Catskills Cabin Resort
For Sale
$975,000
850-872 Oliverea Road, Big Indian, NY 12410
A hospitality compound with 11 cabin structures and 16 lodging units on a secluded Catskills Park site.
Property Size6,300 SF
Lot Size7.00 Acres
Price / SF$154.76
Days on Market137
Property Features for 850-872 Oliverea Road
General Information
Standard status
Active
Size
6,300 SF
Lot size
7.00 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,514
Amenities
Level
Meadow
Varies Flooring
wood Flooring
Building Details
Year Built
1940
Listing Agency:
KELLER WILLIAMS UPSTATE NY PRO
(607) 431-2540
Listed By:
DARA BARR · License #10401352668
(917) 523-1782
Source:
Corcoran
Added: Jun 16
Changed: Oct 27
Last Checked: Oct 28 at 8:31AM
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 KELLER WILLIAMS UPSTATE NY PRO
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Comprised of 11 cabin structures containing 16 existing lodging units, this Catskills hospitality compound is a modern-day revival project with historic character. The cabins include a mix of 1- and 2-bedroom layouts (converted from 17 units), and a recreation hall/lodge building with garage space. A larger house structure across the road is also included and should likely be rebuilt rather than restored. The property’s electric service includes multiple separate meters, which could support the creation of additional individual rental arrangements. A spring water source historically served the site, and future ownership may choose to enhance infrastructure with a well system.
Set well back from Oliverea Road and framed by mature trees, the grounds are anchored by a stream that runs through the property, adding a natural setting to the overall compound feel.
All structures require varying degrees of restoration and modernization, with some cabins reportedly still being used by the current owners in a camp-style setting. The offering reflects the original footprint of a year-round lodging resort, presenting an established base for a range of hospitality concepts.
Set well back from Oliverea Road and framed by mature trees, the grounds are anchored by a stream that runs through the property, adding a natural setting to the overall compound feel.
All structures require varying degrees of restoration and modernization, with some cabins reportedly still being used by the current owners in a camp-style setting. The offering reflects the original footprint of a year-round lodging resort, presenting an established base for a range of hospitality concepts.
Key Highlights
- Catskills hospitality compound originally known as Brookside Cottages, built in 1940
- Set on approximately 7 acres along scenic Oliverea Road in Catskills Park, set well back from the road
- 11 cabin structures with 16 existing lodging units, a mix of 1- and 2‑bedroom layouts
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,666
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,320
$673.3K
Cap Rate 7%
$480,943
$480.9K
Cap Rate 9%
$374,067
$374.1K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$94.5K $15.00/SF
− Vacancy
−$23.6K −$3.75/SF
EGI
$70.9K $11.25/SF
− OpEx
−$37.2K −$5.91/SF
NOI
$33.7K $5.34/SF
Area
Ulster County, NY
Vacancy
25.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$673,320
Cap Rate 7%
$480,943
Cap Rate 9%
$374,067
Alternative Uses
Best Use
Hotel Hospitality
$480.9K
$420.8K – $561.1K
NOI $33,666 @ 7.0% cap · market cap 3.45%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$58.92M
$51.55M – $68.74M
NOI $4,124,128 @ 7.0% cap · market cap 422.99%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Explore this area
Business Placement
Demographics for 12410, NY
416
Population
559
Households
0.7
Avg Household Size
53
Median Age
41%
College-Educated
98%
High-School Grad
50.8 sq mi
ZIP Area
8
Density / Sq Mi
$31,033
Median Household Income
$252,200
Median Home Value
Frequently Asked Questions
What type of property is this?
Resort - A hospitality compound with 11 cabin structures and 16 lodging units on a secluded Catskills Park site.
Where is this resort located?
The property is located at 850-872 Oliverea Road Big Indian, NY.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Catskills hospitality compound originally known as Brookside Cottages, built in 1940; Set on approximately 7 acres along scenic Oliverea Road in Catskills Park, set well back from the road; 11 cabin structures with 16 existing lodging units, a mix of 1- and 2‑bedroom layouts
