New search
Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Turn key restaurants
16 Main St, Sag Harbor, NY 11963-3005
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US63-0468687
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1994
Total area
3,128 SF
Lot
0.26 ac (11,326 SF)
Zoning code
VILLA
APN
0903-002.00-02.00-020.000
UPID
US63-0468687
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
-
Urban Zen Department Store
-
Tutto il Giorno Sag Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$746k
Blend (final)
Blend
$705k
Owner & transaction history
Happy On Main LLC · 8 yrs held
Happy On Main LLC
since 2018
6 recorded transactions
Zoning & alternative use
VILLA · Sag Harbor, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sag Harbor submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sag Harbor submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$705k
Range $635k – $776k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$225 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2020Property tax & assessments
Tax year 2020
Tax billed
$36,852
Tax year 2020
Assessed value
$4,847,600
Assessed 2023
Previous assessed
$4,847,600
+0.0% YoY
Effective rate
0.76%
On assessed value
Assessed land
$903,200
Assessed improvement
$3,944,400
Land market value
$1,299,568
Improvement market value
$5,675,396
Total market value
$6,974,964
Applied tax rate
472,405.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1994
Heating
NONE
Cooling
CENTRAL
Buildings
2
Total area
3,128 SF
Lot
0.26 ac (11,326 SF)
Zoning code
VILLA
APN
0903-002.00-02.00-020.000
UPID
US63-0468687
Jurisdiction
SUFFOLK
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
VILLA · Sag Harbor, NY
Zoning VILLA · permitted uses
VILLA · Sag Harbor, NY
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sag Harbor. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1994
Heating
NONE
Cooling
Yes
Buildings
2
Lot
0.26 ac
Current owner
From public records · entity-resolved
Happy On Main LLC
Entity
Free & Clear · 8 yrs held
Mailing address
CO DAVID MAYER IS BLVD APT FL, FL
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
—
Happy On Main LLC
—
Deed
related
$2,000,000 · Connectone Bank
Aug 20, 2018
—
Happy On Main LLC
—
Deed
related
$3,900,000 · Connectone Bk
Apr 23, 2018
$6,100,000
Happy On Main LLC
Myasha LLC
Grant Deed
—
Apr 23, 2018
—
Myasha LLC
Sag Four LLC
Grant Deed
related
—
Oct 22, 2013
$2,125,000
Sag Four LLC
Demar Holdings LLC
Grant Deed
$1,500,000 · Bridgehampton National Bank
—
—
Happy On Main LLC
—
Deed Of Trust
related
$3,900,000 · Connectone Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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