216 NY-385 - Residential Income FOR SALE


Catskill, NY 12414
$6,650,000 USD
845-338-5832
216 NY-385, Catskill, NY for Sale
$6,650,000 USD
Residential Income - FOR SALE
1/36
null | 4.93% Cap Rate

216 NY-385
Catskill, NY 12414


HIGHLIGHTS

  • Hudson River beach access with 1,500 Hudson River frontage, with stunning views of the Hudson River
  • Close to Village of Catskill, short drive to Husdson, NY and Amtrak

OVERVIEW

River House is a rarely available, Hudson River-front estate that lies on 48+ breathtaking acres directly on the Hudson River in Catskill. Currently used as an incredible, income-producing event space and rental property, River House was designed with privacy in mind. The long, private drive winds through mature trees to this expansive, 7,800+/- square foot, 11-bedroom, 7.5-bath retreat, where historic character and expansive indoor-outdoor spaces create the perfect, serene setting that is truly away from it all. Inside, the home feels historic, soulful, and full of character with sunlight pouring through towering arched windows that highlight the antique wood floors and historic details. River House has a long history of an income-producing Hudson River estate with institutional pedigree and a rare, build-out opportunity. As an hospitality space, it creates wonderful optionality offering multiple areas to celebrate, entertain, take in incredible vistas and use the River. The property gently slopes down to the approximately 1,500 linear feet of accessible, Hudson River frontage, where one can launch kayaks or add a floating dock (with approval), fish, jet ski or swim. Set in Catskill, NY, this estate places you close to the best of the Hudson Valley---riverfront scenery, charming nearby towns, hiking, antique shops, art galleries, incredible farm-to-table dining, and seasonal adventures. Local Attractions include charming, downtown Catskill, the vibrant town of Hudson, Olana State Historic Site, Thomas Cole National Historic Site, Hudson Amtrak Station all within 15 minutes from the property. The Catskill Mountains with its hiking trails & ski areas are within 30 minutes. Currently a successful short-term rental property, River House works well as a great investment property or can be updated to create an extraordinary, generational family compound.

FOR SALE DETAILS

PRICE

$6,650,000 USD

PRICE/SF

$947 USD /SF

CAP RATE

4.93%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River House

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Hotel

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

48.54 AC

LAND SF

2,114,402 SF

ZONING

RES

APN/PARCEL ID

139.000-3-19

ASK ABOUT THIS PROPERTY

Jason KaradusCorcoran Country LivingMore Info
845-338-5832

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Jason KaradusCorcoran Country LivingMore Info
845-338-5832

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.