±2,000 SF (Entire Second Floor Commercial Office Condo)
Property Features & Layout:
Turnkey Configuration: The asset comprises eight private office units (ranging from 100 to 350 SF) that share a newly designed central kitchen and two modern tiled bathrooms.
High-End Contemporary Finishes: Thoughtfully upgraded with white oak flooring, custom cabinetry, stone countertops, high-end appliances, LED recessed lighting, and new shiplap paneling and trim throughout.
Advanced Office Technology: Features 1GB hardwired CAT6 internet with Ubiquiti access points, UniFi Touch interactive desktop smartphones, Smart Locks, and a ButterflyMX SMART ACCESS Video Intercom system.
Stable Tenant Base: Operates with a proven income stream, experiencing minimal historical vacancy and sustained local tenant demand.
Premier Location:
Neighboring marquee brands on Newtown Lane and Main Street include Brunello Cucinelli, Zimmermann, Chanel, Louis Vuitton, Eric Emanuel, Capital One Bank, Cittanuova, Amber Waves, and Verizon.
Offered strictly as a commercial condominium (second-floor office setup). For additional financial details, common charges, or to coordinate a private walkthrough, contact the Hamptons Commercial RE Team at Compass: Hal Zwick, Jeffrey Sztorc, and Sean Deery.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 2 | 2,000 SF | Office | $2,500,000 ($1,250.00/SF) | $150,000 |
Unit 2
| Unit Size |
| 2,000 SF |
| Condo Use |
| Office |
| Price |
| $2,500,000 ($1,250.00/SF) |
| NOI |
| $150,000 |
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Unit 2
| Unit Size | 2,000 SF |
| Condo Use | Office |
| Price | $2,500,000 ($1,250.00/SF) |
| NOI | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| Description | |
| East Hampton Village Office Investment Opportunity<br> <br> <br> Situated on Newtown Lane in the absolute core of East Hampton Village's bustling business district, this fully renovated commercial condominium offers a rare opportunity to acquire a stabilized investment in one of the Hamptons' most sought-after and supply-constrained commercial corridors. Steps from the Village's marquee retail, dining, and services, the location supports consistent occupancy and enduring value. <br> <br> <br> Investment Summary<br> Asking Price: $2,500,000<br> Net Operating Income (NOI): ~$150,000 / year<br> Cap Rate: ~6.0%<br> Asset Footprint: ±2,000 SF (Entire Second Floor Commercial Office Condo)<br> <br> <br> Property Features & Layout:<br> <br> Turnkey Configuration: The asset comprises eight private office units (ranging from 100 to 350 SF) that share a newly designed central kitchen and two modern tiled bathrooms.<br> <br> High-End Contemporary Finishes: Thoughtfully upgraded with white oak flooring, custom cabinetry, stone countertops, high-end appliances, LED recessed lighting, and new shiplap paneling and trim throughout.<br> <br> Advanced Office Technology: Features 1GB hardwired CAT6 internet with Ubiquiti access points, UniFi Touch interactive desktop smartphones, Smart Locks, and a ButterflyMX SMART ACCESS Video Intercom system.<br> <br> Stable Tenant Base: Operates with a proven income stream, experiencing minimal historical vacancy and sustained local tenant demand.<br> <br> <br> Premier Location:<br> Neighboring marquee brands on Newtown Lane and Main Street include Brunello Cucinelli, Zimmermann, Chanel, Louis Vuitton, Eric Emanuel, Capital One Bank, Cittanuova, Amber Waves, and Verizon. <br> <br> Offered strictly as a commercial condominium (second-floor office setup). For additional financial details, common charges, or to coordinate a private walkthrough, contact the Hamptons Commercial RE Team at Compass: Hal Zwick, Jeffrey Sztorc, and Sean Deery.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 4,000 SF | Floors | 2 |
| Property Type | Retail (Condo) | Typical Floor Size | 2,000 SF |
| Property Subtype | Storefront Retail/Residential | Year Built | 1900 |
| Building Class | C | Lot Size | 0.16 AC |
| Zoning | Office - Village Business - Second Floor Office | ||
| Total Building Size | 4,000 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront Retail/Residential |
| Building Class | C |
| Floors | 2 |
| Typical Floor Size | 2,000 SF |
| Year Built | 1900 |
| Lot Size | 0.16 AC |
| Zoning | Office - Village Business - Second Floor Office |
Amenities
- Air Conditioning
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Nearby Major Retailers
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Street View
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53-55 Newtown Ln
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