Total existing-home sales—completed transactions that include single-family homes, townhomes, condominiums and co-ops—rose 3.1% from December to a seasonally adjusted annual rate of 4.00 million in January.
Historic Estate in Rockland County Sells for $11M; New Owner Plans to Open State-of-the-Art Hotel/Spa in 2024
SLOATSBURG— Rand Commercial Realty reported on Aug. 11 that it had brokered the sale of “Table Rock,” an estate once owned by the family of Alexander Hamilton in Sloatsburg for $11 million.
Paul Adler, Esq., SIOR, Chief Strategy Officer for Rand Commercial, said the transaction closed on Aug. 10. The property at 150 Sister Servants Lane in Sloatsburg features 52 rooms, most with fireplaces, on more than 40 acres was most recently the home/convent to St. Mary’s Villa Retreat.
Donna Licata of Rand Commercial represented the seller, while Tuxedo Hudson Realty represented the buyer. The property, built for the great-grandson of Alexander Hamilton, will be redeveloped into a state-of-the-art spa by The Ranch, a luxury health and wellness brand based in Malibu, CA, the owner/operator of The Ranch in Malibu.
The Sisters Servants of Mary Immaculate, a Byzantine Catholic order, purchased about 260 acres of the estate in 1941, with St. Mary’s Villa Retreat House located in the main house and St. Joseph’s Adult Care Home in converted stables, according to a report in the Journal News.
The Ranch’s intentions to expand into New York made news in August 2022 when it stated it would open “The Ranch Hudson Valley” by the summer of 2023. Although the announcement did not reveal a specific location, The Ranch stated that the new spa/hotel will be located near Tuxedo Park. Now, the company’s website said operations at The Ranch Hudson Valley will commence by March 2024.
The Ranch Hudson Valley will offer three-day and f0ur-day wellness programs of varying intensities.
Alex Glasscock, Founder and CEO of The Ranch, said when first announcing its intent to open a facility in Rockland County: “We are thrilled to be expanding to the East Coast! The Ranch Hudson Valley is ideally situated less than an hour from New York City, Connecticut and New Jersey. We wanted to respect and satisfy the ongoing demand from our East Coast guests to open a property closer to them. Given its idyllic location, we also hope it becomes the perfect destination for corporate groups looking to integrate a more health-minded approach to their offsite retreats, meetings and incentive travel programs.”