866-872 Mountain Ave, Purling, NY 12470
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.
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
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.