WATERFRONT HUDSON VALLEY INVESTMENT & 1031 EXCHANGE OPPORTUNITY 101–113 Glenerie Blvd, Saugerties, NY 12477 Offered at $1,595,000 Rare opportunity to acquire a substantial waterfront investment property in the highly desirable Hudson Valley market. This unique compound consists of 10 cottages situated on approximately 1,200 feet of waterfront frontage, complete with a private boat launch and significant value-add potential. Existing Income & Immediate Upside * 10 total cottages * 6 cottages currently rented and generating income * 1 cottage under renovation with anticipated completion by July 15 * 3 cottages in disrepair, creating substantial redevelopment opportunity * Current annual rental income at full turnover is approximately $168,000 per year * Potential gross rental income exceeding $240,000 annually upon stabilization, renovation, and redevelopment Exceptional Value-Add Opportunity The property presents multiple paths to increased value: Option 1 – Renovate & Operate Transform the compound into a high-performing waterfront rental portfolio featuring long-term rentals, short-term vacation rentals, or seasonal cottages. Option 2 – Rebuild Three Waterfront Cottages Replace the three existing distressed cottages with newly constructed waterfront units, significantly increasing rental income, asset value, and overall market appeal. Option 3 – Boutique Hospitality Retreat Create a unique waterfront resort, cottage retreat, or destination lodging property catering to the growing Hudson Valley tourism market. Development Potential Current zoning is reported to allow subdivision into as many as six individual waterfront lots, offering a compelling long-term development strategy. A developer could potentially: * Redevelop the entire site * Create six premium waterfront building lots * Construct new luxury waterfront homes Comparable waterfront homes in the region can command values exceeding $1 million per residence, creating substantial upside for investors and developers. Property Highlights * Approximately 1,200 feet of waterfront frontage * Private boat launch * Current annual rental income of approximately $168,000 * Existing cash flow with upside potential * Significant redevelopment opportunity * Rebuild opportunities for three waterfront cottages * Potential gross rents exceeding $240,000 annually * Potential six-lot subdivision opportunity * Minutes from downtown Saugerties and Woodstock * Convenient access to skiing, hiking, boating, restaurants, and the NYS Thruway Ideal 1031 Exchange Acquisition This property is well-suited for investors seeking a replacement asset for a 1031 exchange, offering a combination of existing income, immediate value-add opportunities, redevelopment potential, and long-term appreciation in one of the Hudson Valley’s most desirable waterfront locations. With current rental income of approximately $168,000 annually, projected income exceeding $240,000 annually, and the potential to create six waterfront home sites, this property offers multiple avenues for both cash flow and appreciation. Properties offering this combination of waterfront frontage, existing income, redevelopment flexibility, and subdivision potential rarely come to market. Serious inquiries only. Financial information, rent rolls, and private showings available upon request.