Lofty 8 Acres in Wawarsing

Offering Details

• The property, located in Wawarsing, NY, has been transferred by the owner into a new LLC, and tokens offered on the Lofty Marketplace represent direct ownership in the LLC.
• This property will be developed into a unique retreat featuring three short term rental stays plus recreational and agricultural facilities.
• Reggie will retain at least 10% ownership in the LLC indefinitely.
• Upon initiation rental income collection, investors will receive a projected Rental Yield of [Insert %].
• The LLC will pay for property maintenance, taxes, and operations.

Property Details

• 8-acre partially wooded lot situated in the Catskill Mountains, ideal for short-term rental, agricultural and recreational use.
• Proposed development includes a 2-bedroom cabin, a tiny house, a container trailer home, walking trails, recreational facilities including fitness equipment, sauna, jacuzzi, and ice bath, and agricultural facilities including a greenhouse for vegetable and mushroom farming.
• Property includes a gravel driveway, cleared land for the building site, wooded areas, and wetlands, including access to a shared pond.
• Neighboring properties in Wawarsing have experienced steady appreciation. Per market trends, rural properties in this area with agritourism appeal have a potential annual appreciation rate of [Insert %]. Comparables indicate strong rental demand and resale value.

More on the Seller

• The owner has been a real estate investor since 2021, participating in 5 transactions including a residential renovation and acquisition and disposition of vacant land.

Development Timeline

• Development and construction are expected to be completed within 12-18 months.
• Once operational, the property will feature sustainable farming systems alongside short-term rental stays, generating both rental income and produce sales.

View all due diligence documents

• Comparables
• Operating Agreement

Why Wawarsing, NY?

• Wawarsing’s natural beauty, accessibility to both NYC and local restaurants and attractions, and growing demand for rural retreats make it a prime location for this project. Nestled in the Catskill Mountains, it offers stunning scenery, proximity to hiking trails, and a peaceful atmosphere, attracting visitors from nearby urban areas. With the rise of eco-tourism and farm-to-table dining experiences, properties in this region are poised for strong rental demand and long-term appreciation. The town’s commitment to sustainable development further enhances its appeal as a location for agritourism ventures.