143 St Josephs Hill Rd Forestburgh, NY 12777
This exceptional Forestburgh, NY property offers a unique investment opportunity spanning 3.99 acres. The 173,804 square foot mixed-use property boasts five separate buildings containing a total of ten units, comprising 21 bedrooms, 50 beds, and 15 bathrooms. Each building has undergone recent updates, including new electric systems and security cameras. Amenities include an in-ground swimming pool, landscaped common areas with fire pits and barbeque grills, ample parking, and a lounge with a bar and pool table. The main building is the largest, featuring 11 bedrooms, 6 bathrooms, and a bar/lounge area. The remaining buildings offer a variety of bedroom and bathroom configurations. The property is equipped with mini-split heating and cooling units, eat-in kitchens/kitchenettes, screened-in porches, and a laundry room. Well water and four septic tanks service the property. The property is zoned Residential Recreation (RR-1), allowing for potential expansion. Its successful history as an Airbnb operation demonstrates strong income potential, making it ideal for a hybrid investment – a private estate with lucrative rental income. The property's location offers easy access to numerous recreational activities, including hiking, fishing, and skiing, as well as cultural attractions like The Forestburgh Playhouse and Bethel Woods Center for the Arts. Convenient proximity to supermarkets, a post office, and Home Depot adds to its appeal. Located approximately two hours from New York City, this property presents a rare combination of luxury, income potential, and recreational opportunities. The asking price is $1,450,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
2 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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.