Property profile

400 Granite Rd Kerhonkson, NY 12446

OFF-MARKET
Hotels
Property ID
US63-6240899
34,000 SF 369.8 ac lot Built 1970
Individually Owned 3-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 550-acre property, encompassing four parcels (76.4-1-56.110, 76.3-1-11.120, 76.4-1-38, 76.4-2-39.100), presents a unique investment opportunity. Currently operating as The Hudson Valley Resort, this legendary Granite Hotel boasts 232 functioning rooms and a wealth of amenities. Imagine the possibilities within this expansive landscape, previously home to a golf course and ski slope. The resort features a welcoming lobby, a picturesque lake, both indoor and outdoor pools, a theater, multiple large convention spaces ideal for private functions and events, a restaurant, and several kitchens. While the property requires updating and not all sections are currently operational, its sheer size and potential are undeniable. The 200,000 square foot main building offers significant space for redevelopment and expansion. The listed tax amount reflects the assessment for all four parcels. This is a rare chance to acquire a substantial resort property with immense potential for revitalization and future growth in the desirable Hudson Valley region. The property's scale and diverse amenities provide a blank canvas for a wide range of development scenarios. Priced at $15,000,000.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1970
Total area 34,000 SF
Lot 369.8 ac (16,108,488 SF)
Zoning code R5
APN 514400 76.4-1-56.110
UPID US63-6240899

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Hotel & Motel Resort
  • Hotel & Motel
  • Hotel & Motel

Location

400 Granite Rd Kerhonkson, NY 12446-3557
Kerhonkson metro Census 955002 KINGSTON, NY METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.80M
Comparable Approach Comparable
$2.19M
Blend (final) Blend
$2.50M

Owner & transaction history

since 2023
5 recorded transactions
2024
Price N/A
2023
$12.0M
2020
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

R5 · Kerhonkson, NY
Top alternative use upside
Commercial (general) $4.0M +120.5%
Auto repair, garage $3.9M +114.6%
Office building $3.4M +85.5%

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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