62 Water St Catskill, NY 12414
This exceptional 1.06-acre waterfront property in Catskill, NY, presents a unique investment opportunity. The site boasts a fully operational, state-of-the-art 20,208 square foot production facility, which has served as a filming location for major streaming services including Netflix, Apple TV, and HBO/Max. This existing revenue stream is complemented by a versatile event space with a capacity of 450 seated and 600 standing guests, including sleeping accommodations for 24 people. Three additional buildings totaling 13,450 square feet further enhance the property's potential. The significant 110,818 square feet of air rights, combined with the prime waterfront location on Catskill Creek (a tributary to the Hudson River Estuary), unlocks substantial mixed-use development potential, estimated at nearly 150,000 square feet. Docking stations are permitted, adding to the property's appeal. The property includes a detached garage with parking for four or more cars and an elevator. This turnkey operation offers immediate income generation and significant long-term development upside in a rapidly growing Hudson Valley community. This is a rare chance to acquire a multifaceted property with established revenue and immense future growth potential.
-
Lumberyard Center for Film and Performing Arts Theater & Performing Art Venue
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
Similar Nearby for Sale
Similar Nearby for Lease
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.