Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    103 Carney Rd Ulster Park, NY 12487

    • Residential income homes
    • 8,800 SF
    • 3.20 lot acres
    For Sale
    View listing
    $2,495,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US63-3409354
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 103 Carney Rd

    Year built
    1920
    Lot size
    3.20 lot acres
    Property size
    8,800 SF
    Property type
    Residential income homes
    Property subtype
    Hotels

    Description

    This exceptional Ulster Park, NY property offers a unique investment opportunity and luxurious lifestyle. Nestled on 3.2 acres, this meticulously renovated estate comprises three distinct residences: a magnificent 5,463 sq ft Jewel House, a charming 2,291 sq ft Rustic Family Retreat, and a cozy 941 sq ft Carney Cottage. All three buildings boast modern amenities, including a new roof, Hardie board siding, and a new septic system, ensuring lasting quality. Six zones of heating and cooling provide customized climate control throughout the 8,800 sq ft of living space. A large Trex wrap-around deck enhances the indoor-outdoor flow, perfect for entertaining. The property's prime location in the Hudson Valley, near Kingston, New Paltz, and Rosendale, offers easy access to hiking trails, skiing, boating, and cultural attractions, including the renowned Mohonk Mountain House. In its first year as an Airbnb, the property projects over $124,000 in income, with 2024 operating expenses to date totaling $36,043. This includes insurance, utilities, management fees, and cleaning services. The property's versatility makes it ideal for a family compound, Airbnb operation, corporate retreat, or even an event venue. Built in 1920 and extensively renovated in 2018, this three-story, three-building estate is zoned R40 and presents a rare opportunity to acquire a high-return investment with significant income potential and exceptional lifestyle benefits in a highly desirable location. The property's blend of modern luxury and timeless charm makes it a truly unique offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Ulster Park
    County
    Ulster
    State
    New York
    Longitude
    -74.025070247049
    Latitude
    41.850561308421

    Comparable in this City

    • $2,495,000
      5,177 SF

      Ulster Park Multi-Unit Estate

      Renovated multi-unit property near Kingston, New Paltz, and Rosendale.
      103 Carney Rd, Ulster Park, NY 12487
      View Details
    • $990,000
      14,821 SF

      Ulster Park Commercial Event Venue

      6.6-acre commercial property with 16,000 sq ft event facility.
      423 Broadway, Ulster Park, NY 12487
      View Details
    • $499,000
      6,132 SF

      Mixed-Use Property with Development Potential

      Mixed-use property with live-work and development potential in Ulster Park.
      737 Broadway Aka 9W, Ulster Park, NY 12487
      View Details
    • $499,000
      6,132 SF

      Mixed-Use Property with Development Potential

      Mixed-use property in Ulster Park with live-work and development potential.
      737 Broadway Aka 9W, Ulster Park, NY 12487
      View Details
    • $2,495,000
      4,277 SF

      Ulster Park Multi-Family Investment

      Income-generating multi-unit property in Ulster Park, NY.
      103 Carney Rd, Ulster Park, NY 12487
      View Details
    • $499,000

      Mixed-Use Property with Development Potential

      Mixed-use property with live-work and development potential in Ulster Park.
      737 Broadway Rte, Ulster Park, NY 12487
      View Details

    Similar Nearby for Sale

    • $2,495,000
      5,177 SF

      Ulster Park Multi-Unit Estate

      Renovated multi-unit property near Kingston, New Paltz, and Rosendale.
      103 Carney Rd, Ulster Park, NY 12487
      View Details
    • $990,000
      14,821 SF

      Ulster Park Commercial Event Venue

      6.6-acre commercial property with 16,000 sq ft event facility.
      423 Broadway, Ulster Park, NY 12487
      View Details
    • $499,000
      6,132 SF

      Mixed-Use Property with Development Potential

      Mixed-use property with live-work and development potential in Ulster Park.
      737 Broadway Aka 9W, Ulster Park, NY 12487
      View Details
    • $2,495,000
      4,277 SF

      Ulster Park Multi-Family Investment

      Income-generating multi-unit property in Ulster Park, NY.
      103 Carney Rd, Ulster Park, NY 12487
      View Details
    • $499,000
      6,132 SF

      Mixed-Use Property with Development Potential

      Mixed-use property in Ulster Park with live-work and development potential.
      737 Broadway Aka 9W, Ulster Park, NY 12487
      View Details
    • $499,000

      Mixed-Use Property with Development Potential

      Mixed-use property with live-work and development potential in Ulster Park.
      737 Broadway Rte, Ulster Park, NY 12487
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    103 Carney Rd
    Ulster Park, NY 12487
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.