Newly Renovated Bed & Breakfast
196 Main St North Creek, NY 12853
196 Main St, North Creek, NY, 12853
$715,000
Pending
For Sale
$715,000
Pending
Recently renovated B&B/family home with a granite-topped kitchen, radiant heat, and fully renovated tile bathrooms.
Property Size3,098 SF
Days on Market738
Property Features for 196 Main St
General Information
- Standard status
- Pending
- Size
- 3,098 SF
Listing agency
RE/MAX North Country
(518) 563-1200
Listed by
Tina Calkins Covey · License #31C00892693
(518) 563-1200
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 21 at 1:26PM Checked: Jul 21 at 1:26PM
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 RE/MAX North Country
Investment Insights
Based on property information with market context.
This newly renovated bed & breakfast or family home features a spacious kitchen with granite countertops, a farmhouse sink, a large butcher block wet island, and custom hickory cabinets that extend to the ceiling. In-floor radiant heat is a recent improvement, and each bedroom has been freshly painted with fully renovated tile bathrooms. The property also includes two staircases to the second story.
Additional outdoor features include a pond with a dock and a seasonal cabin. The listing notes proximity to Gore Mountain with mountain views, with the Revolution Rail rail bikes about a half mile away, and Lake George roughly 30 minutes away. The Goose Pond Inn is described as convenient for outdoor activities such as biking, white-water rafting, hiking, and kayaking.
A hot tub is noted as negotiable as part of the offering.
Additional outdoor features include a pond with a dock and a seasonal cabin. The listing notes proximity to Gore Mountain with mountain views, with the Revolution Rail rail bikes about a half mile away, and Lake George roughly 30 minutes away. The Goose Pond Inn is described as convenient for outdoor activities such as biking, white-water rafting, hiking, and kayaking.
A hot tub is noted as negotiable as part of the offering.
Key Highlights
- Recently renovated bed & breakfast or family home
- Spacious kitchen with granite countertops, farmhouse sink, wet island with large butcher block top, and custom hickory cabinets
- In‑floor radiant heat plus freshly painted bedrooms
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $55.8k | $18.00 |
| − Vacancy | −$5.6k | −$1.80 |
| EGI | $50.2k | $16.20 |
| − OpEx | −$26.3k | −$8.51 |
| NOI | $23.8k | $7.69 |
3,098 SF · lease $18.00/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$340.6K
$298.0K – $397.3K
NOI $23,839 @ 7.0% cap · market cap 3.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$927.3K
$811.4K – $1.08M
NOI $64,909 @ 7.0% cap · market cap 9.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Goose Pond Inn ...
Bed & Breakfast
Similar For Sale Nearby
Similar Off Market Nearby
- Goose Pond Inn B & B — 196 Main St, North Creek, NY 12853
- Heads In Beds — 191 Main St, North Creek, NY 12853
- Suites by Hudson River Trading Company — 290 main st, north creek, ny 12853
FAQs
What type of property is this?
Bed & breakfast - Recently renovated B&B/family home with a granite-topped kitchen, radiant heat, and fully renovated tile bathrooms.
Where is this bed & breakfast located?
The property is located at 196 Main St North Creek, NY.
What is the asking price?
The asking price for this property is $715,000.
What are key features of this property?
This property features: Recently renovated bed & breakfast or family home; Spacious kitchen with granite countertops, farmhouse sink, wet island with large butcher block top, and custom hickory cabinets; In‑floor radiant heat plus freshly painted bedrooms
