Northeast7.8% avg cap rate

Catskills, NY

NYC's mountain escape — design-forward Hudson Valley STR boom

The Catskills have undergone one of the most dramatic STR market transformations in the US over the past five years. Remote workers, Brooklyn creatives, and design-forward travelers have flooded the region, driving a renovation wave that has created some of the most Instagram-worthy STR listings in the country. Two-hour drive from NYC, with Woodstock, Kingston, and Rhinebeck as cultural anchors.

7.8%
Avg Cap Rate
Net operating income / price
63%
Avg Occupancy
Annual average
$315
Avg Nightly Rate
All property types
$385K
Median Price
STR-viable properties

Estimated Annual Performance

Gross rental revenue
63% occ × $315/night
$72,434
Est. operating expenses
Mgmt, cleaning, supplies, insurance (~40%)
– $28,974
Est. net operating income
Before mortgage & depreciation
$43,460
At median price
Implied cap rate
11.3%

* Estimates based on market averages. Individual property performance varies. Always run a full underwriting analysis.

Why Investors Choose Catskills

2-hour drive from NYC — consistent weekend demand year-round
Design-forward renovation market — unique properties earn 3× standard comp
Woodstock, Kingston, Rhinebeck cultural corridors drive arts tourism
Sullivan County and Ulster County offer meaningfully different price points
Peak season: Year-round (peaks: fall foliage, summer, holiday weeks)
Top property types: Farmhouse, Cabin, A-Frame, Cottage, Single Family
Primary zip: 12401, 12498, 12484, 12754, 12776

Market averages, not guarantees. Cap rates, occupancy, and nightly rates are market-wide averages based on active STR listings and historical data. Individual property performance depends on location, amenities, management, and listing quality. Always run a full underwriting analysis before purchasing.

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