Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Grindstone Island Waterfront Land Title is generated by Realmo AI

    Rusho Bay, Clayton, NY 13624

    View on Map
    Claim this Listing
    For Sale
    $269,900

    LAND - Bungalow, Cottage - Clayton, NY

    Property size:
    400 SF
    Lot size:
    4.00 Acres
    Price / SF:
    $674/SF
    Added:
    Jan 6, 2026
    Days on Market:
    128
    Last Refresh:
    May 14 at 10:06 am

    Property Features for Rusho Bay

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Driveway
    Interior features
    SeparateFormalLivingRoom, KitchenFamilyRoomCombo, LivingDiningRoom, BedroomOnMainLevel
    Exterior features
    Dock, PropaneTankOwned
    Appliances
    Refrigerator
    Standard status
    Active
    APN
    223289-012-000-0001-038-100
    Size
    400 SF
    Lot size
    4.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    2

    Utilities

    Water front features
    Canal Access, Stream, River Access
    Water front
    1

    Building Details

    Year built
    1910
    Floors in Building
    1
    Flooring type
    Carpet, Varies, Hardwood
    Building materials
    WoodSiding
    Architectural style
    Cottage, Bungalow
    Additional Structures
    Shed(s)

    We can help!

    Listing Contact
    Amanda J Miller
    Amanda J Miller

    Listing agent Amanda J Miller License #49MI0953024

    Listing office Lake Ontario Realty, LLC 12396 NYS Route 12E, Chaumont, NY

    Listing date Jan 6, 2026

    MLS# S1656587 Listing URL

    Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 4 acres of land with 200' of riverfront on Grindstone Island
    • Dock included, with river access to Rusho Bay, perfect for fishing, swimming, and boating
    • Minutes from Clayton, offering convenient access to mainland amenities
    • Off‑grid property offering privacy and a unique island getaway experience
    • Potential to renovate existing cottage or build a new island home
    • Located on Grindstone Island, near town docks, Potters Beach, and a winery

    Overview

    This off-grid Grindstone Island property offers a getaway opportunity. The property includes a one-bedroom cottage with an open floor plan and an outhouse. It features 4 acres of land with 200 feet of riverfront. Located minutes from Clayton, the property is situated in Rusho Bay, a protected bay suitable for fishing, swimming, and boating. The land is part of a larger parcel. Grindstone Island features town docks, Potters beach, and a winery. The existing cottage can be renovated, or the site can be used to build a new island home.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Clayton
    County
    Jefferson
    State
    New York
    Longitude
    -76.084026
    Latitude
    44.279479

    Nearby Similar for Sale

    • $399,900
      4,867 SF

      Clayton, NY Investment Opportunity

      Eight-unit apartment building with strong rental income and upside potential.
      29613 State Route 12, Clayton, NY 13624
      View Details
    • $699,900
      10,774 SF

      Turnkey Bar/Restaurant in Clayton, NY

      Turnkey bar and restaurant in the heart of Clayton, New York.
      110 State Street, Clayton, NY 13624
      View Details
    • $299,900
      4,800 SF

      Fully Occupied Commercial Investment Property

      Four-unit commercial property with long-term tenants in high-traffic area.
      32523 Rt-12, Clayton, NY 13624
      View Details
    • $199,000
      43,560 SF

      Residential Land in Clayton, NY

      Residential development land near downtown Clayton and St. Lawrence River.
      James Street, Clayton, NY 13624
      View Details
    • $695,500

      Versatile Commercial Building in 1000 Islands

      Commercial building with business and living space in prime location.
      41468 State Route 12, Orleans, NY 13624
      View Details
    • $49,900

      Cleared Lot Near St. Lawrence

      Cleared 0.96-acre lot with well and driveway near St. Lawrence.
      16973 May Irwin Road, Clayton, NY 13624
      View Details
    • $319,000
      4,900 SF

      Prime Commercial Building in Clayton

      Spacious building in prime location near St. Lawrence River.
      708 James St, Clayton, NY 13624
      View Details
    • $1,399,900
      10,774 SF

      Waterfront Commercial Opportunity: Turnkey Properties

      Three renovated properties: restaurant/bar, motel, and trailer on waterfront.
      110 State Street, Clayton, NY 13624
      View Details
    • $415,000
      4,867 SF

      Gunns Corners 8-Unit Apartment Building

      Investment opportunity with strong rental appeal and upside potential.
      29613 State Route 12, Clayton, NY 13624
      View Details
    • $55,000

      Wooded Lot Near Clayton Village

      Private wooded lot near Clayton, NY, with utilities.
      Birch Lane, Clayton, NY 13624
      View Details
    • $549,900
      6,000 SF

      Turnkey Restaurant/Bar Opportunity

      Recently renovated 6000+ SF building ready for immediate operation.
      8353 County Route 9, Clayton, NY, 13624-2259
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Four-acre waterfront land with a one-bedroom cottage near Clayton.
    Where is this waterfront land located?
    The property is located at Rusho Bay Clayton, NY.
    What is the asking price?
    The asking price for this property is $269,900.
    What are key features of this property?
    This property features: 4 acres of land with **200' of riverfront on Grindstone Island**; **Dock included**, with river access to Rusho Bay, perfect for fishing, swimming, and boating; Minutes from Clayton, offering convenient access to mainland amenities
    (315) 649-3434
    We can help!
    Listing Contact
    Amanda J Miller
    Amanda J Miller
    Real Estate License ID: 49MI0953024
    Learn More
    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
    Rusho Bay, Clayton, NY 13624
    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!