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    4858 Route 32nd Catskill, NY 12414

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    Claim this Listing
    For Sale
    $6,500,000

    COMMERCIAL - NY

    Property size:
    316,038 SF
    Lot size:
    29.60 Acres
    Price / SF:
    $20/SF
    Added:
    Apr 30, 2025
    Days on Market:
    366
    Last Refresh:
    Apr 30 at 9:06 pm

    Property Features for 4858 Route 32nd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    02
    Basement
    Full
    Standard status
    Active
    Size
    316,038 SF
    Lot size
    29.60 Acres

    Taxes and HOA fees

    Tax Annual Amount
    41245

    Building Details

    Year built
    1986
    Number of units
    12
    Building materials
    Brick
    Roof type
    Flat

    We can help!

    Listing Contact
    MeiJuan (Mandy) Jiang

    Listing agent MeiJuan (Mandy) Jiang

    Listing office E House Realty & Mgt. Inc. 6005 7th Avenue, Brooklyn, NY

    Listing date Apr 30, 2025

    MLS# 492313

    Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Unique Resort with Development Potential

    This 29.6-acre resort, constructed in 1983, features 380 independent studios suitable for use as a hotel, Airbnb, or various commercial development projects. The full brick construction gives the property a European castle-style ambiance. The property includes 10 independent commercial retail boutiques, ideal for fine dining, cafes, bars, or other commercial uses, and a two-story grand opera house, perfect for a theater, wedding venue, or event space with a capacity of up to 2,000 people. The resort also features indoor and outdoor swimming pools. The property is located minutes from Hunter's Lodge, which offers recreational activities such as go-karting, off-road vehicles, clay shooting, swings, basketball, racing, snowmobiling, fishing, and boating, and is also minutes away from Hunter Mountain Ski Resort. The location offers scenic views overlooking the Nine Lakes Castle Estate and is close to Woodbury Outlet and Storm King Art Center. The property size is 316038 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Auto Repair Shop Hotel & Motel HVAC Service Travel Agency Bed & Breakfast Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Catskill
    County
    Greene
    State
    New York
    Longitude
    -73.9830472
    Latitude
    42.2075617

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    FAQs

    What type of property is this?
    Hotel - 29.6-acre resort with 380 studios, ideal for commercial development.
    Where is this hotel located?
    The property is located at 4858 Route 32nd Catskill, NY.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: 29.6‑acre resort suitable for hotel, Airbnb, or commercial development.; 380 independent studios offer flexible operational models and high‑return investment potential.; Located minutes from Hunter Mountain Ski Resort and Hunter's Lodge recreational activities.
    (718) 680-2776
    We can help!
    Listing Contact
    MeiJuan (Mandy) Jiang
    Learn More
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    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
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