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Listed by: Off The Wall Management LLC
$ 1,900,000
Est. payment /mo
New
37-69 Mt. Ava Maria DR Phoenicia, NY 12464
30 Beds
8.54 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 20254524
Bedrooms 30
Year Built 1870
Annual Tax Amount $20,830
Tax Year 20830
Lot Size 8.540 Acres
Acres 8.54
Property Sub-Type Multi Family
Source Hudson Valley Catskills Region Multiple List Service (Ulster County Board of REALTORS®)
Property Description
Unique Investment Opportunity -
An exceptional offering: a 19-unit multi-family compound located in the heart of one of the Hudson Valley's most beloved travel destinations; Phoenicia, New York.
The property spans 8.54 picturesque acres, featuring four residential buildings that include:
(3) Studios
(5) One-bedroom units
(9) Two-bedroom units
(2) Three-plus-bedroom apartments
The grounds are beautifully maintained with mature trees, open fields, ample parking, and direct access via a paved municipal street. Currently delivering a cap rate of 8.71 with clear potential for increased returns. Endless possibilities: continue operating as a high-yield rental property, or reimagine it as a family retreat, community living space, etc.
Rich History -
The existing structures were once part of the 1878 Tremper House of Phoenicia, a grand hotel that overlooked the town and the surrounding Catskill Mountains. Later renamed the Washington Inn, it was known for its luxurious accommodations before being largely destroyed by fire in 1908. Remaining original structures include what were once the carriage house, horse stalls, two-lane bowling alley, chapel, private cottages, and parts of the original hotel. Notable historic features like the music gazebo and water fountain still exist and await restoration.
Highlights -
Family owned for over 50 years.
Rents are currently below market, offering significant upside.
Long-term tenants provide reliable income.
New roofs on all four buildings (within last 6 years).
On-site coin-operated laundry room.
Heating system under regular service contract.
Ideal Location:
15 minutes to Woodstock.
30 minutes to Uptown Kingston and the NYS Thruway traffic circle.
Walking distance to downtown Phoenicia, with bus service to/from NYC.
Close to top local attractions: Empire State Railroad Museum, Emerson Spa and Kaleidoscope, Woodland Valley Museum, Catskill Rail Explorers, Esopus Creek (for fly fishing), hiking trails, mountain climbing, and premier restaurants.
Nearby winter resorts include Belleayre, Catamount, Hunter Mountain, and Windham Mountain Club.
An exceptional offering: a 19-unit multi-family compound located in the heart of one of the Hudson Valley's most beloved travel destinations; Phoenicia, New York.
The property spans 8.54 picturesque acres, featuring four residential buildings that include:
(3) Studios
(5) One-bedroom units
(9) Two-bedroom units
(2) Three-plus-bedroom apartments
The grounds are beautifully maintained with mature trees, open fields, ample parking, and direct access via a paved municipal street. Currently delivering a cap rate of 8.71 with clear potential for increased returns. Endless possibilities: continue operating as a high-yield rental property, or reimagine it as a family retreat, community living space, etc.
Rich History -
The existing structures were once part of the 1878 Tremper House of Phoenicia, a grand hotel that overlooked the town and the surrounding Catskill Mountains. Later renamed the Washington Inn, it was known for its luxurious accommodations before being largely destroyed by fire in 1908. Remaining original structures include what were once the carriage house, horse stalls, two-lane bowling alley, chapel, private cottages, and parts of the original hotel. Notable historic features like the music gazebo and water fountain still exist and await restoration.
Highlights -
Family owned for over 50 years.
Rents are currently below market, offering significant upside.
Long-term tenants provide reliable income.
New roofs on all four buildings (within last 6 years).
On-site coin-operated laundry room.
Heating system under regular service contract.
Ideal Location:
15 minutes to Woodstock.
30 minutes to Uptown Kingston and the NYS Thruway traffic circle.
Walking distance to downtown Phoenicia, with bus service to/from NYC.
Close to top local attractions: Empire State Railroad Museum, Emerson Spa and Kaleidoscope, Woodland Valley Museum, Catskill Rail Explorers, Esopus Creek (for fly fishing), hiking trails, mountain climbing, and premier restaurants.
Nearby winter resorts include Belleayre, Catamount, Hunter Mountain, and Windham Mountain Club.
Location
State NY
County Ulster
Area Shandaken
Zoning Res
Interior
Laundry Laundry Room
Exterior
Roof Type Asphalt,Membrane
Garage Yes
Building
Sewer Cesspool, Septic Tank, Other
Water Public
Schools
High Schools Onteora Central School District
School District Onteora Central School District
Others
Tax ID 14.1-2-2.100
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