2 Sunset Rd · North Haven, NY 11963

$2,095,000

3 bd · 2.0 ba · 2,430 sqft · SingleFamily public records · 220 Days on market

Built 2000 1.18 ac lot $862/sqft · 18% below area Est $2102k · at est.

---

Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +23.6/30.0
• Appreciation +9.6/10.0
• ARV discount +7.7/15.0
• DSCR +7.6/10.0
• 1% rule +6.1/10.0
• Schools +5.6/10.0
• Rent growth +5.0/5.0
• Livability +3.0/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

This thoughtfully designed 2,000 SF+/- home sits on a 1.17 acres +/- in Sag Harbor’s North Haven, just minutes from the village and ferry, with private bay beach access and mooring rights. The residence offers 3 bedrooms, 2 full bathrooms, and spacious living areas with 12' ceilings, custom millwork, and quality finishes. The home features natural light throughout, highlighting the hardwood floors and granite countertops. The open living spaces are complemented by a wood-burning fireplace, high-end Bosch appliances, and elegant lighting. Spanning 2,000 SF+/-, the first level includes an inviting entry foyer, leading into a spacious living room featuring a skylight, fireplace, and double French doors opening to the exterior patio. The dining room offers direct access to both the kitchen and living room. The gourmet kitchen is equipped with a large center island, bar seating for 3+ guests, 2 closets, and a pantry. Two guest bedrooms share a full bathroom. Additional amenities include a laundry room, 2-car garage, office, and lower-level with over 1,500 SF+/-. The expansive primary bedroom provides direct access to the patio and is complemented by a luxurious bathroom with a skylight, jacuzzi tub, walk-in shower, water closet, and a generous walk-in closet. The outdoor space offers a peaceful retreat. At the center is an 18' x 32' vinyl pool, surrounded by a patio and multiple seating areas ideal for both relaxing afternoons and lively gatherings. Enjoy evenings by the firepit or dine al fresco. The exterior is finished with a bluestone gravel driveway, an irrigation system, and a front porch, all enhancing the home's inviting atmosphere. With its unrivaled location, unparalleled design, and boundless potential, 2 Sunset Road offers a rare opportunity to acquire a true Sag Harbor retreat.

Key facts

• Mooring rights
• Granite countertops
• Hardwood floors

Tags

• PRIVATE BAY BEACH ACCESS
• MOORING RIGHTS
• HARDWOOD FLOORS
• GRANITE COUNTERTOPS
• WOOD BURNING FIREPLACE
• HIGH END BOSCH APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $2.10M.

Deal economics

• At list price, monthly cash flow is $4k ($47k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($23k rent vs $2.10M).
• Recommended offer: $1.84M (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 60/100 on livability (#978 in NY) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+; Watch: amenities F, commute D-, cost of living F.
• Sag Harbor Union Free School District (suburban): math 54% / reading 70% proficiency, ranked #175 of 590 in NY (top 30%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 8% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+10.8%/yr); 65 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 1,366 units permitted in Suffolk County in 2024 (216 in 5+ unit buildings).
• At $23,322/mo this rent would consume 219% of the median local household income ($128k/yr) (locally 95% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $207k of equity ($14k loan paydown + $192k appreciation (9.2% local appreciation)).
• Suffolk County population projected to shrink 5% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (9.2% appreciation + 8.0% rent growth), your $587k cash investment doubles in ~3 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$332k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 220 days — a 12% lower offer ($1.84M) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 2y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $84k; list at $2.10M implies a 2394% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: major flood risk; severe wind risk, 80% chance of damaging wind over 30y; extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,843,600 (12.0% below list)

Questions for the listing agent

1. It's been on market 220 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
5. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
6. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.11% ✓
• Cap rate: 8.55%
• Cash-on-cash: 8.07%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

• ARV (median comp): $2,102,109
• List price: $2,095,000
• Delta: -0.34%
• Verdict: FAIR
• Comps: 7 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
10 Maunakea St	0.32mi	4/2.5 (+1)	2,128 (-12%)	8mo	$2,500,000	$1,175	51

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

9.19% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 30.8%
• Equity multiple: 3.39×
• Total profit: $1,400,323
• Equity at exit: $1,764,367

10-year hold

• IRR: 28.7%
• Equity multiple: 8.17×
• Total profit: $4,206,973
• Equity at exit: $3,681,238

Cash invested: $586,600 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 15 Strongly Tenant-Friendly
• State New York: 15 Strongly Tenant-Friendly · D+10
• County: — inherits STATE
• City: — inherits STATE

NYC rent stabilization (~1M units); 2019 HSTPA strengthened tenant rights; courts deeply backlogged.

