Property profile

866-872 Mountain Ave Purling, NY 12470

OFF-MARKET
Retail properties & Spaces
35,000 SF 116 ac lot Built 1864
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Property summary

AI-generated overview

This iconic Catskills property, originally established in the mid-1800s, offers a unique blend of hospitality and multifamily income. The 18-room Bavarian Manor Hotel features a restaurant, bar, and commercial kitchen, all nestled on 116 acres. An attached 5-bedroom, 2-bathroom house provides additional living space or staff quarters. A 16-unit waterfront apartment complex, currently fully leased month-to-month, generates consistent rental income. The property boasts a 3+ acre lake, extensive scenic trails, and a solar farm supplying 50% of the hotel's electricity, significantly reducing operational costs. Potential exists to add more hotel rooms on the third floor (pending town approval). Located near popular ski mountains and recreational areas, this year-round destination presents a compelling investment opportunity, whether maintaining its historic charm or developing it into a premier spa, wellness retreat, or wedding venue. The asking price is $2,695,000. The property includes 35,000 square feet of space and 35 units. Built in 1864, this property is located at 866-872 Mountain Ave, Purling, NY 12470 in Greene County.

Property profile

Verified
Property type Retail properties & Spaces
Year built 1864
Total area 35,000 SF
Lot 116 ac (5,052,960 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

866-872 Mountain Ave Purling, NY 12470
Purling metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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