Multifamily Southampton
Investment Highlights
Southampton / North Sea — waterfront compound with four separate legal structures on bulkheaded creek frontage, direct access to North Sea Harbor and Peconic Bay. Pre-existing legal multi-structure — not replicable under current zoning. New IA septic, public water, waterfront cottage just renovated. Established rent roll, income producing. Rental history and survey on signed NDA. Normal sale
Income and expenses are described below. The property is possible to be delivered vacant and can relocate all tenants if needed.
1. First cottage: 2 bedroom, 1 bath, full basement $3,500 Monthly
2. Second structure: unheated studio
3. Third cottage: Studio $3,000 Monthly
4. 4th cottage near creek: 1 bedroom 1 loft $3,500 Monthly
All separate utilities
Taxes per year 3,900
Insurance 10k per year
Location
📍 Southampton
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Who finances deals like this
The lenders with the most recorded multifamily mortgages since 2021, from public ACRIS filings.
- JPMORGAN Chase Bank, N.a. — 6,249 loans, typically $85K–$799K
- Citizens Bank NA — 3,374 loans, typically $126K–$660K
- TD Bank NA — 2,670 loans, typically $117K–$500K
- Rocket Mortgage, LLC — 2,561 loans, typically $140K–$528K
- United Wholesale Mortgage, LLC — 2,526 loans, typically $420K–$849K
Underwrite this deal
Pro-forma, debt sizing against real recorded NYC leverage, cash flow, IRR and a sensitivity grid. Free account — no card.
