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Presented by
Laurie Mallett |
4858 Route 32, Catskill, NY, 12414 | $4,500,000
Welcome to the historic Friar Tuck Inn. Catskills Home Services is pleased to offer this exciting and unique opportunity to purchase and bring back to life this classic gem in the heart of The Catskills. This sale includes three adjacent parcels with a total of 170+ acres offering hiking trails, ponds, and streams. The resort and convention center, originally built in the 1970’s, needs a complete renovation. The hotel was built with a medieval motif offering over 370 guest rooms, more than 50, 000sf of convention center space, and parking for nearly 1, 000 vehicles. There are indoor and outdoor pools, conference rooms, banquet facilities, a massive garage, and a few smaller buildings, including some that housed time-share units. With well over 300, 000sf of space, this former hotel is ready for new owners with a vision to bring it back to its former glory. The hotel sits on a 29. 60-acre parcel zoned Commercial One. The second parcel (226 Mountain Turnpike Road) is a commercial lot with 60. 16 acres that houses the 7, 280sf auto body shop. The third parcel (61 Paul Saxe Road) is a vacant 80. 70-acre lot zoned Residential. Possible uses for this site include Hotel, Summer Resort, Wellness Retreat, Housing Development, Retail, Recreational Facility and similar uses. Greene County and nearby Ulster County have been booming for the past few years; there is so much potential here! The property is located in a prime location within the Greene County Catskills, less than an hour from Hunter Mountain, Windham Mountain, and Belleayre Mountain Ski resorts. Surrounded by mountains, waterways, hiking trails and the best outdoor entertainment that the Catskills has to offer, this site is long overdue for a revival on a grand scale. Contact us today for more information.
Features
- Property Type: Hotel/Motel
- Construction: Brick, Frame
- Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Collection Private, Water Available
- Parking: 800-car, Parking Lot
- Levels: 4
- Heating: Heat Pump
- Cooling: Central Air
- Year Built: 1978
- Acreage: 170.46
- Est. Taxes: $106,727
- Lot Desc: Part Wooded, Split Possible, Views, Waterfront
- View: Mountain(s)
- Water Front: Yes
- MLS#: 918115
- Days on Market: 150 days
- Website: https://www.raveis.com
/prop/918115/4858route32_catskill_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Laurie MallettLicensed Real Estate Salesperson
914.772.7695
Laurie.Mallett@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 2166562
302.293.7433
Brian.Shahwan@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Ryan FortierInsurance Sales Director, William Raveis Insurance
516.739.7731
Ryan.Fortier@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
4858 Route 32, Catskill, NY, 12414
$4,500,000
Laurie Mallett
Licensed Real Estate Salesperson
William Raveis Real Estate
Phone: 914.772.7695
Laurie.Mallett@raveis.com
Brian Shahwan
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 302.293.7433
Brian.Shahwan@raveis.com
NMLS Mortgage Loan Originator ID 2166562
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.689% |
| Monthly Tax Payment | $8,894 | $8,894 | $8,894 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $19,602 | $21,295 | $29,654 |
| Total Monthly Payment | $28,621 | $30,314 | $38,673 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535