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1365 Forestburgh Road
About This Property
Located in Glens Spey, New York, near the Delaware River, this thoughtfully designed three-bedroom, three-and-a-half-bath home is equally suited as a full-time residence, weekend retreat, or income-producing vacation rental. The area's strong tourism market, outdoor recreation, and proximity to New York City have made it a sought-after destination for short-term rental guests seeking an authentic Catskills experience. The home's chalet-inspired design combines modern construction with warm mountain character. A dramatic great room with soaring ceilings, oversized windows, and a floor-to-ceiling fireplace creates a welcoming gathering space while framing the surrounding natural beauty. Sunlight pours into the open-concept living area, bringing the outdoors in throughout every season. Designed with both comfort and entertaining in mind, the home features multiple en-suite bedrooms, offering privacy and flexibility for guests, remote work, or multi-generational living. The kitchen flows seamlessly into the main living space and is complemented by a built-in coffee bar and wine station with a wine cooler, creating the perfect setting for quiet mornings and memorable evenings. Outside, enjoy the peace and beauty that have drawn visitors to the Upper Delaware region for generations. Hiking, fishing, kayaking, eagle watching, and river adventures are all nearby, while charming river towns, local restaurants, farmers' markets, and cultural attractions are just a short drive away. Whether you're searching for a move-in-ready Catskills getaway, a low-maintenance modern home near NYC, or a property with vacation rental potential, this exceptional chalet delivers the lifestyle buyers dream about when they imagine escaping to the mountains.
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 19, 2026 | No longer available | - | |
| No longer available | |||
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Aug 22, 2026 | Price Decreased |
$599,000
↓ $51K
(7.9%) | |
| Price Decreased | |||
| Jul 21, 2026 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| May 11, 2026 | Listed by Century 21 Geba Realty | $675,000 | |
| Listed by Century 21 Geba Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017