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55 Newtown Ln - 55 Newtown Ln, East Hampton 2,000 SF Office Condo Unit Offered at $2,495,000 in East Hampton, NY 11937
Executive Summary
Prime Village Location — Situated on Newtown Lane in the core of East Hampton Village's business district, this fully renovated commercial condominium offers a rare opportunity to acquire a stabilized investment in one of the Hamptons' most sought-after commercial corridors. Steps from the Village's marquee retail, dining, and services, the location supports consistent occupancy and enduring value. Turnkey Configuration with Modern Finishes — The property comprises eight private office units sharing a central kitchen and two bathrooms, creating an efficient, collaborative environment for professionals. Each office has been thoughtfully upgraded with high-quality finishes & built-in furnishings — a clean, contemporary aesthetic with broad tenant appeal. Proven Income with Long-Term Stability — With minimal historical vacancy and net operating income of approximately $150,000 per year, the offering presents a reliable, low-maintenance investment in a supply-constrained market. Whether held for stabilized income or restructured for owner-occupancy, the East Hampton Village office market offers sustained tenant demand and exceptional fundamentals. In Good Company - Newtown Lane neighbors include Brunello Cucinelli, Zimmermann, Chanel, Louis Vuitton, Eric Emanuel, Capital One Bank, Cittanuova, Amber Waves, and Verizon. Asking Price: $2,495,000 Contact the Hamptons Commercial RE Team for additional information. Offered as a commercial condominium (second-floor office). Common charges and additional financial detail available on request.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 6.01% |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Second Flo | 2,000 SF | Office | $2,495,000 ($1,247.50/SF) | $150,000 |
Unit Second Flo
| Unit Size |
| 2,000 SF |
| Condo Use |
| Office |
| Price |
| $2,495,000 ($1,247.50/SF) |
| NOI |
| $150,000 |
Unit Second Flo
| Unit Size | 2,000 SF |
| Condo Use | Office |
| Price | $2,495,000 ($1,247.50/SF) |
| NOI | $150,000 |
| Sale Type | Investment |
| Cap Rate | 6.01% |
| Description | |
| Highly desirable 2,000 SF second-floor commercial office condominium in the heart of East Hampton Village. Offered at $2,495,000, this fully built-out, turn-key asset delivers an immediate $150,000 NOI at a strong 6% Cap Rate with stable tenant income. Exceptional investment or owner-user opportunity with premier visibility and dedicated parking at 55 Newtown Lane / 110 Park Place.</li></ul> |
Property Facts
| 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
Nearby Major Retailers
