5 Rock City Woodstock, NY 12498
Listing by: ULSTER / Howard Hanna Rand Realty / Edwin Maldonado
$3,300,000
6
BED
6
BATH

  5 Rock City Woodstock, NY 12498

Active (33 Days)

Description

In the Heart of Woodstock, just steps away from the Village Green, lies Hotel Woodstock. Hotel Woodstock is, quite simply, one of the Best Investment properties in the Hudson Valley! The story goes that Hotel Woodstock was born in 1870 with between 18-20 Rooms and its rumored that Ulysses S. Grant stayed here in 1872. Substantive work was done to the structure in the early 1930s by Stanley Brinkerhoff Longyear. In 1962 the many lodging rooms were combined to create eight (8) Private Apartments on the 2nd & 3rd floors for full time residents. In 2016 the current Owners began renting the furnished apartments to guests by the night, returning the building to travelers from around the world once again for that authentic Woodstock experience! Currently the property is set up with Nine (9) Residential Units, Five (5) Retail Units and is Permitted for One (1) Outdoor Vending Space. 5 Rock City Road, the Original Building, has Eight (8) Residential Units and Four (4) Retail Spaces. 9 Rock City Rd, the more recent Cottage, has One (1) Residential Unit, One (1) Retail Space and backs up to the Tannery Brook. The Nine Residential Units are Permitted to operate as a Boutique Hotel and are offered through Air BNB and VRBO (and its affiliates). The Five (5) Retail Spaces are occupied with three (3) Shops in the Main Building (one shop occupies two spaces). Many Improvements since 2016 including the paved lot, the front sidewalk, Electric, Fuel Tanks and more! If youre looking for a Solid Investment in a perennially stable Tourist Area, look no further. Perfect for a 1031 Exchange!

MLS #:
20223862
Lot Size
0.32 acres
Type
Multifamily
Year Built
1965
Style
Cottage, Apt. Complex
Views
Mountain
School District
Onteora Central
County
Ulster County
Bathroom Details
Interior Features
  • Other Rooms : Wood Stove : Laundry Room :
  • Interior Features: Attic : Plumbing : Mixed
  • Refrigerator
  • Appliances : Range
Lot Information
  • Other/See Remarks
  • Parking Lot
Property Features
  • Hamlet/Village
  • Fireplace: None
Heating and Cooling
  • Wall
  • Steam
  • Window Unit
Basement Information
  • Slab
  • Full
Flooring
  • Wood
  • Linoleum
  • Carpet
Exterior Features
  • Vinyl
  • Roof: Asph Shingle
Utility Information
  • Utilities: Propane, Fuel : Oil, Water : Municipal
  • Sewer: Municipal
Parking
  • Off Street
  • Lot-Striped
  • Lot-Paved
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 25, 2023
Price Changed
$3,300,000
-8%
-300,000
Jan 20, 2023
Price Changed
$3,600,000
-8%
-300,000
Dec 28, 2022
Original Price
$3,900,000
-
-

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Howard Hanna Rand Realty and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.