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    OFF-MARKET
    Investment properties

    23 Brg St, Sag Harbor, NY 11963-3023

    2,058 SF 0.29 ac lot Built 1992
    Entity Owned 4-yr Hold ~ Est. High Equity
    Property ID
    US63-0142545
    Property summary
    AI-generated overview

    This exceptional Sag Harbor commercial property, located at 23 Bridge Street, offers a unique investment opportunity. The 0.29-acre lot features three buildings totaling 3,000 square feet, currently used as a fitness studio and office spaces. The main structure, a 2,000 square foot building, is ideally suited for conversion into a quick-service restaurant, with existing space for 16 indoor seats and access to an outdoor patio. A second-floor area could be utilized as an apartment or office. Two additional cottages, one residential (600 sq ft) and one retail/office (400 sq ft), provide further versatility. The property benefits from a private parking lot and a central courtyard connecting all buildings. Its prime corner location, situated between main village parking lots and adjacent to a proposed condo development, promises significant future appreciation. Permitted uses include professional offices, personal services, single-family homes, apartments, bed-and-breakfasts, workshops, grocery stores, retail stores, taverns, fast food establishments, fitness centers, daycares, and outdoor dining. The property's zoning is Office District. Built in 2003, the property consists of two stories across three buildings with four units. This presents a compelling opportunity for a savvy investor seeking a high-return property in a thriving Hamptons location.

    Property profile
    Verified
    Property type Investment properties
    Use group OFFICE/RESIDENTIAL (MIXED USE)
    Year built 1992
    Total area 2,058 SF
    Lot 0.29 ac (12,632 SF)
    Zoning code VILLA
    APN 0903-002.00-02.00-014.001
    UPID US63-0142545
    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
    • East End Awning LLC Building Supply Hardware & Home Improvement
    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
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    Owner & transaction history
    23 Bridge Street LLC · 4 yrs held
    23 Bridge Street LLC
    since 2021
    7 recorded transactions
    2021
    2017
    $2.5M
    2005
    $995,000
    2005
    $1.6M
    2002
    $600,000
    1969
    1969
    Zoning & alternative use
    VILLA · Sag Harbor, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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