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 in Manhattan since 2021, from public ACRIS filings.
- National Consumer Cooperative Bank — 614 loans, typically $475K–$1.6M
- Apple Bank For Savings — 162 loans, typically $500K–$2.47M
- Webster Bank, National Association — 127 loans, typically $631K–$6.02M
- Flushing Bank — 104 loans, typically $178K–$1.75M
- Fcr Dc Jv Holdings LLC — 42 loans, typically $497K–$2.55M
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