Courtesy: Century 21 New West
518-943-2620
Situated in the highly desirable hamlet of Round Top within the Town of Cairo, this 16-unit multifamily property presents a rare opportunity to acquire a well-positioned asset with significant upside potential. The property consists of two residential buildings offering a diverse mix of studio, one-bedroom, and two-bedroom apartments, providing broad tenant appeal and stable occupancy potential. Current ownership has invested extensively in the asset over the past five years, completing a comprehensive capital improvement program that has substantially reduced deferred maintenance and laid the foundation for future income growth. Major upgrades include a reconstructed water system, electrical improvements, new roofing, parking and drainage enhancements, professional landscaping, exterior repairs, and a renovated on-site laundry facility. Other improvements include a brand new septic system designed by engineering firm Kaaterskill Associates. Numerous apartment interiors have also been modernized with updated flooring, kitchens, bathrooms, appliances, fixtures, water heaters, and other unit-specific improvements, positioning the property to compete more effectively within the local rental market. The property's most compelling feature is its substantial value-add potential. Several units remain leased below projected market rents, creating a clear path to increased cash flow through strategic rent optimization. The property is projected to achieve an approximate 9 cap rate upon stabilization at market rents. Additional revenue is generated through the on-site laundry facility, further enhancing investment returns. The 6-unit building currently operates with landlord-paid utilities, while the 10-unit building benefits from tenant-paid electric and electric heat, offering a favorable utility structure and opportunities for continued operational efficiencies. Qualified buyers will have access to a complete due diligence package, including rent rolls, operating statements, projected market rents, and a detailed capital improvement history. Offering immediate scale, extensive completed capital improvements, and meaningful income growth potential, this is an exceptional opportunity to acquire a turnkey multifamily asset in one of the Catskills' most sought-after destinations.
Courtesy: Win Morrison Realty-K
845-339-9999
The Historic Bavarian Manor -- A Remarkable Catskills Four-Season Destination Well known as the Bavarian Manor since 1931, this historic mid-1800s Victorian property presents a rare opportunity to own a truly distinctive Catskills hospitality destination. Set on more than 100 acres, the property combines a historic hotel, restaurant and bar, residential accommodations, additional apartment-style lodging, recreational amenities, and significant potential for future expansion. The Manor features 18 hotel rooms, each with its own private bathroom and refrigerator. Several rooms offer additional amenities including propane fireplaces and jacuzzi tubs. The fourth floor provides an opportunity for renovation and could potentially be converted into additional guest rooms or other usable space. The property is also equipped with solar panels. The property also features an established restaurant and bar, providing an important amenity for both overnight guests and the surrounding community. The bar area can accommodate approximately 36 guests, while the spacious dining room seats approximately 120. An additional 100 guests can be accommodated outdoors on the large wraparound deck, creating an exceptional setting for summer dining, events, and entertaining. Connected to the side of the Manor is a five-bedroom residence, offering convenient on-site living quarters for an owner, manager, or staff. The expansive grounds include more than 100 acres of trails and recreational land, with opportunities for hiking, snowmobiling, and cross-country skiing. A beautiful three-acre lake provides an idyllic setting for fishing, canoeing, or simply relaxing and enjoying the natural surroundings. Adding even more versatility are three chalet-style apartment buildings, formerly operated as a motel. Together, these buildings contain 16 apartments, each with views of the lake. One of the chalet buildings also offers the potential to redevelop its lower level, formerly used as a disco/nightclub, creating another opportunity for additional amenities, entertainment space, or future use. Ideally located near Hunter and Windham ski resorts, as well as golf, hiking, and other Catskills attractions, the property is positioned to attract visitors throughout all four seasons. Fall brings spectacular foliage and leaf-peeping tourism, while winter offers skiing, snowmobiling, and cross-country skiing. Spring and summer provide opportunities for hiking, fishing, canoeing, golf, outdoor dining, and enjoying the property's beautiful lake and grounds. The Bavarian Manor is much more than a historic hotel--it is a complete hospitality destination with an established name dating back nearly a century, multiple lodging components, a restaurant and bar, extensive acreage, recreational amenities, and substantial potential for expansion and redevelopment. A rare opportunity for an investor, hospitality operator, or visionary buyer to build upon an iconic Catskills property and create an exceptional four-season destination.
Courtesy: Weichert REALTORS
845-336-2633
Exceptional opportunity to own a historic lodge property in the Catskills, formerly operated as the well-known Woodlands Lodge. Situated on approximately 2.4 acres in desirable Round Top, New York, this expansive property offers incredible potential for a bed & breakfast, boutique inn, wedding venue, retreat center, or private estate. The main residence features multiple levels of bedrooms and baths, showcasing original character throughout, including beautiful woodwork, pocket doors, and a grand staircase in the impressive entry foyer. The first floor offers a spacious prep kitchen with pantry and office area, bar room, double parlor, large sun-filled dining room, and an additional sitting room created from enclosed porch space. A rear staircase and separate exterior entrance provide convenient access to guest accommodations. The second floor includes five bedrooms and six bathrooms, while the third floor offers seven additional bedrooms with sinks and two full baths. A rear addition provides four more bedrooms with baths, creating substantial capacity for guests or extended living arrangements. Additional features include a laundry area and staff quarters off the kitchen. The Property is being sold As-Is and Cash offer preferred because of low asking price. The back cottage is gutted and is approximately 1024 square feet. The property is ideally located near popular ski resorts, golf courses, hiking trails, and outdoor recreation, with convenient access to the New York State Thruway, making travel from the New York City metro area easy. With vision and renovation, this property presents tremendous potential to restore it to an active hospitality destination or create a one-of-a-kind private compound. The property has been successfully subdivided, and taxes will be based on the 2.4-acre parcel. Most furnishings and contents associated with former lodge operations are included in the sale, with limited personal exclusions
Purling is located in New York. Purling, New York has a population of 391. Purling is more family-centric than the surrounding county with 48.75% of the households containing married families with children. The county average for households married with children is 26.95%.
The median household income in Purling, New York is $73,036. The median household income for the surrounding county is $62,810 compared to the national median of $69,021. The median age of people living in Purling is 44.2 years.
The average high temperature in July is 81.7 degrees, with an average low temperature in January of 12.5 degrees. The average rainfall is approximately 44.8 inches per year, with 47.6 inches of snow per year.
