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1474 High Falls Rd
10,624 SF Specialty Building Offered at $1,450,000 at a 11.30% Cap Rate in Catskill, NY 12414
Investment Highlights
- All bedrooms have full baths plus fireplace.
- 5 Lower bedroom in pool room with exit doors. Sep 2BR Contemp w 2 baths. 8 Stall Morton Barn w paddock.
- Mountain veiws with clearing
Executive Summary
Please note: Financials are from Home Away rentals before Pandemic. Owners did not have web site or advertised on their own. They have retired and made some major improvents. This is offered "Turn Key"
Financial Summary (Pro forma - 2021) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2021) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,450,000 | Building Class | C |
| Price Per SF | $136 | Lot Size | 60.60 AC |
| Sale Type | Investment | Building Size | 10,624 SF |
| Cap Rate | 11.30% | No. Stories | 2 |
| Sale Conditions | Business Value Included | Year Built/Renovated | 1980/2022 |
| Property Type | Specialty | Parking Ratio | 1.88/1,000 SF |
| Property Subtype | Lodge/Meeting Hall | Corridor | Interior |
| Price | $1,450,000 |
| Price Per SF | $136 |
| Sale Type | Investment |
| Cap Rate | 11.30% |
| Sale Conditions | Business Value Included |
| Property Type | Specialty |
| Property Subtype | Lodge/Meeting Hall |
| Building Class | C |
| Lot Size | 60.60 AC |
| Building Size | 10,624 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2022 |
| Parking Ratio | 1.88/1,000 SF |
| Corridor | Interior |
About 1474 High Falls Rd , Catskill, NY 12414
This property features 50 beautiful acres with a lovely pond that creates an oasis of tranquility with four sprinklers that rise out of the water. The " Inn in the Woods" allows for horses as well. The Estate also has great hiking trails through the woods, boasts an indoor Olympic-size heated pool with new liner and dehumidifier system. There are a total of 10 bedrooms each with full bath and fireplaces. The lower area has 6 suites, around the pool, with exterior exits and the upper level an additional 4 bedrooms. There is a billiards/game room with a stunning stone fireplace. The Main kitchen is equipped with 2 stoves, 2 refrigerators and an open concept leading to the formal dining room and a bright airy spacious living area with a fireplace. The updated dining room and kitchen lead to an oversized freshly painted deck. There is also a 3 bedroom apartment on the lower level at the entrance with fireplace and full bath. Bonus, separate 3 bedroom a guest house with open beams in the living room and dining room. Also there is an 8 stall Morton barn with fenced paddock at the beginning of the property with plenty of riding and hiking trails. This is a great property for horse Equestrians especially being so close to HITS in Saugerties. There is another house next to the horse barn that needs a total rehab but will be perfect for a caretaker. Come home after a long day and relax in one of the many jacuzzi tubs or sit by one of the many fireplaces and swim in the heated pool. Play a game of pool or just sit on the huge wrap around deck by the outdoor fireplace and listen to the peaceful sounds of the water fountains in the pond. This is such an amazing property.Perfect location convenient to Hunter and Windham Ski Centers, Village of Catskill and Village of Saugerties. 15 minutes from NYS Thruway Huge wrap-around deck with hot tub overlooking ponds and perfect field for weddings. Game rooms with pool table and stone fireplace. All bedrooms have full baths plus fireplaces Virtual tour: youtu.be_/_Di_-FuR08
zoning
| Zoning Code | 08 - GOVER (Zoning allows for hotel with special use permit. Other commercial opportuniities possible with special use permit.) |
| 08 - GOVER (Zoning allows for hotel with special use permit. Other commercial opportuniities possible with special use permit.) |
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1474 High Falls Rd
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