Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lighthouse Bluff Hudson River Views Title is generated by Realmo AI

    272 River Road, Ulster Park, NY 12487

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

    41.9-acre property with Hudson River views and building site.

    Type:Land or Vacant Lot
    Lot size:
    41.90 Acres
    Added:
    Feb 6, 2024
    Days on Market:
    851
    Last Refresh:
    Apr 5 at 9:44 pm

    Property Features for 272 River Road

    General Information

    Standard status
    Active
    Lot size
    41.90 Acres
    Property subtype
    Land or Vacant Lot

    Building Details

    Year Built
    1840

    We can help!

    Listing Contact
    JOHN E QUINN

    Listing agent JOHN E QUINN

    Listing office QUINN REALTY GROUP INC

    Listing date Feb 6, 2024

    Source Corcoran

    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 QUINN REALTY GROUP INC

    HighLights

    • 41.9‑acre protected property with EXCEPTIONAL Hudson River views.
    • Overlooks the historic "Maid of the Meadows" Lighthouse.
    • Existing house can be renovated and enlarged.
    • Additional building site with views of the lighthouse available.
    • Sanctuary‑like setting providing a unique and picturesque escape.
    • Development rights are defined and controlled by contract with Scenic Hudson Land Trust, Inc.

    Overview

    This 41.9-acre property, known as "Lighthouse Bluff," offers views overlooking the Hudson River. The site includes an existing house that requires total renovation and allows for enlargement, as well as one additional building site with a view of "Maid of the Meadows," a Hudson River Lighthouse built in the 1870s. The property cannot be subdivided. Development rights are defined and controlled by a contract negotiated by the current owner and the Scenic Hudson Land Trust, Inc. Development plans are not negotiable, and further development beyond what is currently allowed is not permitted. The property is intended as a unique and picturesque setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Food Market Bed & Breakfast Restaurant Farmer's Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Ulster Park
    County
    Ulster
    State
    New York
    Longitude
    -73.9542
    Latitude
    41.8666

    Nearby Similar for Sale

    • $990,000
      14,821 SF

      Ulster Park Commercial Event Venue

      6.6-acre commercial property with 16,000 sq ft event facility.
      423 Broadway, Ulster Park, NY 12487
      View Details
    • $990,000
      14,821 SF

      Ulster Park Event Venue

      Commercial event venue with cottage on 6.6 acres.
      423 Broadway, Ulster Park, NY 12487
      View Details
    • $320,000

      27.9 Acres in Ulster Park

      Rare 27.9-acre parcel with meadows, woodlands, and mountain views.
      378 Union Center Road, Ulster Park, NY 12487
      View Details
    • $990,000
      14,821 SF

      Ulster Park Event Venue

      Commercial event venue on 6.6 acres with a cottage.
      423 Broadway, Ulster Park, NY 12487
      View Details
    • $190,000

      Ulster Park Land Parcel

      8.4-acre parcel ready for new home construction.
      224 Union Center Road, Ulster Park, NY 12487
      View Details
    • $2,495,000
      4,277 SF

      Multi-Unit Property in Ulster Park

      Recently renovated multi-unit property in the Hudson Valley.
      103 Carney Road, Ulster Park, NY 12487
      View Details
    • $449,000

      Hudson Riverfront Land Opportunity

      Nearly 6-acre hillside with 375 feet of river frontage.
      5 And 7 Riverhill Court, Ulster Park, NY 12487
      View Details
    • $199,000

      Main Street Commercial Building

      Commercial building with parking, suitable for various business ventures.
      211 S Main Street, Ulster Park, NY 12428
      View Details
    • $325,000

      27.9 Acres in Ulster Park

      Rare 27.9-acre parcel suitable for equestrian estate or organic farm.
      378 Union Center Road, Ulster Park, NY 12487
      View Details
    • $679,000
      7,675 SF

      Versatile Ulster Park Commercial Property

      Two buildings on 0.93 acres, ideal for commercial/industrial uses.
      1690 NY-213, Ulster Park, NY
      View Details
    • $375,000

      39 Acres in Ulster Park

      39-acre parcel with wooded privacy, potential home sites.
      38 Hudson Lane, Ulster Park, NY 12487
      View Details
    • $49,900

      Residential Land in Ulster Park

      Nearly 1-acre of raw land in established residential community.
      7 Ulster Avenue, Ulster Park, NY 12487
      View Details

    FAQs

    What type of property is this?
    Land - 41.9-acre property with Hudson River views and building site.
    Where is this land located?
    The property is located at 272 River Road Ulster Park, NY.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: 41.9‑acre protected property with EXCEPTIONAL Hudson River views.; Overlooks the historic "Maid of the Meadows" Lighthouse.; Existing house can be renovated and enlarged.
    (845) 883-7700
    We can help!
    Listing Contact
    JOHN E QUINN
    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
    272 River Road, Ulster Park, NY 12487
    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!