33 Cuomos Cv - Hospitality FOR SALE


Windham, NY 12496
$2,499,999 USD
516-993-6919
33 Cuomos Cv, Windham, NY for Sale
$2,499,999 USD
Hospitality - FOR SALE
1/16
null | 9% Cap Rate

33 Cuomos Cv
Windham, NY 12496


HIGHLIGHTS

  • 5100 sf over 5 units
  • 8 bedrooms, 7 Bathrooms
  • Units fully furnished

OVERVIEW

Property Overview Rare opportunity to acquire a fully renovated, income-producing luxury short-term rental property in the heart of the Catskill Mountains. Located at 33 Cuomos Cove Road in Windham, New York, this five-unit boutique property sits on 2.7 acres in Greene County and delivers proven, institutional-quality cash flow in one of the Northeast’s premier four-season resort markets. The building underwent a complete gut renovation in 2023, transforming it into a modern, design-forward hospitality asset with premium finishes throughout. Each of the five distinctively named suites—the Jefferson, Hamilton, Washington, Franklin, and Madison—offers a curated guest experience that commands top-of-market nightly rates and drives repeat bookings year-round. All the units in the building can also be connected via an internal hallway, currently used by staff, to create a single massive chalet for group bookings or family compound. Financial Highlights The property generates approximately $335,000 in gross annual revenue with roughly $110,000 in total operating expenses, producing a net operating income of approximately $225,000. With a proven operating history and strong demand fundamentals driven by proximity to Windham Mountain Resort, this asset offers an attractive yield profile for investors seeking passive, cash-flowing hospitality real estate. Unit Mix & Configuration The property comprises five individually appointed suites totaling 5,100 square feet across two stories, offering a diversified unit mix that captures demand across multiple guest segments: The Franklin — 2 Bedrooms / 2 Bathrooms | Full Kitchen | Private Deck with Hot Tub The Washington — 2 Bedrooms / 2 Bathrooms | Private Deck with Hot Tub The Jefferson — 1 Bedroom / 1 Bathroom | Full Kitchen | Private Deck with Hot Tub The Madison — 1 Bedroom / 1 Bathroom | Full Kitchen | Private Deck with Hot Tub The Hamilton — Studio | 2 full beds Four of the five suites feature full kitchens and private decks with hot tubs, delivering the elevated amenity package that today’s short-term rental guests demand and are willing to pay a premium for. Property & Location Highlights Built in 1986 and completely gut-renovated in 2023, the property benefits from modern mechanical systems, updated plumbing and electrical, and contemporary interior finishes while maintaining the architectural character that guests seek in a mountain retreat. The 2.7-acre parcel provides ample privacy and a serene natural setting, with mature landscaping framing the property. Windham, New York is a premier four-season destination located less than 2.5 hours from New York City, offering direct access to Windham Mountain Resort for skiing, mountain biking, and year-round recreation. The region has experienced significant growth in short-term rental demand, driven by the post-pandemic shift toward experiential travel and nature-based getaways. Greene County’s tourism economy continues to expand, creating favorable tailwinds for well-positioned hospitality assets. Investment Thesis This property represents a compelling acquisition for an investor or operator seeking a stabilized, cash-flowing hospitality asset with immediate income and potential for further optimization. The 2023 gut renovation eliminates near-term capital expenditure risk, while the diversified five-unit configuration provides income resilience and operational flexibility. The property’s strong revenue performance validates its premium market positioning, and an experienced operator may identify additional upside through ancillary revenue streams not currently offered and further upgrades.

FOR SALE DETAILS

PRICE

$2,499,999 USD

PRICE/SF

$494 USD /SF

# OF ROOMS

5

PRICE/ROOM

$500,000 {currency}

CAP RATE

9%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Haüs Windham Vacation Rentals

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1986

PARKING SPACES

6

LAND DETAILS

LAND ACRES

2.71 AC

LAND SF

118,048 SF

ZONING

01 - NOT Z

APN/PARCEL ID

194600-096-000-0001-033-000-0000

ASK ABOUT THIS PROPERTY

Jordan SakniSimba Property GroupMore Info
516-993-6919

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Jordan SakniSimba Property GroupMore Info
516-993-6919

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