55 Newtown Lane

East Hampton NY 11937

Condo

Currently for sale - view listing

Overview

East Hampton Village Office Investment | Fully Renovated Commercial Condominium Offering Price: $2,495,000 Size: +- 2,000 Square Feet Layout: 8 Private Office Units Property Overview. Situated directly on Newtown Lane in the absolute core of East Hampton Village's bustling business district, this fully renovated commercial condominium presents a rare opportunity to acquire a stabilized, low-maintenance investment. Located steps from the Village's premier marquee retail, dining, and local services, this property is positioned in one of the Hamptons' most highly sought-after commercial corridors, supporting consistent occupancy and long-term enduring value. Key Features & Configuration Turnkey Layout with Modern Finishes: The property is thoughtfully configured into 8 private office units sharing a fully equipped central kitchen and two bathrooms. This setup creates an incredibly efficient, professional, and collaborative environment. Premium Upgrades: Each individual office space has been thoroughly upgraded with high-quality, contemporary finishes and built-in furnishings, offering a clean, modern aesthetic with highly broad tenant appeal. Proven, Stable Income: Boasting minimal historical vacancy, the property delivers a highly reliable Net Operating Income (NOI) of approximately $150,000 per year. Versatile Investment Potential: This asset is ideal for an investor looking for immediate, stabilized rental income in a supply-constrained market, or a future owner-user looking to restructure the space for private, premier occupancy. In Good CompanyLocated in a world-class luxury and commercial enclave, neighboring tenants along Newtown Lane and the immediate block include iconic brands and premier local destinations, such as: -Brunello Cucinelli -Chanel -Louis Vuitton -Zimmermann -Eric Emanuel -Capital One Bank -Cittanuova -Amber Waves -Verizon

Features

Condo

Property history for 55 Newtown Lane

2022

Sold

$1,100,000

06 Oct 2022 by Lee V Minetree, of Saunders & Associates

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