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    7 Cross Rd Remsenburg, NY 11960

    View on Map
    Sponsored
    For Sale
    $10,995,000

    Multi-Unit, Estate / Mansion - Remsenburg, NY

    Property size:
    8,250 SF
    Lot size:
    2.70 Acres
    Days on Market:
    10
    Last Refresh:
    Mar 27 at 2:06 pm

    Property Features for 7 Cross Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Family Room, Living Room
    Bedrooms
    5
    Bathrooms
    10
    APN
    0900-380.000-0001-011.000
    Parking features
    Garage
    Interior features
    Walk-in Closet
    Size
    8,250 SF
    Lot size
    2.70 Acres

    Utilities

    Cooling system
    Central Air
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    2003
    Year renovated
    2003
    Floors in Building
    2
    Building materials
    Stucco
    Architectural style
    Mansion

    We can help!

    Listing Contact
    Maida Srdanovic

    Compass

    Listing agent Maida Srdanovic

    Listing date Mar 18, 2026

    MLS# 11675003 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

    Waterfront Estate in Remsenburg, NY

    This waterfront estate, situated behind gates on a coveted lane in Remsenburg, New York, offers approximately 175 feet of bulkheaded frontage along Moriches Bay. The Mediterranean-inspired residence spans approximately 8,250 square feet and is designed for both entertaining and resort-style living. The home features steel beam construction throughout. A grand salon serves as the heart of the home, featuring coffered ceilings, a wood-burning fireplace, a custom bar, and multiple seating areas with French doors that open to the waterfront grounds. The chef's kitchen includes granite countertops and an oversized island, flowing into the dining area. The main level also houses four en-suite guest bedrooms, a flexible gym or wellness space, a sauna, and a powder room. The entire second level is dedicated to a private primary retreat, complete with a fireplace, a study, dressing rooms, and a spa-caliber bath with a steam shower and soaking tub. A 35-foot covered terrace overlooks the pool, cabanas, and bay views. The outdoor area includes a 25' x 45' heated gunite pool, two open-air cabanas, lawns, and a private sandy beach area. A fully equipped dock with floating slips, water, and electric is available for boating. Additional structures include an approximately 3,000 square foot carriage house with a four-car garage and a two-bedroom guest or staff residence above, as well as a separate three-car garage and service bay at the main residence. The property is set on a 2.7-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Hotel & Motel Department Store Cafe & Coffee Shop Bakery Plumbing Service Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Remsenburg
    County
    Suffolk
    State
    New York
    Longitude
    -72.716741
    Latitude
    40.803866

    Nearby Similar for Sale

    • $5,900,000

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      Manufacturing properties
      91 N Phillips Ave, Remsenburg, NY 11972
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    • $4,500,000
      Pending

      Industrial Property with Outside Storage

      Versatile industrial property with approved outside storage in prime location.
      196 Jagger Path A, Remsenburg, NY 11977
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    • $10,900,000

      Remsenburg Multifamily Property for Sale

      Multifamily property located in Remsenburg, NY available for purchase.
      74 Cedar Ln W, Remsenburg, NY 11960
      View Details

    FAQs

    What type of property is this?
    Single family property - Mediterranean-inspired waterfront estate with bay views and resort-style amenities.
    Where is this single family property located?
    The property is located at 7 Cross Rd Remsenburg, NY.
    What is the asking price?
    The asking price for this property is $10,995,000.
    What are key features of this property?
    This property features: - 175 feet of pristine bulkheaded waterfront on Moriches Bay with sunset views.; - Approximately 8,250 sq ft Mediterranean-inspired residence designed for entertaining and resort-style living.; - Private primary retreat on the entire second level with fireplace, study, dressing rooms, and spa-caliber bath.
    (212) 913-9058
    Request Owner's contact information
    7 Cross Rd Remsenburg, NY 11960
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    Remsenburg, NY 11960
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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
    7 Cross Rd Remsenburg, NY 11960
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