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    Catskills Income-Generating Turnkey Property Title is generated by Realmo AI

    49 Chase Drive, Hensonville, NY 12496

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    Claim this Listing
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    For Sale
    $579,000

    MULTI_FAMILY - Other - Hensonville, NY

    Property size:
    1,680 SF
    Lot size:
    0.59 Acres
    Price / SF:
    $344/SF
    Added:
    May 11, 2026
    Days on Market:
    4
    Last Refresh:
    May 14 at 8:06 pm

    Property Features for 49 Chase Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Zoning
    residential
    Bedrooms
    6
    Bathrooms
    3
    Rooms
    Bedroom 5, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 3, Bedroom 1, Bedroom 2, Bedroom 6
    Patio and Porch features
    Deck
    Interior features
    High Speed Internet, Kitchen Island
    Exterior features
    Private Yard
    Appliances
    Washer/Dryer, Refrigerator, Microwave, Electric Water Heater, Dryer, Dishwasher, Built-In Range
    Standard status
    Active
    APN
    4
    Size
    1,680 SF
    Lot size
    0.59 Acres

    Taxes and HOA fees

    Tax Description
    multi-family
    Tax Annual Amount
    2661

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Tank
    Heating system
    Electric (Heating), Baseboard
    Water source
    Public

    Building Details

    Year built
    1981
    Floors in Building
    3
    Number of units
    2
    Flooring type
    Tile, Hardwood, Carpet
    Building materials
    Frame, Shingle Siding
    Roof type
    Asbestos Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    Sheila Word

    Listing agent Sheila Word

    Listing office Coldwell Banker Village GreenW 5354 Main Street, Kingston, NY

    Listing date May 11, 2026

    MLS# 20262276 Listing URL

    Copyright © 2026 Hudson Valley Catskill Region MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Income‑generating property in the Catskills, ideal for Airbnb.
    • Turnkey investment with two self‑contained apartments.
    • Close proximity to Windham Mountain Club and Hunter Mountain, ensuring year‑round demand.
    • Minutes from restaurants and bars.
    • Scenic location near the Windham path and Catskill hiking trails.
    • Includes essential appliances: Washer/Dryer, Refrigerator, Microwave, Dishwasher, Built‑In Range.

    Overview

    This income-generating property is located in the Catskills and is positioned to capitalize on year-round ski and outdoor tourism. This turnkey investment property features two self-contained apartments, each suited for short-term rental. The property's proximity to both Windham Mountain Club and Hunter Mountain ensures demand and repeat bookings. Guests can stroll the scenic Windham path or venture into the surrounding Catskill highlands, where miles of hiking trails await. A variety of restaurants and bars are minutes from the front door. The property is located in Hensonville, NY, in Greene County. The lot size is 0.59 acres and the property size is 1680 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Department Store Kitchen & Bath Showroom Furniture & Home Goods Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Hensonville
    County
    Greene
    State
    New York
    Longitude
    -74.206896
    Latitude
    42.2927

    FAQs

    What type of property is this?
    Short term rental property - Turnkey investment property near Windham and Hunter Mountain ski areas.
    Where is this short term rental property located?
    The property is located at 49 Chase Drive Hensonville, NY.
    What is the asking price?
    The asking price for this property is $579,000.
    What are key features of this property?
    This property features: Income‑generating property in the Catskills, ideal for Airbnb.; Turnkey investment with two self‑contained apartments.; Close proximity to Windham Mountain Club and Hunter Mountain, ensuring year‑round demand.
    (518) 727-1982
    We can help!
    Listing Contact
    Sheila Word
    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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