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Property profile & analytics
FOR LEASE
Investment properties

12 Rose St Sag Harbor, NY 11963

1,755 SF 0.11 ac lot Built 2003
Entity Owned 12-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US63-0364936
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 2003
Total area 1,755 SF
Lot 0.11 ac (4,792 SF)
Zoning code VILLA
APN 0903-002.00-02.00-015.001
UPID US63-0364936
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Rkt Investors LLC · 12 yrs held
Rkt Investors LLC
since 2014
2 recorded transactions
2021
Price N/A
2014
$560,000
Zoning & alternative use
VILLA · Sag Harbor, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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