875 Rte Catskill, NY 12414
This exceptional 18.77-acre Catskill property presents a unique waterfront development opportunity. Located on Route 23B, just off NYS Thruway Exit 21, this offering includes two parcels (SBL #138.11-4-10 & 138.11-4-8) boasting 250 feet of Catskill Creek frontage and stunning mountain views. Existing structures include a single-family dwelling, a three-family dwelling, a workshop/studio with utilities, and two garages, along with seventeen cabins. The property benefits from completed infrastructure, including municipal water and sewer installation (maps available). Comprehensive plans are in place, including a survey, cabin blueprints, engineered drawings, and zoning entitlements for a total of 31 cabins. A business plan is also included, providing a solid foundation for immediate development. This turnkey opportunity offers immense potential for a variety of ventures, such as a restaurant/bar, spa, AirBnB, or wedding venue. Conveniently located near Hudson (10 minutes), Saugerties (15 minutes), and Windham Mountain (20 minutes), this property is poised for significant returns. The asking price is $1,250,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.