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33888322
33888325

216 Route 385, Catskill, NY 12414

JK
NY NY 10991233039
Corcoran Country Living
Corcoran Country Living
Listed by Corcoran Country Living
$6,500,000
4 days on market
Updated 3 days ago

River House

Details
APN 139.00-3-19
Property Type Hospitality, Special Purpose (+1)
Sub Type Hotel, Business and Building
Square Footage 7,022
Beds 11
Cap Rate 5.04%
NOI $327,560
Tenancy Single
Year Built 1980
Buildings 1
Stories 2
Acreage 48.540
Zoning Res
Investment Type Value Add
Ground Lease No
Ownership Fee Simple

Hospitality | 5.04% CAP

Marketing description

River House is a rarely available, Hudson River-front estate that lies on 48+ breathtaking acres directly on the Hudson River in Catskill. Currently used as an incredible, income-producing event space and rental property, River House was designed with privacy in mind. The long, private drive winds through mature trees to this expansive, 7,800+/- square foot, 11-bedroom, 7.5-bath retreat, where historic character and expansive indoor-outdoor spaces create the perfect, serene setting that is truly away from it all. Inside, the home feels historic, soulful, and full of character with sunlight pouring through towering arched windows that highlight the antique wood floors and historic details. River House has a long history of an income-producing Hudson River estate with institutional pedigree and a rare, build-out opportunity. As an hospitality space, it creates wonderful optionality offering multiple areas to celebrate, entertain, take in incredible vistas and use the River. The property gently slopes down to the approximately 1,500 linear feet of accessible, Hudson River frontage, where one can launch kayaks or add a floating dock (with approval), fish, jet ski or swim.

Set in Catskill, NY, this estate places you close to the best of the Hudson Valley---riverfront scenery, charming nearby towns, hiking, antique shops, art galleries, incredible farm-to-table dining, and seasonal adventures. Local Attractions include charming, downtown Catskill, the vibrant town of Hudson, Olana State Historic Site, Thomas Cole National Historic Site, Hudson Amtrak Station all within 15 minutes from the property. The Catskill Mountains with its hiking trails & ski areas are within 30 minutes. Currently a successful short-term rental property, River House works well as a great investment property or can be updated to create an extraordinary, generational family compound.

Investment highlights

  • Four consecutive years at $500K+ annual gross under AvantStay management. Five-star Vrbo reviews. 2025 AvantStay Awards finalist. Trailing-twelve diligence pathway is clean.
  • Events activation, 2–4 additional cabins, and glamping deployment combine to ~$925K stabilized gross at ~$1.15M total CapEx. As-of-right under Town of Athens zoning.
  • Direct sight line to Olana, with state-protected viewshed eastward in perpetuity. 2026 Frederic Church bicentennial concentrates cultural attention through year-end.
  • Seller declined a Scenic Hudson conservation easement offer fifteen years ago. Full development rights intact — a posture nearly impossible to source elsewhere on the Hudson.

Listing Contacts

JK
NY NY 10991233039
Corcoran Country Living
Corcoran Country Living
Listed by Corcoran Country Living

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$327,560.00
$27,296.67/mo

Valuation Metrics

0
DSCR
5.04%
Cap Rate
5.04%
ROI

Map

Zoning

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OS/C SpecialOpen Space And Conservation
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View all 61 uses
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Last updated Mar 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Jason Karadus
License
NY 10991233039
Brokerage
Corcoran Country Living
Title
Broker
Brokerage Address
51 East Market Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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