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    288-292 Main St Pine Hill, NY 12465

    Sponsored
    For Sale
    Pending
    $675,000

    MULTI_FAMILY - Pine Hill, NY

    Property size:
    10,130 SF
    Lot size:
    1.87 Acres
    Days on Market:
    20
    Last Refresh:
    Jan 28 at 7:06 am

    Property Features for 288-292 Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    COM 1
    Rooms
    Bedroom 6, Bedroom 2, Bedroom 11, Bedroom 4, Basement, Bedroom 14, Bedroom 9, Bedroom 7, Bedroom 5, Bedroom 15, Bedroom 13, Bedroom 12, Bedroom 8, Bedroom 1, Bedroom 3, Bedroom 10
    Bedrooms
    15
    APN
    4.46-2-34.100
    Exterior features
    Fire Pit, Private Yard
    Fireplace
    1
    Basement
    Unfinished
    Size
    10,130 SF
    Lot size
    1.87 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1882
    Floors in Building
    3
    Number of units
    18

    We can help!

    Listing Contact
    Laura Warren

    Coldwell Banker Village Green Realty

    Listing agent Laura Warren (646) 203-9437

    Listing date Jan 9, 2026

    MLS# 20253059 Listing URL

    Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Historic Inn Ready for Revival

    Located in the heart of Pine Hill, NY, this historic inn, known as the Pine Hill Arms, presents a revival opportunity. Constructed in 1882, the property spans nearly 2 acres and features a 15-bedroom inn with a full-service restaurant, bar, and cafe. The building has an interior area of over 10,000 square feet, including a lobby, commercial kitchen, offices, a games room, and flexible gathering and event spaces. Additional structures include a two-car garage, a separate two-bedroom apartment with its own entrance, and a three-bedroom carriage house. The property is connected to municipal water and sewer, has a liquor license, and provides off-street parking for approximately 30 vehicles. The zoning supports various commercial and hospitality uses. The gardens border Birch Creek, offering a natural backdrop suitable for hosting events. Significant renovation or redevelopment is needed. The property is located directly on Main Street, with access to the rail trail linking to Belleayre Beach and Highmount. Commercial developments are underway or planned, including a new food market, four retail storefronts, and expanded municipal parking. Belleayre Mountain is located nearby. The property may qualify for historic tax credits, state incentives, or local grant programs. The property is suited for restaurant, retail, and hospitality purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Restaurant Realty agency Law Firm Gym & Fitness Department Store Grocery Store Bar & Pub Convenience Store Pawn Shop Catering Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pine Hill
    County
    Ulster
    State
    New York
    Longitude
    -74.478699
    Latitude
    42.132774

    Nearby Similar for Sale

    • $675,000
      Pending

      Historic Inn Ready for Revival

      Historic 15-bedroom inn with restaurant, bar, and cafe.
      288-292 Main St, Pine Hill, NY 12465
      View Details
    • $675,000
      Pending

      Historic Inn Ready for Revival

      Historic 15-bedroom inn with restaurant, bar, and cafe.
      288-292 Main St, Pine Hill, NY 12465
      View Details
    • $779,000

      State Route 28 Property

      Property located on State Route 28 available for sale.
      8643 State Route 28, Pine Hill, NY 12410
      View Details

    FAQs

    What type of property is this?
    Hotel - Historic 15-bedroom inn with restaurant, bar, and cafe.
    Where is this hotel located?
    The property is located at 288-292 Main St Pine Hill, NY.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: - Historic 15-bedroom inn with full-service restaurant, bar, and cafe, a rare opportunity for revival in the heart of Pine Hill.; - Prime Main Street location with walkable access to the rail trail linking to Belleayre Beach and Highmount.; - Significant potential for event-based hospitality with picturesque rear gardens bordering Birch Creek.
    (646) 203-9437
    Request Owner's contact information
    288-292 Main St Pine Hill, NY 12465
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    Pine Hill, NY 12465
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    288-292 Main St Pine Hill, NY 12465
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    We can help!
    Listing Contact
    Laura Warren
    (646) 203-9437
    Learn more
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