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    Property profile & analytics
    OFF-MARKET Estimated value $2,495,000
    Hotels

    400 Granite Rd, Kerhonkson, NY 12446-3557

    34,000 SF 369.8 ac lot Built 1970
    Individually Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US63-6240899
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Hudson Valley Resort & Spa Hotel & Motel Resort
    • Vacation Valley Resort Hotel & Motel
    • HOPPY HALLOWEEN RESORT Hotel & Motel
    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
    Hudson Vly Resort Hldg Ll · 2 yrs held
    Hudson Vly Resort Hldg Ll
    since 2023
    5 recorded transactions
    2024
    2023
    $12.0M
    2020
    1969
    1969
    Zoning & alternative use
    R5 · Kerhonkson, NY
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $4.0M +120.5%
    Auto repair, garage $3.9M +114.6%
    Office building $3.4M +85.5%
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