Methodology + full state rankings →

ZIP-level market 11963

• Home prices YoY: 1.9%
• Rents YoY: 10.8%
• Active inventory: 65
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $23,322 medium
• Mortgage (P&I): −$10,986
• Tax est. 1.5%: −$2,619 /mo · $31,425/yr
• Insurance: −$873
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,898
• Net cashflow: $3,946

Break-even live

Break-even rent $18,327

Max offer price $2,095,000

Occupancy floor 78%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $523,750
• Closing costs: $62,850
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
91 Sunset Beach Rd Sag Harbor, NY	4.0	3.0	2456	$25,000	$10.18	1d	1	0.38mi
16 Payne Ave Sag Harbor, NY	3.0	3.0	1800	$25,000	$13.89	44d	1	0.39mi
68 W Water St Sag Harbor, NY	3.0	2.0	1740	$40,000	$22.99	43d	1	1.33mi

Listing history 5 events

1. 2026-05-19
   status Pending 1823-char remark

   Show marketing remark (1823 chars)

   This thoughtfully designed 2,000 SF+/- home sits on a 1.17 acres +/- in Sag Harbor’s North Haven, just minutes from the village and ferry, with private bay beach access and mooring rights. The residence offers 3 bedrooms, 2 full bathrooms, and spacious living areas with 12' ceilings, custom millwork, and quality finishes. The home features natural light throughout, highlighting the hardwood floors and granite countertops. The open living spaces are complemented by a wood-burning fireplace, high-end Bosch appliances, and elegant lighting. Spanning 2,000 SF+/-, the first level includes an inviting entry foyer, leading into a spacious living room featuring a skylight, fireplace, and double French doors opening to the exterior patio. The dining room offers direct access to both the kitchen and living room. The gourmet kitchen is equipped with a large center island, bar seating for 3+ guests, 2 closets, and a pantry. Two guest bedrooms share a full bathroom. Additional amenities include a laundry room, 2-car garage, office, and lower-level with over 1,500 SF+/-. The expansive primary bedroom provides direct access to the patio and is complemented by a luxurious bathroom with a skylight, jacuzzi tub, walk-in shower, water closet, and a generous walk-in closet. The outdoor space offers a peaceful retreat. At the center is an 18' x 32' vinyl pool, surrounded by a patio and multiple seating areas ideal for both relaxing afternoons and lively gatherings. Enjoy evenings by the firepit or dine al fresco. The exterior is finished with a bluestone gravel driveway, an irrigation system, and a front porch, all enhancing the home's inviting atmosphere. With its unrivaled location, unparalleled design, and boundless potential, 2 Sunset Road offers a rare opportunity to acquire a true Sag Harbor retreat.

2. 2026-02-01
   price $2,095,000 1823-char remark

   Show marketing remark (1823 chars)

   This thoughtfully designed 2,000 SF+/- home sits on a 1.17 acres +/- in Sag Harbor’s North Haven, just minutes from the village and ferry, with private bay beach access and mooring rights. The residence offers 3 bedrooms, 2 full bathrooms, and spacious living areas with 12' ceilings, custom millwork, and quality finishes. The home features natural light throughout, highlighting the hardwood floors and granite countertops. The open living spaces are complemented by a wood-burning fireplace, high-end Bosch appliances, and elegant lighting. Spanning 2,000 SF+/-, the first level includes an inviting entry foyer, leading into a spacious living room featuring a skylight, fireplace, and double French doors opening to the exterior patio. The dining room offers direct access to both the kitchen and living room. The gourmet kitchen is equipped with a large center island, bar seating for 3+ guests, 2 closets, and a pantry. Two guest bedrooms share a full bathroom. Additional amenities include a laundry room, 2-car garage, office, and lower-level with over 1,500 SF+/-. The expansive primary bedroom provides direct access to the patio and is complemented by a luxurious bathroom with a skylight, jacuzzi tub, walk-in shower, water closet, and a generous walk-in closet. The outdoor space offers a peaceful retreat. At the center is an 18' x 32' vinyl pool, surrounded by a patio and multiple seating areas ideal for both relaxing afternoons and lively gatherings. Enjoy evenings by the firepit or dine al fresco. The exterior is finished with a bluestone gravel driveway, an irrigation system, and a front porch, all enhancing the home's inviting atmosphere. With its unrivaled location, unparalleled design, and boundless potential, 2 Sunset Road offers a rare opportunity to acquire a true Sag Harbor retreat.

