The subject property, located at 261 Bullville Road, Crawford, NY, is identified on the Crawford tax maps as Section 20 Block 1 Lot 3.222. The site is made up of 129 acres and is currently improved with a horse training and boarding facility. The subject includes a 1/2 mile standardbred training track and equestrian related structures totaling 87,167 square feet. The on-site improvements include 9 stables that reportedly contain a total of 255 stalls, an exercise pavilion, swimming pond, viewing office, various supporting barn/ garage structures, run-in sheds, an equine veterinary building, blacksmith building, and several multi-family dwellings. The structures were built at various times between 1890-2009 and are considered to be in satisfactory physical condition; however, for comparison purposes it is considered to be “average” relative to recent transactions and other horse farm properties within the competitive market area.