Building Details

Year Built 1950

Listing Agency: Malek Properties, Inc.

Listed By: Randi Moody · License #10401342082 Show Phone

Source: Amodiorealestate

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 7 at 2:04PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Malek Properties, Inc.

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Investment Insights

Based on property information with market context.

This resort property includes a main residence, existing guest lodging, and four structures included in the sale. The lodging component provides 10 rooms for rental, with Wi-Fi and air conditioning, while an additional four rooms could be made available for rent. The main house features a semi-commercial kitchen suited to preparing meals for gatherings. A fire pit, unfinished pool, and unfinished hot tub are also located on the grounds.

The property encompasses 7.62 acres and has access from two roads. It is a five-minute drive from Bethel Woods Center for the Arts in the Catskills. The improvements date to 1950 and include 7,300 square feet of property area.

Key Highlights

• 7.62‑acre resort property with access from two roads
• 10 rooms currently configured for rental, plus 4 additional rooms that could be available
• Four structures included in the sale

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$46,811

Cap Rate

6.70%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$936,220 $936.2K

Cap Rate 7%

$668,729 $668.7K

Cap Rate 9%

$520,122 $520.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,300 SF

Gross rent

$131.4K $18.00/SF

− Vacancy

−$32.9K −$4.50/SF

EGI

$98.6K $13.50/SF

− OpEx

−$51.7K −$7.09/SF

NOI

$46.8K $6.41/SF

Area

Sullivan County, NY

Vacancy

25.00%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$936,220

Cap Rate 7%

$668,729

Cap Rate 9%

$520,122

Alternative Uses

Best Use

Hotel Hospitality

$668.7K

$585.1K – $780.2K (±1% cap)

NOI $46,811 @ 7.0% cap · market cap 6.70%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.00M

$1.75M – $2.34M (±1% cap)

NOI $140,160 @ 7.0% cap · market cap 20.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Resorts

Suggested Use

Top Pick Garden Center Storage Facility Bakery Big Box & Wholesale Store Pet Grooming Service Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

22

Businesses Nearby

Explore this area Business Placement

Demographics for 12726, NY

1,168

Population

773

Households

1.5

Avg Household Size

50

Median Age

33%

College-Educated

96%

High-School Grad

33.0 sq mi

ZIP Area

35

Density / Sq Mi

$73,919

Median Household Income

$54,832

Median Earnings

$748

Median Rent

$308,300

Median Home Value

Frequently Asked Questions

What type of property is this?

Resort - Resort property combining a residence, guest lodging, and a semi-commercial kitchen across multiple structures.

Where is this resort located?

The property is located at 1166 County Road 114 Cochecton, NY.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: 7.62‑acre resort property with access from two roads; 10 rooms currently configured for rental, plus 4 additional rooms that could be available; Four structures included in the sale