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  • $2,200,000

    5987 Route 28, Phoenicia, NY 12464

    --beds
    16baths
    --sqft
    Multi Family
    Built in 1940
    -- sqft lot
    $927,400 Zestimate®
    $--/sqft
    $2,393 Estimated rent

    Home value

    $927,400

    $751,000 - $1.16M

    $2,393/mo

    Zestimate® history
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    $14,854/mo

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    What's special

    THE PHOENICIA LODGE - The perfect marriage of vintage charm and modern convenience is made in this topnotch hospitality property in the heart of the Catskill Mountain Region. Reception, five motel rooms, two suites, six circa 1940 cottages and a garage space combine to total 19 bedrooms and 16 bathrooms. Buildings are spaced in a park-like setting under towering pines surrounded by hammocks, picnic tables, charcoal grills and a communal fire pit. A short walk brings you to public access to the quintessential Catskill creek, the Esopus, famous for its trout fishing, tubing and bathing. All lodging units have free wi-fi, cable TV and DVD players with free access to a DVD library. All cabins and suites have newly renovated kitchens fully stocked with cookware and dinnerware. Each motel room has its own mini-fridge and old school telephone. Current owner-operators have worked wonders on their watch! Improvements include 7 new roofs; 61 new windows; new stoves, refrigerators and appliances; and new stand by generators that power the entire property when needed. Attention to every detail has cultivated loyal return business contributing to great financials and a 9% CAP rate. There is ample room for growth. An additional two 2 bedroom suites can be monetized the and 1100 square foot brick garage is an event space waiting to happen. Included in the sale: the real property on 2 parcels; fixtures & appliances; furniture, small wares, linens, equipment & supplies for all rental units; DBA, website & social media. Sellers to provide a smooth transition for you to hit the ground running with a positive cash flow on Day 1. Two hours from the GWB, this location truly has it all—world class natural beauty, skiing, hiking, biking, tubing, arts, culture and cuisine all in one amazing place. Near the villages of Phoenicia and Woodstock, Belleayre and Hunter Mountain ski centers and the new Ashokan Rail Trail. This is your opportunity to be a part of it all!

    Zillow last checked:

    Listing updated:

    Listed by:

    Peter Cantine 845-532-7119,

    Halter Associates Realty

    Bought with:

    Michael Shaughnessy, 10401364369

    Halter Associates Realty

    Source: HVCRMLS,MLS#: 20240715MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 16
    Heating
    • Forced Air, Oil, Propane, Wall Furnace
    Cooling
    • Wall Unit(s), Window Unit(s)
    Appliances
    • Included: Other, Washer, Refrigerator, Range, Oven, Microwave, Electric Water Heater, Dryer, Dishwasher
    Features
    • Has fireplace: Yes
    • Fireplace features: Living Room, Propane, Wood Burning, Other, See Remarks

    Property

    Parking
    • Total spaces: 2
    • Parking features: Off Street
    • Garage spaces: 2
    Features
    • Stories: 2
    • Exterior features: Lighting
    Lot
    • Size: 1.4 Acres
    • Dimensions: 1.40
    • Features: Landscaped
    Details
    • Additional structures: Second Residence, Other, See Remarks
    • Parcel number: 5150001316242100
    • Zoning description: HR
    • Other equipment: Generator

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Cabin
    • Property subtype: Multi Family
    Materials
    • Brick, Frame, Stone, Wood Siding
    • Roof: Asphalt,Shingle
    Condition
    • Year built: 1940

    Utilities & green energy

    • Sewer: Cesspool
    • Water: Public
    • Utilities for property: Cable Available

    Community & HOA

    Community
    • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
    HOA
    • Has HOA: No
    Location
    • Region: Phoenicia

    Financial & listing details

    • Tax assessed value: $132,000
    • Annual tax amount: $12,770
    • Date on market: 4/18/2024
    • Listing terms: Lease Option

    Price history

    DateEventPrice
    11/19/2024Sold$2,200,000
    Source: HVCRMLS #20240715 Report a problem
    4/26/2024Pending sale$2,200,000
    Source: HVCRMLS #20240715 Report a problem
    4/18/2024Contingent$2,200,000
    Source: HVCRMLS #20240715 Report a problem
    3/23/2024Listed for sale$2,200,000+1592.3%
    Source: HVCRMLS #20240715 Report a problem
    10/30/1995Sold$130,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $66,900
    2024-- $66,900
    2023-- $66,900 +11.5%
    2022-- $60,000
    2021-- $60,000
    2020-- $60,000
    2019-- $60,000
    2018-- $60,000
    2017$5,401 $60,000
    2016-- $60,000
    2015-- $60,000
    2014-- $60,000
    2013-- $60,000
    2011-- $60,000
    2010-- $60,000
    2009-- $60,000
    2008-- $60,000
    2007-- $60,000
    2006-- $60,000
    2005-- $60,000
    2004-- $60,000
    2003-- $60,000
    2002-- $60,000
    2001-- $60,000
    2000-- $60,000
    Find assessor info on the county website

    Neighborhood: 12464

    Nearby schools

    GreatSchools rating