Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Parcel in Nissequogue Village Title is generated by Realmo AI

    8 Steep Bank Road, Saint James, NY 11780

    View on Map
    Claim this Listing
    Pending
    $549,000

    LAND - Saint James, NY

    Lot size:
    1.97 Acres
    Added:
    May 1, 2025
    Days on Market:
    396
    Last Refresh:
    May 31 at 5:06 pm

    Property Features for 8 Steep Bank Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    0802-013-00-02-00-010-000
    Lot size
    1.97 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    1831

    We can help!

    Listing Contact
    Bryan Whalen

    Listing agent Bryan Whalen License #10401214759

    Listing office VYLLA Home 4 Commerce St Suite A1, Great Neck, NY

    Listing date May 1, 2025

    MLS# 856145 Listing URL

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

    HighLights

    • Approved DEC and Health Department permits for a 5,000 square‑foot custom home.
    • 2‑acre parcel in the prestigious Village of Nissequogue.
    • Situated at the end of a serene cul‑de‑sac, offering privacy and tranquility.
    • Elevated lot, providing stunning potential views and a commanding presence.
    • Located minutes from the Long Island Sound, beaches, and scenic views.
    • Proximity to renowned vineyards, stables, and golf courses.

    Overview

    This 1.97-acre parcel presents an opportunity to build a custom home in the Village of Nissequogue. Situated at the end of a cul-de-sac, the location offers privacy. Approved DEC and Health Department permits are in place for a 5,000 square-foot custom home. The elevated lot provides potential views and a commanding presence. The property is located minutes from the Long Island Sound, offering access to beaches and scenic views. The location also provides proximity to vineyards, stables, and golf courses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Saint James
    County
    Suffolk
    State
    New York
    Longitude
    -73.188013
    Latitude
    40.882461

    Nearby Similar for Sale

    • $675,000
      2,467 SF

      Turnkey Restaurant Opportunity Near Train

      Well-located commercial building with restaurant approvals and redevelopment potential.
      503 Lake Ave, Saint James, NY 11780
      View Details
    • $300,000

      Residential Land in Saint James

      Flat .25 acre residential land for sale in Saint James.
      Sixth Avenue, Saint James, NY 11780
      View Details
    • $3,955,000
      14,582 SF

      St. James Showroom/Warehouse Property

      14,582 SF showroom/warehouse in St. James' 'Auto Row'.
      791-795 Middle Country Rd, Saint James, NY 11780
      View Details
    • $3,000,000
      6,000 SF

      Turnkey Restaurant and Bar

      Fully built-out restaurant and bar with real estate included.
      420 N Country Rd, Saint James, NY 11780
      View Details
    • $499,000

      Land in Nissequogue Village

      Build your dream home in peaceful Nissequogue Village.
      260 Old Mill Road, Saint James, NY 11780
      View Details
    • Contact for pricing
      36,310 SF

      Showroom and Service Center

      36,000+ sq ft showroom and service center on 2.5 acres.
      535 Middle Country Rd, Saint James, NY 11780
      View Details
    • $1,399,000
      6,130 SF

      Mixed-Use Building with Auto Shop

      Mixed-use building featuring commercial space and updated apartments.
      400 Lake Avenue, Saint James, NY 11780
      View Details
    • Contact for pricing
      29,100 SF

      Industrial Property in Saint James

      Industrial property with office space and good parking.
      30 Jefferson Ave, Saint James, NY
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two-acre parcel to build a custom home near Long Island Sound.
    Where is this residential land & home lot located?
    The property is located at 8 Steep Bank Road Saint James, NY.
    What is the asking price?
    The asking price for this property is $549,000.
    What are key features of this property?
    This property features: Approved DEC and Health Department permits for a 5,000 square‑foot custom home.; 2‑acre parcel in the prestigious Village of Nissequogue.; Situated at the end of a serene cul‑de‑sac, offering privacy and tranquility.
    (631) 317-9979
    We can help!
    Listing Contact
    Bryan Whalen
    Real Estate License ID: 10401214759
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    8 Steep Bank Road, Saint James, NY 11780
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!