Listed by Douglas Elliman Commercial Division
$3,500,000
127 Inlet Rd W
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,497
Units 5
Cap Rate 5.07%
NOI $177,351
Price per SqFt $778
Acreage 0.800
Zoning R20
Multifamily | 5.07% CAP | 5 Units
Marketing description
Presenting a rare opportunity to acquire a compound enclave just 100 yards from beach access to Peconic Bay. Located at 127 Inlet Road West, at the
gateway to Southampton, this property comprises five free-standing residences on a beautifully landscaped 0.80-acre parcel.
The compound is anchored by a four-bedroom, three-bath main house, complemented by four additional residences: Cottage 1 (two bedrooms/one bath),
Cottage 2 (one bedroom/one bath), Cottage 3 (two bedrooms/one bath), and Cottage 4 (two bedrooms/one bath). Each residence is year-round, renovated,
well-appointed, separately metered, and offers private outdoor space. Shared amenities include an outdoor shower, multiple garden lounge areas, a
productive vegetable and fruit garden, ample storage sheds for bikes and kayaks, shared laundry facilities, and three large parking areas.
The property has a long rental income history, with several units offered fully furnished. Importantly, historical rents achieved at this compound were
significantly higher than current levels, underscoring the potential for strong upside through repositioning, management optimization, or targeted marketing.
This makes the asset particularly attractive for investors seeking value-add opportunities in a high-demand location.
With its proximity to Peconic Bay, flexible unit mix, and established rental track record, the compound is well-suited for a variety of uses including a
boutique bed and breakfast, year-round rental investment, wellness retreat, or family compound. The property is located in the Hamlet of Shinnecock Hills
within the Tuckahoe School District.
Investment highlights
- Rare Compound Offering: Five free-standing residences on a beautifully landscaped 0.80-acre parcel, just 100 yards from Peconic Bay beach access.
- Flexible Unit Mix: Main House with four bedrooms and three baths, complemented by four cottages ranging from one to two bedrooms.
- Turnkey & Renovated: Each residence is year-round, renovated, separately metered, and offers private outdoor space, with several units delivered fully furnished.
- Established Rental History: Long track record of rental income, with historical rents achieved at significantly higher levels than current, presenting clear upside potential.
- Attractive Location & Amenities: Situated at the gateway to Southampton in Shinnecock Hills, with shared amenities including outdoor shower, garden lounge areas, productive vegetable/fruit garden, storage sheds, laundry facilities, and three large parking areas.
Listing Contacts
Listed by Douglas Elliman Commercial Division
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$177,351.00
$14,779.25/mo
Valuation Metrics
0
DSCR
5.07%
Cap Rate
5.07%
ROI
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