Hi my name is Rudy Younger and I am the owner of Brookhill 35, which is a beautiful 2 bedroom condo at the Whiteface Club and Resort in Lake Placid, NY. I have decided to sell it, privately for now, and am a licensed NY state real estate broker and own a vacation rental company. My goal is to sell it sometime in 2025, though I'm not in a hurry, but the sooner the better. I have owned it since 2008 and will be semi retiring at the end of 2025 and then traveling more and less up to the ADKs.
My condo has two bedrooms, two full bathrooms, walk in/out (no steps), ADK decor throughout and with great views, private parking and comes fully furnished. It is at the resort and a short walk down to the waterfront, with a small swimming beach, golf course, marina and 2 restaurants on site, hiking trails galore plus you can walk to everything...
My operating costs were $41,000 for 2024 with yearly rental revenues of $43,000 this year, $51,000 in 2023 and $57,000 in 2022. As far as investing in a rental property, it is very difficult to get a new place "up and running", rental wise, as there are no reviews or repeat guests, so those rather complex AirBNB / VRBO algorithms put them at the bottom of their searches, until you make them more money, which can take years. What is very unique about my condo is it's long 16 year rental history and that I "could" continue on as it's rental manager for you - if desired, and which has great value! It would be turn key, rental wise and would come as is, fully furnished. Staffing: I could be the rental agent, Joyce is the housekeeper and Peter our caretaker, so our expert team is already in place.
My proposal: I could continue to manage the condo - if you would like - and for several years. So it would be a very seamless transfer, with a very mature 16 year history, lots of repeat guests and many many reviews. On VRBO I have 66 reviews and a perfect 10.0 rating and on AirBNB it has 24 reviews with a 4.88 rating, plus I am a Super Host with them. Next Steps: if you or anyone else is interested, the next step would be having a conference call discussion. I can make a PowerPoint presentation to go over everything with you then. If that goes well and you / they are still interested, I would meet you there, show you the condo and walk you around the resort, etc...
Operating Costs: I have a very detailed spreadsheet , as needed, which shows my condos "exact" operating costs. References: again as needed, as I have many clients / owners plus several local brokers, who know me well and would be very happy to provide an excellent reference for me. Rental spreadsheet: I have owned Brookhill 35 since 2008, with about 600 sets of guests through, and another 5000 or so at my other properties I've managed. I have another very detailed spreadsheet which shows all of these past guests. Thank you and let's talk, if you are interested - cheers, Rudy!
A Matterport Tour: https://my.matterport.com/show/?m=jnSYRRbj46A&play=1&ss=3&sr=-1.57,1.47
* As for my pricing, there are two very similar condos for sale at the resort now - at Lakeside below mine! One for $689,000 and the other $695,000. BUT neither of them comes with a highly established rental business in place and for 16 years like mine. I estimate that value is in the $50,000 range alone, including my potential services. My condo would also come 100% furnished and turn key, which I estimate has a value of another $25,000 or so.
