850-872 Oliverea Road

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850-872 Oliverea Road

Big Indian, NY 12410
Asking Price
$975K
Asset Type
Hotel Hospitality
Class
Class B

What's Special

existing density, authenticity, stream frontage, and the opportunity to create something iconic <p>11 cabin structures containing 16 existing lodging units (converted from 17)</p><p>Mix of 1 and 2 bedroom units</p><p>a recreation hall/pavillion/ lodge building with garage space</p><p>(and a larger house structure across the road that should likely be rebuilt rather than restored.)</p><p>7.73 acres</p><p>Stream frontage on the Esopus creek (trout fishing paradise)</p><p>r1.5 zoning</p><p>pre-established infrastructure density to facility re-invented hospitality or rental units</p><p>heart o

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NOI
$80,000
Cap Rate
8.21%
DSCR
1.38
Strong
Cash-on-Cash
7.56%
Monthly Payment
$4,823.768
Annual Cash Flow
$22,114.784

Location & Travel Times