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    12 Rose St Sag Harbor, NY 11963
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    12 Rose St, Sag Harbor, NY 11963

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    • Investment properties
    • 1,755 SF
    • 0.11 lot acres
    For Sale
    $1,995,000
    View Listing →
    Sag Harbor Village Commercial Building For Sale
    $1,995,000
    1,755 SF

    Sag Harbor Village Commercial Building

    Renovated mixed-use property in Sag Harbor Village with commercial flexibility.

    12 Rose Street, Sag Harbor, NY 11963
    View Listing
    Property ID
    US63-0364936
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sean Edison Salon / Hair Salon / Nail Salon
    • Richard Richter / Physician
    • Nails by Betty / Nail Salon
    • Shirley's Mind & Body / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 12 Rose St

    Year built
    2003
    Lot size
    0.11 lot acres
    Zone code
    VILLA
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0903-002.00-02.00-015.001
    APU
    903002000200015001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 14, 2021 — 12 Rose Street LLC — Deed · related $1.4M · Dime Community Bank
    Apr 28, 2014 $560,000 Rkt Investors LLC Richter,richard J & Susan H Grant Deed $420k · Bridgehampton Nat'l Bk

    Description

    This exceptional Sag Harbor mixed-use property presents a compelling investment opportunity. Located in the heart of the Village Office District, this 2,670 square foot building sits on a 0.11-acre lot, offering unparalleled access and visibility. Currently configured as a first-floor personal service business (massage therapy) and a second-floor two-bedroom, one-bathroom apartment, the property provides immediate income potential. The building, constructed in 1991, is a two-story structure with permitted zoning allowing for a variety of uses, including professional offices, personal service businesses, single-family homes, apartments, bed-and-breakfasts, retail, and more (subject to specific zoning regulations). The seller is willing to refresh the exterior with painting and landscaping upon request. Its prime location, adjacent to major public parking, ensures high foot traffic and accessibility. The property's tax assessment reflects a 2023 Town tax bill of $3,494.70 and a Village tax bill of $880.64. The asking price is $1,895,000. An adjacent property, 23 Bridge Street, is also available for purchase as an assemblage, totaling approximately 3,000 square feet on a 0.29-acre lot. This presents a unique opportunity to acquire a significant portfolio in a highly desirable location. The property's dimensional regulations include a maximum building lot coverage of 70% and a maximum building height of two stories or 35 feet. A minimum area of 600 square feet is required per business. The Suffolk County Tax Map number is 0903-002.000-0002-015.001.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sag Harbor
    County
    Suffolk
    State
    New York
    Longitude
    -72.2968
    Latitude
    41.0005
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2020
    $8,887
    $359,200
    $274,900
    $634,100
    -
    $516,835
    $395,540
    $912,375

    Comparable in this City

    • Value Estimation
      $550,000
      3,123 SF

      41 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      41 Main St, Sag Harbor, NY 11963-3012
      View Details
    • Value Estimation
      $600,000
      2,360 SF

      144 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      144 Main St, Sag Harbor, NY 11963-3007
      View Details
    • Value Estimation by Request
      1,007 SF

      42 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      42 Main St, Sag Harbor, NY 11963-3006
      View Details
    • Value Estimation
      $2,525,000
      9,868 SF

      48 Madison St

      OFFICE/RESIDENTIAL (MIXED USE)
      48 Madison St, Sag Harbor, NY 11963-4463
      View Details
    • Value Estimation
      $515,000
      2,346 SF

      96 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      96 Main St, Sag Harbor, NY 11963-3006
      View Details
    • Value Estimation by Request
      2,058 SF

      23 Brg St

      OFFICE/RESIDENTIAL (MIXED USE)
      23 Brg St, Sag Harbor, NY 11963-3023
      View Details

    Similar Nearby for Sale

    • $1,995,000
      1,755 SF

      Sag Harbor Village Commercial Building

      Renovated mixed-use property in Sag Harbor Village with commercial flexibility.
      12 Rose St, Sag Harbor, NY 11963
      View Details
    • Contact for pricing
      9,032 SF

      Sag Harbor Mixed-Use Buildings Assemblage

      Two mixed-use buildings with retail and residential units in Sag Harbor.
      3 Madison St, Sag Harbor, NY 11963
      View Details
    • $1,750,000
      0.37 Acres

      Waterfront Land Parcel in Sag Harbor

      Approved land parcel ready for a custom Hamptons waterfront home.
      4529 Noyac Rd, Sag Harbor, NY 11963
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    • $3,795,000
      1.90 Acres

      North Haven Vacant Land Opportunity

      1.92 acres in Sag Harbor's waterfront community, development potential.
      46 Robertson Dr, Sag Harbor, NY 11963
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    • $3,995,000
      0.24 Acres

      Sag Harbor Bay Waterfront Land

      Vacant land with permits for a custom beach house.
      11 Terry Dr, Sag Harbor, NY 11963
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    • $1,695,000
      2.64 Acres

      Sag Harbor Vacant Land Opportunity

      2.64 acre vacant land parcel in Sag Harbor, NY.
      2236 Deerfield Rd, Sag Harbor, NY 11963
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Turnkey Office Space in Sag Harbor

      Second-floor office space in Sag Harbor with all-inclusive rent.
      17 Main St, Sag Harbor, NY 11963
      View Details
    • $30,000
      230 SF

      Sag Harbor Second-Floor Office Suite

      Turnkey office space in a central Main Street location.
      17 Main St, Sag Harbor, NY 11963
      View Details
    View Listing
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    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.

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