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35 Gardners Ln
Hampton Bays, NY 11946
Multifamily Property For Sale
·
2 Units
INVESTMENT HIGHLIGHTS
- Waterfront Location with Bay Views: 80 feet of Shinnecock Bay frontage, sandy beach access, and a 40-foot dock.
- Redevelopment Potential: Offered with architectural plans and approvals for custom beach house, guest cottage, and gunite pool.
- Prime Hampton Bays Setting: 0.49-acre parcel with extensive decking, landscaped grounds, and proximity to ocean beaches.
- Multiple Structures For Income Potential: Main house (2BR/2BA with fireplace), guest cottage, studio over garage, and detached 2-car garage.
- Strong Investment Fundamentals: Multifamily zoning, sprinklers, and low annual taxes of only $14,309 enhance long-term value.
- Each Home is Also Available for Lease
EXECUTIVE SUMMARY
Presenting a rare investment opportunity in Hampton Bays: a waterfront property with direct Shinnecock Bay views on Penny Pond, 80 feet of frontage, a 40-foot dock, and sandy beach access. Situated on 0.49 acres, this compound offers multifamily zoning and multiple income-producing structures, making it an ideal candidate for investors seeking rental upside or redevelopment potential.
The property is anchored by a two-bedroom, two-bath main house with an open floor plan, cathedral ceilings, gourmet kitchen, dining area, and living room with fireplace. Architectural plans and approvals are in place to renovate and expand the existing structures, including a separate guest cottage and an 18- foot-by-36-foot gunite pool. Additional residences include a two-bedroom, one-bath cottage, a one-bedroom, one-bath studio above a two-car detached garage, and ample outdoor decking for entertaining and relaxation.
Key property features include sprinklers, extensive landscaped grounds, and low annual taxes of only $14,309. Several units are separately metered, offering flexibility for year-round rental income. With multifamily zoning, bay views, and strong demand for waterfront rentals, this asset provides investors with multiple strategies: reposition as a boutique rental compound, operate as a seasonal retreat, or redevelop into a luxury waterfront estate.
Located just minutes from ocean beaches and at the gateway to the Hamptons, this property combines lifestyle appeal with investment-grade fundamentals. Both homes are also available for lease.
The property is anchored by a two-bedroom, two-bath main house with an open floor plan, cathedral ceilings, gourmet kitchen, dining area, and living room with fireplace. Architectural plans and approvals are in place to renovate and expand the existing structures, including a separate guest cottage and an 18- foot-by-36-foot gunite pool. Additional residences include a two-bedroom, one-bath cottage, a one-bedroom, one-bath studio above a two-car detached garage, and ample outdoor decking for entertaining and relaxation.
Key property features include sprinklers, extensive landscaped grounds, and low annual taxes of only $14,309. Several units are separately metered, offering flexibility for year-round rental income. With multifamily zoning, bay views, and strong demand for waterfront rentals, this asset provides investors with multiple strategies: reposition as a boutique rental compound, operate as a seasonal retreat, or redevelop into a luxury waterfront estate.
Located just minutes from ocean beaches and at the gateway to the Hamptons, this property combines lifestyle appeal with investment-grade fundamentals. Both homes are also available for lease.
PROPERTY FACTS
| Sale Type | Investment | Building Class | B |
| No. Units | 2 | Lot Size | 0.46 AC |
| Property Type | Multifamily | Building Size | 5,136 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1992 |
| Zoning | RWB - Resort and Waterfront Business | ||
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 5,136 SF |
| No. Stories | 2 |
| Year Built | 1992 |
| Zoning | RWB - Resort and Waterfront Business |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 0900-322-00-04-00-002-000 | Improvements Assessment | $459,744 CAD |
| Land Assessment | $667,792 CAD | Total Assessment | $1,127,535 CAD |
PROPERTY TAXES
Parcel Number
0900-322-00-04-00-002-000
Land Assessment
$667,792 CAD
Improvements Assessment
$459,744 CAD
Total Assessment
$1,127,535 CAD
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