1398 & 1466 Broadway/rt 9w, Esopus, NY 12429 (MLS# 20210462)
$1,500,000
Esopus, NY 12429
MLS# 20210462
Status: Closed
31075 sqft
1 / 17
Property Description
Rarely does an opportunity of this magnitude present itself, but here it is; the chance to unlock the potential of a historic Hudson Valley Estate offered at a remarkable price, one built by Gilded Age industry titan Colonel Oliver Hazard Payne. Colonel Payne was renowned as trusted advisor to John D. Rockeffeller; Civil War Veteran; entrepreneur; famed yachtsman; and especially as a philanthropist. He still holds the distinction of being one of the wealthiest individuals in American history. Payne originally purchased The Esopus Estate from John Jacob Astor. Construction commenced on the agricultural complex in 1911 but wasn't completed for another seven years due to the demands of the bluestone and slate construction as directed by Julian Burroughs, son of acclaimed author and naturalist John Burroughs. The Black Creek traverses this magical 153 acre pristine property, which holds endless possibilities to be reimagined. One envisions a hotel and/spa retreat; creative complex; conference center; residential complex; a return to its agricultural roots, or any combination thereof. Multiple buildings grace the property, each with distinctive stunning architectural features. Highlights include an enormous horse stable with clock tower; a bluestone dairy barn that served as a creamery; an impressive silo and the original farmhouse style caretakers cottage. The buildings have served multiple purposes over the last century, including housing a successful restaurant called “The Creamery," providing shelter for boys under the watchful eye of Eleanor Roosevelt; and recently acting as HQ for BDDW, the niche manufacturer of fine furniture. The Payne Estate is reportedly listed on the National Register of Historic Places. Historic tax credits may be available to assist in rehabilitating the buildings and property, which will be sold AS IS. The opportunity and value are here, what's your vision? The time has come for this magnificent property to come alive again.
Details
Contract Information
Listing Agreement: Exclusive Agency
Owner Name: Esopus Farms LLC
Owner Phone: 6463228568
Current Price: $1,500,000
Original List Price: 1499000
Sold Price: $1,500,000
Status: Closed
Listing Contract Date: 2021-02-12
Property Sub Type: Mixed Use
Location, Tax, and Legal
General Tax: 30000
School Tax: 90000
Tax Assessed Value: 2100000
Tax Legal Description: 110,4-31,1398 & 1466 Broadway/Rt 9W
Tax Lot: 110
Tax Block: 4-31
Zoning Description: Commercial
Directions: Entrance is ACROSS from the Marist gates.
General Property Information
Number Of Units Total: 0
Lot Size Acres: 153
Lot Size Dimensions: irr
Sign On Property YN: Yes
List Price/SqFt: 48.24
Sold Price/SqFt: 48.27
Living Area: 31075
Year Built: 1911
Remarks and Miscellaneous
Public Remarks: Rarely does an opportunity of this magnitude present itself, but here it is; the chance to unlock the potential of a historic Hudson Valley Estate offered at a remarkable price, one built by Gilded Age industry titan Colonel Oliver Hazard Payne. Colonel Payne was renowned as trusted advisor to John D. Rockeffeller; Civil War Veteran; entrepreneur; famed yachtsman; and especially as a philanthropist. He still holds the distinction of being one of the wealthiest individuals in American history. Payne originally purchased The Esopus Estate from John Jacob Astor. Construction commenced on the agricultural complex in 1911 but wasn't completed for another seven years due to the demands of the bluestone and slate construction as directed by Julian Burroughs, son of acclaimed author and naturalist John Burroughs. The Black Creek traverses this magical 153 acre pristine property, which holds endless possibilities to be reimagined. One envisions a hotel and/spa retreat; creative complex; conference center; residential complex; a return to its agricultural roots, or any combination thereof. Multiple buildings grace the property, each with distinctive stunning architectural features. Highlights include an enormous horse stable with clock tower; a bluestone dairy barn that served as a creamery; an impressive silo and the original farmhouse style caretakers cottage. The buildings have served multiple purposes over the last century, including housing a successful restaurant called “The Creamery," providing shelter for boys under the watchful eye of Eleanor Roosevelt; and recently acting as HQ for BDDW, the niche manufacturer of fine furniture. The Payne Estate is reportedly listed on the National Register of Historic Places. Historic tax credits may be available to assist in rehabilitating the buildings and property, which will be sold AS IS. The opportunity and value are here, what's your vision? The time has come for this magnificent property to come alive again.
Status Change Information
Status Change Timestamp: 2022-02-08
Buyer Financing: USDA
Concessions Amount: 0
Major Change Timestamp: 2022-02-08T01:19:53Z
Major Change Type: Status Change
Purchase Contract Date: 2021-12-06
Close Date: 2022-02-07
Close Price: 1500000
Book Information
Liber/Book: 5276
Page: 149
Section: 71.4
Documents Available
Survey: 1
Showing Information
Showing Instructions: Call LA
Historical Information
UC Public Historical Remarks: Age: 100-200
Location Tax and Legal
Street Number: 1398 & 1466
Street Name: Broadway/rt 9w
State: NY
Zip Code: 12429
Town (Taxable): Esopus
Property Features
Documents Available: Survey
Listing Courtesy of Compass Greater New York, LLC
Listing Agent: Christine Barker