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Turnkey Boutique Hotel and Apartments
For Sale
$529,000

171 Cornell Avenue, Stamford, NY 13788

COMMERCIAL - Stamford, NY

Property Size6,934 SF
Lot Size2.94 Acres
Price / SF$76.29
Days on Market49

Property Features for 171 Cornell Avenue

General Information

Property type Commercial Sale
Property subtype Other
Bedrooms 5
Rooms Bedroom 3, Basement, Bedroom 2, Bedroom 1, Bedroom 4, Bedroom 5
Parking features Driveway, Garage
Exterior features DirtDriveway, GravelDriveway, PropaneTankLeased
Fireplace 1
Appliances ConvectionOven, OilWaterHeater, PropaneWaterHeater, Refrigerator
Lot features Cul De Sac, Irregular Lot
Elementary school district South Kortright
Middle school district South Kortright
High school district South Kortright
Directions Turn onto Cornell Ave. Make left on treelined private road taking you to the large victorian in the center of the cul de sac
Subdivision Hobart-Village-125201
Standard status Active
APN 125201-069-017-0003-022-111
Size 6,934 SF
Lot size 2.94 Acres

Taxes and HOA fees

Tax Annual Amount 6700

Utilities

Heating system Propane (Heating), Oil, Steam
Cooling system Wall Unit(s)
Water source Public

Building Details

Year built 1886
Floors in Building 2
Number of units 5
Flooring type Hardwood, Varies
Building materials AtticCrawlHatchwaysInsulated, Frame, StructuralInsulatedPanels, VinylSiding
Roof type Rubber, Metal, Rolled Hot Mop, Membrane
Listing Agency: Jewett and Jewett LLC
Listed By: Ashley O'Malley · License #10401355852
Added: Jun 13 Changed: Jul 12 Last Checked: Jul 31 at 8:06AM
MLS# R1690456

Copyright © 2026 New York State Alliance of MLSs, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

A historic 1886 hospitality compound configured as a boutique hotel plus independent apartment income. The main building has been reconfigured to provide seven hotel rooms, and it includes upgraded bathroom features noted in the remarks. Alongside the hotel rooms, the property includes five separate income units described as completely renovated and fully occupied. A large eat-in country kitchen is included, with dual independent ranges, supporting self-contained guest and group use.

The property is sited on nearly three acres and is described in the remarks as being in Hobart’s historic Book Village area, at 171 Cornell Avenue in Stamford, New York. The listing positions the asset as being in a year-round Catskills tourist corridor, located between Margaretville, Delhi, and Stamford, and near regional snowmobile trail access.

For operators and investors looking for a turnkey hospitality platform with existing apartment revenue, the combination of hotel-room layout and five occupied units provides immediate income and a built-in hospitality operating base. The grounds offer room to support guest experiences and event use consistent with the compound-style concept described in the offering.

Key Highlights

  • Landmark 1886 property with 3 acres in Hobart’s Book Village
  • 7‑room boutique hotel configuration plus 5 income units in the same compound
  • Five renovated, fully occupied independent apartments provide immediate apartment income

Property Analytics

Current Use

Hotels

Lease Details

5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby

Demographics for 13788, NY

870
Population
646
Households
1.3
Avg Household Size
51
Median Age
42%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
25
Density / Sq Mi
$95,329
Median Household Income
$44,583
Median Earnings
$740
Median Rent
$222,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Hotel - Historic 1886 hospitality property offers seven hotel rooms plus five fully occupied apartment units on nearly three acres.
Where is this hotel located?
The property is located at 171 Cornell Avenue Stamford, NY.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Landmark 1886 property with 3 acres in Hobart’s Book Village; 7‑room boutique hotel configuration plus 5 income units in the same compound; Five renovated, fully occupied independent apartments provide immediate apartment income
More about this property
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