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    117 Main St Sag Harbor, NY 11963

    Sponsored
    For Lease
    $14,430 /Mo ($157 SF/Yr)

    Commercial Lease - Sag Harbor, NY

    Property size:
    1,100 SF
    Days on Market:
    7
    Last Refresh:
    Jan 21 at 11:06 pm

    Property Features for 117 Main St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    0903-003.000-0004-004.000
    Parking features
    Garage
    Size
    1,100 SF

    Building Details

    Year built
    1790
    Year renovated
    1790
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Hal Zwick

    Compass (212) 913-9058 [email protected]

    Listing agent Hal Zwick (212) 913-9058

    Listing date Jan 15, 2026

    MLS# 11610155 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Retail Space on Main

    This commercial space for lease is located on Main Street in Sag Harbor, NY. The property features a historic façade and benefits from strong pedestrian flow, offering exceptional brand exposure. Modified wet-use is permitted. The space has previously operated as both a fashion boutique and a specialty coffee shop, providing excellent flexibility for retail, lifestyle, or light food concepts. The bright interior offers a versatile footprint suited for creative merchandising. The 1,100 square foot property includes two separate entrances on either side of a grand residential staircase, allowing for seamless access, multi-concept configurations, or enhanced customer flow. This is a rare opportunity to secure a premier Main Street location with strong year-round demand. Surrounding tenants include Page at 69 Main, Provisions Market, American Hotel, Sylvester and Co, Satori, and Carissa's Bakery.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Peleg Latham House Historical Landmark Jack's Stir Brew ... Coffee Shop Andie Swim Swimwear Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sag Harbor
    County
    Suffolk
    State
    New York
    Longitude
    -72.295152
    Latitude
    40.999666

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    FAQs

    What type of property is this?
    Retail space - Exceptional retail space in Sag Harbor with high pedestrian traffic.
    Where is this retail space located?
    The property is located at 117 Main St Sag Harbor, NY.
    What is the lease rate?
    The lease rate is $157 SF/Yr.
    What are key features of this property?
    This property features: - Premier Main Street location with strong year-round demand.; - Historic façade offers strong pedestrian flow and exceptional brand exposure.; - Modified wet-use permitted, suitable for retail, lifestyle, or light food concepts.
    (212) 913-9058
    Request Owner's contact information
    117 Main St Sag Harbor, NY 11963
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    117 Main St Sag Harbor, NY 11963
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    We can help!
    Listing Contact
    Hal Zwick
    (212) 913-9058
    Learn more
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