3. 2025-10-10
   listed $2,195,000 Active 1823-char remark

   Show marketing remark (1823 chars)

   This thoughtfully designed 2,000 SF+/- home sits on a 1.17 acres +/- in Sag Harbor’s North Haven, just minutes from the village and ferry, with private bay beach access and mooring rights. The residence offers 3 bedrooms, 2 full bathrooms, and spacious living areas with 12' ceilings, custom millwork, and quality finishes. The home features natural light throughout, highlighting the hardwood floors and granite countertops. The open living spaces are complemented by a wood-burning fireplace, high-end Bosch appliances, and elegant lighting. Spanning 2,000 SF+/-, the first level includes an inviting entry foyer, leading into a spacious living room featuring a skylight, fireplace, and double French doors opening to the exterior patio. The dining room offers direct access to both the kitchen and living room. The gourmet kitchen is equipped with a large center island, bar seating for 3+ guests, 2 closets, and a pantry. Two guest bedrooms share a full bathroom. Additional amenities include a laundry room, 2-car garage, office, and lower-level with over 1,500 SF+/-. The expansive primary bedroom provides direct access to the patio and is complemented by a luxurious bathroom with a skylight, jacuzzi tub, walk-in shower, water closet, and a generous walk-in closet. The outdoor space offers a peaceful retreat. At the center is an 18' x 32' vinyl pool, surrounded by a patio and multiple seating areas ideal for both relaxing afternoons and lively gatherings. Enjoy evenings by the firepit or dine al fresco. The exterior is finished with a bluestone gravel driveway, an irrigation system, and a front porch, all enhancing the home's inviting atmosphere. With its unrivaled location, unparalleled design, and boundless potential, 2 Sunset Road offers a rare opportunity to acquire a true Sag Harbor retreat.

4. 2024-08-02
   listed $3,299,999 Active
5. 1999-01-14
   soldstatus $84,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 6/10 Major FEMA zone X (shaded) · 57% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥90°F today · 19 d/yr by 30 yrs out
• 💨 Wind 8/10 Severe 80% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $279,860
• − Mortgage interest: −$117,353
• − Property taxes: −$31,425
• − Insurance: −$10,475
• − Repairs & maintenance: −$22,389
• − Management: −$22,389
• − Depreciation: −$60,945
• Taxable income: $14,884
• Est. tax owed @ 24.0%: −$3,572
• After-tax cash flow: $43,780/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Sag Harbor Union Free School District
• NCES district ID: 3625380
• Math proficiency: 54% ▼ -13.00%
• Reading proficiency: 70% ▲ 7.00%
• Median HH income: $81,547
• Composite: 55.69/100
• National rank: #1222
• State rank: #175 of 590 in NY

Livability — North Haven

• Score: 60/100
• State rank: #978
• US rank: #19137

Category grades

Amenities F Commute D- Cost of living F Crime A+ Employment A+ Housing B- Health & safety F User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: North Haven, NY
• County: Suffolk County · 679,920 people
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• Population (ZIP): 8,390
• Household income: $127,746
• Rent vs Own: 16.3% rent · 83.7% own
• Severe rent burden: 95.0

Population outlook (Suffolk County) Hauer SSP2

• Today (2025): 1,505,262 people
• By 2030: 1,498,318 · -0.5%
• By 2040: 1,471,101 · -2.3%
• By 2050: 1,424,848 · -5.3%
• By 2075: 1,337,157 · -11.2%
• By 2100: 1,217,720 · -19.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (78%)
• Race & ethnicity: White 78% Hispanic / Latino 13% Two or more races 11% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Scotch-Irish 4% Romanian 3% Italian 2%
• Foreign-born: 13% · Canada, China, Jamaica
• Languages at home: 81% English-only · Spanish 9% Other Indo-European 5% French/Haitian/Cajun 2%

Political lean MEDSL · Suffolk

• 2024 margin: Lean R (+10.0) · D 45.0% · R 55.0%
• 2008→2024 swing: -16.0pp toward R · 2008: 6.0pp · 2024: -10.0pp
• All cycles: 2024: R+10.0 2020: R+0.0 2016: R+8.2 2012: D+2.9 2008: D+6.0

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 9.19%
• Current HPI: 499.3304
• Rent YoY: ▲ 10.76%
• Metro: New York-Newark-Jersey City, NY-NJ-PA
• State GDP YoY: ▲ 2.60%
• F500 in state: 92

Industry mix (Fortune 500 HQ in NY)

Industry	F500 HQs	Revenue
▸Financial Services	10	$950B
▸Consumer Goods	9	$162B
▸Insurance	4	$225B
▸Telecommunications	2	$144B
▸Pharmaceuticals	2	$112B
▸Media / Entertainment	2	$69B

Price history

+2394.0% since first listed

5 events — show timeline

• 2026-05-19 Pending — OneKey® MLS as Distributed by MLS Grid
• 2026-02-01 Price Changed $2,095,000 OneKey® MLS as Distributed by MLS Grid
• 2025-10-10 Listed $2,195,000 OneKey® MLS as Distributed by MLS Grid
• 2024-08-02 Listed $3,299,999 OneKey® MLS as Distributed by MLS Grid
• 1999-01-14 Sold (Public Records) $84,000 Public Records

Property tax history

-10.8%/yr

Latest (2025): $726 · +6.8% YoY. Source: county tax records.