Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Former Ski Area with Apartments Title is generated by Realmo AI

    3412 Route 52, Stormville, NY 12582

    View on Map
    Claim this Listing
    For Sale
    $2,950,000

    MULTI_FAMILY - Stormville, NY

    Lot size:
    88.00 Acres
    Added:
    Dec 9, 2025
    Days on Market:
    151
    Last Refresh:
    May 9 at 10:06 am

    Property Features for 3412 Route 52

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    9
    Bathrooms
    5
    Rooms
    Basement, Bedroom 3, Bedroom 5, Bedroom 9, Bathroom 1, Bedroom 4, Bedroom 8, Bedroom 6, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 2, Bedroom 7, Bathroom 2, Bedroom 1
    Interior features
    First Floor Bedroom, First Floor Full Bath, Cathedral Ceiling(s), Granite Counters, Kitchen Island, Storage, Walk-In Closet(s), Washer/Dryer Hookup
    Fireplace
    1
    Basement
    Crawl Space
    Standard status
    Active
    APN
    132800-6656-00-365340-0000
    Lot size
    88.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    20551

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Wood, Oil, Baseboard, Electric (Heating)
    Cooling system
    Window Unit(s), Wall/Window Unit(s), Varies by Unit
    Water source
    Well

    Building Details

    Year built
    1950
    Number of units
    4
    Building materials
    Frame
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Christopher D. Galli

    Listing agent Christopher D. Galli

    Listing office Ginnel Real Estate 493 Bedford Center Rd, Bedford Hills, NY

    Listing date Dec 9, 2025

    MLS# 937827 Listing URL

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

    HighLights

    • 88 acres with 180‑degree panoramic views from the mountaintop.
    • Former Mount Storm Ski area site, offering a unique piece of local history.
    • Main building includes three 3‑bedroom apartments, a studio office, and a basement with historical ski equipment.
    • Located in an agricultural district with farm use and residential zoning, allowing for potential subdivision and future home sites.
    • Includes an open pole barn providing ample storage space.
    • Features multiple heating and cooling options.

    Overview

    This 88-acre property, formerly the Mount Storm Ski area, features panoramic views and a rich history. It comprises five parcels and includes a main building with three 3-bedroom apartments, a studio office, and a basement. The basement contains original skis, boots, and poles from the 1980s. An open pole barn provides ample storage space. Located in an agricultural district with farm use zoning and residential zoning, the property offers potential for subdivision and future home sites. The property includes a second entrance at 3384 Route 52. This property offers possibilities for development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Aviation real estate

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Kitchen & Bath Showroom Food Market Electrical Service Bed & Breakfast Restaurant Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Stormville
    County
    Dutchess
    State
    New York
    Longitude
    -73.735413
    Latitude
    41.54501

    FAQs

    What type of property is this?
    Aviation real estate - 88-acre property with apartments and historical significance in Stormville.
    Where is this aviation real estate located?
    The property is located at 3412 Route 52 Stormville, NY.
    What is the asking price?
    The asking price for this property is $2,950,000.
    What are key features of this property?
    This property features: 88 acres with **180‑degree panoramic views from the mountaintop.**; Former Mount Storm Ski area site, offering a unique piece of local history.; Main building includes three 3‑bedroom apartments, a studio office, and a basement with historical ski equipment.
    (914) 688-5991
    We can help!
    Listing Contact
    Christopher D. Galli
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3412 Route 52, Stormville, NY 12582
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!