33 Cuomos Cv 5 Unité Immeuble d’appartements 3 418 074 $ CAD (683 615 $ CAD/Unité) 9% Taux de capitalisation Windham, NY 12496

Property Overview
Rare opportunity to acquire a fully renovated, income-producing luxury short-term rental property in the heart of the Catskill Mountains. Located at 33 Cuomos Cove Road in Windham, New York, this five-unit boutique property sits on 2.7 acres in Greene County and delivers proven, institutional-quality cash flow in one of the Northeast’s premier four-season resort markets.
The building underwent a complete gut renovation in 2023, transforming it into a modern, design-forward hospitality asset with premium finishes throughout. Each of the five distinctively named suites—the Jefferson, Hamilton, Washington, Franklin, and Madison—offers a curated guest experience that commands top-of-market nightly rates and drives repeat bookings year-round. All the units in the building can also be connected via an internal hallway, currently used by staff, to create a single massive chalet for group bookings or family compound.
Financial Highlights
The property generates approximately $335,000 in gross annual revenue with roughly $110,000 in total operating expenses, producing a net operating income of approximately $225,000. With a proven operating history and strong demand fundamentals driven by proximity to Windham Mountain Resort, this asset offers an attractive yield profile for investors seeking passive, cash-flowing hospitality real estate.
Unit Mix & Configuration
The property comprises five individually appointed suites totaling 5,100 square feet across two stories, offering a diversified unit mix that captures demand across multiple guest segments:
The Franklin — 2 Bedrooms / 2 Bathrooms | Full Kitchen | Private Deck with Hot Tub
The Washington — 2 Bedrooms / 2 Bathrooms | Private Deck with Hot Tub
The Jefferson — 1 Bedroom / 1 Bathroom | Full Kitchen | Private Deck with Hot Tub
The Madison — 1 Bedroom / 1 Bathroom | Full Kitchen | Private Deck with Hot Tub
The Hamilton — Studio | 2 full beds
Four of the five suites feature full kitchens and private decks with hot tubs, delivering the elevated amenity package that today’s short-term rental guests demand and are willing to pay a premium for.
Property & Location Highlights
Built in 1986 and completely gut-renovated in 2023, the property benefits from modern mechanical systems, updated plumbing and electrical, and contemporary interior finishes while maintaining the architectural character that guests seek in a mountain retreat. The 2.7-acre parcel provides ample privacy and a serene natural setting, with mature landscaping framing the property.
Windham, New York is a premier four-season destination located less than 2.5 hours from New York City, offering direct access to Windham Mountain Resort for skiing, mountain biking, and year-round recreation. The region has experienced significant growth in short-term rental demand, driven by the post-pandemic shift toward experiential travel and nature-based getaways. Greene County’s tourism economy continues to expand, creating favorable tailwinds for well-positioned hospitality assets.
Investment Thesis
This property represents a compelling acquisition for an investor or operator seeking a stabilized, cash-flowing hospitality asset with immediate income and potential for further optimization. The 2023 gut renovation eliminates near-term capital expenditure risk, while the diversified five-unit configuration provides income resilience and operational flexibility. The property’s strong revenue performance validates its premium market positioning, and an experienced operator may identify additional upside through ancillary revenue streams not currently offered and further upgrades.