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Aquebogue 11901
534 Main Road
Photo of 534 Main Road

6

Map

Photo of 534 Main Road
Photo of 534 Main Road
$625,000
● Land - In Contract

534 Main Road

Riverhead, NY 11901
bedrooms
Studio
bathrooms
0 Bath
$4,138
Est. Monthly

About This Property

An exceptional opportunity in the heart of the North Fork-this 3.9-acre parcel offers rare subdivision potential in a prime Main Road location. With current zoning and town approvals, the property can be divided into two lots as it stands, with the possibility of creating up to four building lots through the purchase of two Transfer of Development Rights (TDRs). Preliminary meetings with the town and planning department have been favorable, indicating that a subdivision of this nature is achievable. Buyers are encouraged to conduct their own due diligence. Please note that no offers "subject to" subdivision will be considered. Ideally situated near vineyards, beaches, farm stands, and local restaurants, this property combines development potential with the very best of North Fork living.  Four Lot Subdivision Pending.
Unit Size
-
Days on Market
-
Land Size
3.90 acres
Price per sqft
-
Property Type
Land
Property Taxes
$1,069
HOA Dues
-
Year Built
-

Listed By

Kristy Naddell
Kristy Naddell
[email protected]
Douglas Elliman Real Estate

Payment Calculator

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 months ago (OneKey MLS #KEY934436)

Price History

Date / Event Date Event Price
Sep 19, 2026 In contract -
In contract
Aug 20, 2026 Price Decreased $625,000
↓ $50K (7.4%)
Price Decreased
May 28, 2026 Price Decreased $675,000
↓ $74K (9.9%)
Price Decreased
Mar 19, 2026 Price Decreased $749,000
↓ $50K (6.3%)
Price Decreased
Jan 27, 2026 Price Decreased $799,000
↓ $50K (5.9%)
Price Decreased
Show More

Property Highlights

Exterior Details
Building Area Units: Square Feet
Lot Features: Level, Wooded
Lot Size Area: 169884
Lot Size Units: Square Feet
Lot Size Acres: 3.9
Lot Size Square Feet: 169884
Lot Size Dimensions: 3.9
Tax Lot: 13
Water Source: None
Financial Details
Tax Annual Amount: $12,829
Utilities Details
Sewer : None
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Aquebogue

Stats & Trends

Median Asking:

$899,000

Sale Price/ft²

$520

Below Asking

0.05%

Average Days on Market

92

Average Home Size

4327 ft²

Average Home Age

35.5 years

Currently For Sale

11 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 28 Whites Lane, Aquebogue, NY, 11931

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
28 Whites Lane, Aquebogue, NY, 11931 Listing by James Bissett
Unit for rent at 47 Whitebrook Drive, Riverhead, NY, 11901

$4,100 /mo

  • 3 Beds
  • 2 Baths
  • 1,500 ft²
47 Whitebrook Drive, Riverhead, NY, 11901 Listing by Thomas Panebianco
Unit for rent at 331 E Main Street, Riverhead, NY, 11901

$4,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,200 ft²
331 E Main Street, Riverhead, NY, 11901 Listing by Judi McAvoy

Rentals Near You

Click here to view more rentals in the neighborhood.
OneKey

Last Updated: 2 months ago
Data Source: OneKey MLS

Frequently Asked Questions

When was property at 534 Main Road built and last sold?
The property at 534 Main Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 534 Main Road is $631,250.
What are some comparable homes to 534 Main Road?
There are currently no comparable homes to 534 Main Road.
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