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62 Oak St 18 Unit Apartment Building $7,775,000 ($431,944/Unit) Westhampton Beach, NY 11978
INVESTMENT HIGHLIGHTS
- PRIME HAMPTONS MULTI FAMILY OPPORTUNITY (18 UNITS) -
- LUXURY DEMOGRAPHIC ZIP CODE
- LAST REMAINING ADD VALUE in the HAMPTONS AREA
- STEPS to NEW DOWNTOWN MAIN STREET WESTHAMPTON BEACH
EXECUTIVE SUMMARY
***** RARE OPPORTUNITY - (18) UNIT YEAR-ROUND IN-LINE APARTMENT COMPLEX in VILLAGE of WESTHAMPTON BEACH. ******
Located on PRIME 1.05 ACRES - South of the Highway in luxury demographic of Westhampton Beach
(18) Individual Gas & Electric Meters; (18) Individual Forced Hot Air Heating Units; Private Paved Parking; Private Mailboxes;
Unparalleled WHB VILLAGE location with direct sidewalks leading to new DOWNTOWN WESTHAMPTON BEACH MAIN STREET with all new VILLAGE THEATERS; FINE DINING; PRIVATE GOLF COURSES and 5 MINUTES to DUNE ROAD OCEAN BEACHES and SEASIDE EVENTS 3 minutes to M.T.A./L.I.R.R. WESTHAMPTON BEACH STATION; HAMPTON JITNEY and coveted WHB SCHOOL DISTRICTS.
* FREE MARKET RENTS
* LAST REMAINING FULL TIME / YEAR-ROUND ADD-VALUE OPPORTUNITY in HAMPTONS AREA
* MARKET/ ZONING BARRIERS PROHIBIT DUPLICATION
* STRATEGIC REPOSITIONING OPPORTUNITY
* PASSIVE INCOME or HANDS-ON INVESTMENT (for added strategic SEASONAL LEASING)
FINANCIALS AVAILABLE with P.O.F /PRE-APPROVAL.
CALL DIRECT for INQUIRES
Located on PRIME 1.05 ACRES - South of the Highway in luxury demographic of Westhampton Beach
(18) Individual Gas & Electric Meters; (18) Individual Forced Hot Air Heating Units; Private Paved Parking; Private Mailboxes;
Unparalleled WHB VILLAGE location with direct sidewalks leading to new DOWNTOWN WESTHAMPTON BEACH MAIN STREET with all new VILLAGE THEATERS; FINE DINING; PRIVATE GOLF COURSES and 5 MINUTES to DUNE ROAD OCEAN BEACHES and SEASIDE EVENTS 3 minutes to M.T.A./L.I.R.R. WESTHAMPTON BEACH STATION; HAMPTON JITNEY and coveted WHB SCHOOL DISTRICTS.
* FREE MARKET RENTS
* LAST REMAINING FULL TIME / YEAR-ROUND ADD-VALUE OPPORTUNITY in HAMPTONS AREA
* MARKET/ ZONING BARRIERS PROHIBIT DUPLICATION
* STRATEGIC REPOSITIONING OPPORTUNITY
* PASSIVE INCOME or HANDS-ON INVESTMENT (for added strategic SEASONAL LEASING)
FINANCIALS AVAILABLE with P.O.F /PRE-APPROVAL.
CALL DIRECT for INQUIRES
PROPERTY FACTS Under Contract
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Bicycle Storage
- Public Transportation
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 17 | $2,500 | 720 |
| 1+1 | 1 | $1,900 | 720 |
1 1
PROPERTY TAXES
| Parcel Number | 0905-005-00-03-00-020-000 | Improvements Assessment | $1,943,500 |
| Land Assessment | $806,500 | Total Assessment | $2,750,000 |
PROPERTY TAXES
Parcel Number
0905-005-00-03-00-020-000
Land Assessment
$806,500
Improvements Assessment
$1,943,500
Total Assessment
$2,750,000
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62 Oak St
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