58 Howard St - Apartments FOR SALE


Sag Harbor, NY 11963
$6,350,000 USD
631-678-2460
58 Howard St, Sag Harbor, NY for Sale
$6,350,000 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

58 Howard St
Sag Harbor, NY 11963


HIGHLIGHTS

  • Sag Harbor Village Prime Location
  • Rare Set Up With Main House Plus 4 Apartments
  • Fully Renovated With Great Income History

OVERVIEW

Exceptional Sag Harbor Village Location – Situated on Howard Street, this 0.509-acre property is a unique offering in the heart of Sag Harbor Village; near Main Street and the harbor. Its central location ensures strong appeal for residents and investors seeking to be located in one of the Hamptons’ most vibrant communities. Multi-Family Complex with Versatile Use – The property features a traditional main house with three bedrooms and four bathrooms, recently renovated to showcase modern luxury. Behind the main house is a +/-4,000sf apartment building consisting of four two-bedroom units and one one-bedroom unit, each with access to a shared outdoor space and a large parking lot. The site also includes storage pods and a detached garage, formerly used as an artist studio. High-Demand Rental Market – This property’s ideal location and premium features drive exceptional demand. The apartment building consistently maintains a waiting list for available units, supplemented by strong rental income from the main house. Its reputation as a reliable income property brings long-term returns for investors. Potential for Redevelopment – The site performs exceptionally as-is, but its fundamentals make it an excellent candidate for redevelopment into a private estate or other uses allowed under local regulations, offering flexibility for long-term growth or repositioning. Asking Price: $6,350,000.00 Inquire with the Hamptons Commercial RE Team for additional information. Tax ID #: 473609 003.000-0002-002.000 2024 Town Tax Bill: $9,429.66 2024 Village Tax Bill: $$4,650.54

FOR SALE DETAILS

PRICE

$6,350,000 USD

PRICE/SF

$1,840 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,270,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1989

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,215 SF

ZONING

VILLA

APN/PARCEL ID

0903-003-00-02-00-002-000

ASK ABOUT THIS PROPERTY

Hal ZwickCompassMore Info
631-678-2460

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Hal ZwickCompassMore Info
631-678-2460

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.