12 Rose StSag Harbor, NY 11963

Property Details for 12 Rose St

Year built

2003

Lot size

0.11 AC

Property size (Sq ft)

1,755 SF

Zone code

VILLA

Property type

Investment properties

Property subtype

Live-work space

APN

0903-002.00-02.00-015.001

APU

903002000200015001

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.

• CAP approach

  CAP return

  Valuation

  6%

  $367,641

  6.5%

  $339,360

  7%

  $315,120

• Comparable approach

  Method

  Valuation

  Relative Method

  $233,894

  Geo Method

  $233,894

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $655,402

  Retail / Commercial

  $338,593

  Hospitality / Lodging

  $251,549

  Office

  $339,401

  Institutional / Educational

  $353,504

  Residential Income

  $413,600

  Multifamily

  $485,102

  Automotive / Energy

  $303,003

  Parking / Income-Based Land

  $102,612

  Restaurant / Food Service

  $180,718

  Healthcare / Senior Housing

  $345,983

Location Insight

City

Sag Harbor

County

Suffolk

State

New York

Latitude

41.0005

Longitude

-72.2968

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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