6394 NY-86 - Hospitality FOR SALE


Jay, NY 12941
$3,950,000 USD
617-610-7774
6394 NY-86, Jay, NY for Sale
$3,950,000 USD
Hospitality - FOR SALE
1/42
null | 21.29% Cap Rate

6394 NY-86
Jay, NY 12941


HIGHLIGHTS

  • 619.68 acres in the Adirondack High Peaks with significant development and expansion potential
  • 25,000+ SF resort lodge with 14 suites, restaurant, bar, wellness, and event spaces
  • Demonstrated growth with 440% YoY EBITDA increase and improving operating margins
  • Diversified revenue streams including lodging, F&B, wellness, and events (55%+ of income)
  • Prime location near Whiteface Mountain and Lake Placid with strong year-round demand
  • Optional 12,000+ SF mountaintop residence available separately with panoramic High Peaks views

OVERVIEW

NewVida Preserve represents a rare opportunity to acquire a repositioned, high-growth resort asset in the Adirondack High Peaks, anchored by a fully operational lodge and approximately 619.68 acres of contiguous land. Following a recent repositioning, the property has demonstrated exceptional operating momentum, including 440% year-over-year EBITDA growth in 2025, driven by both revenue expansion and improved cost controls. During the same period, total income increased by approximately 24% while operating expenses declined by 2%, reflecting meaningful operating leverage. The offering provides a compelling entry point at $4,250,000 for the lodge and core acreage, significantly below estimated replacement cost, and well below prior aggregate valuation levels for the full assemblage. This creates an opportunity for a new owner to build upon an already improving operational foundation while implementing additional efficiencies and growth strategies. The property benefits from a diversified revenue mix, with lodging complemented by food & beverage, wellness, and events—together accounting for over 55% of total income. As additional lodging units are introduced, these existing amenities provide a built-in platform for revenue expansion without proportional increases in overhead. A preliminary expansion plan contemplates additional cabins and experiential accommodations, with the current concept representing only a portion of the overall development potential across the landholding. The scale and layout of the property offer flexibility for phased growth aligned with market demand. An additional 12,000+ SF mountaintop residence on 60 acres is available separately for $4,750,000, offering optional assemblage potential for a buyer seeking to create a flagship residential or retreat component alongside the resort. This is a highly flexible opportunity for hospitality operators, investors, or lifestyle buyers to acquire a scaled asset with demonstrated momentum and significant long-term upside in one of the Northeast’s most supply-constrained resort markets.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$186 USD /SF

# OF ROOMS

14

PRICE/ROOM

$282,143 {currency}

CAP RATE

21.29%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Adirondack Resort & Expansion Opportunity

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1991

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1000 AC

LAND SF

43,560,000 SF

ZONING

01 - NOT Z

APN/PARCEL ID

152800-027-001-0002-003-100-0000

ASK ABOUT THIS PROPERTY

Mitchell B MuroffMuroff Hospitality GroupMore Info
617-610-7774

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Mitchell B MuroffMuroff Hospitality GroupMore Info
617-610-7774

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