East Hampton commercial building with eight apartments asks $8.95M

There’s a commercial building with two storefronts and eight apartments, a detached garage, and a shingled main house

By Grace Cassidy Oct 26, 2018, 7:24am EDT

This commercial listing and investment property in East Hampton at 105-107 Newtown Lane has come on the market for $8.95 million.

The 0.38-acre property comes with a 10,783-square-foot main building with two storefronts on the ground level and eight one-bedroom apartments upstairs. There’s also a 1,105-square-foot detached garage and a four-bedroom house.

Each apartment is about 500 square feet in size, each with one bedroom and one bathroom, plus an open concept living room and kitchen, and one has been recently renovated. The shingled main house on the property has three ensuite bedrooms on the second floor and a bonus room or bedroom on the first floor.

Right now, the ground level storefronts are home to the East Hampton location of Mary’s Marvelous and Elegant Touch nail salon.

According to PropertyShark records, the property was purchased in October of 2013 for $5 million. Brown Harris Stevens agents Anthony Cerio, Mitchel Natter, and Jared Schiavoni represent the current listing.