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2nd Floor - Unit 2
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Office
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2,000 SF
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$2,500,000 USD
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Unit Size: 2,000 SF
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Condo Use: Office
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Price: $2,500,000 USD
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Sale Type: Investment
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Price/SF: $1,250.00 USD
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.
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Sean Deery
Compass