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    OFF-MARKET
    Retail properties & Spaces

    866-872 Mountain Ave, Purling, NY 12470

    35,000 SF 116 ac lot Built 1864
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
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