CCertihomes
107 Adler Avenue, Sharon, NY 13459

$140,000

0 beds 0 baths 61,102 sqft Built 1929212 days on marketActive

About this home

For Sale: The Historic Adler Hotel – Sharon Springs, NY Discover the charm and potential of the Adler Hotel, a stunning piece of Sharon Springs history waiting to be revitalized. Built in 1927, this grand structure once served as a luxurious retreat for travelers visiting the renowned mineral springs that made the town famous. History and Significance The Adler Hotel was one of the largest and most elegant accommodations in Sharon Springs during its heyday. It catered to visitors from all over the world, drawn by the area's healing waters and serene countryside. With its Art Deco-inspired architecture, spacious interiors, and commanding presence atop a hill overlooking the village, the Adler became a landmark of sophistication and leisure. As the spa culture evolved and tourism trends shifted, the Adler fell into decline, but its legacy as a symbol of early 20th-century opulence remains intact. The Property The hotel is situated on a sprawling lot that offers stunning views of the village and surrounding countryside. Its impressive facade and grand interior spaces evoke the glamour of a bygone era. While the building requires extensive updates and repairs, it retains many of its original architectural details, including: High ceilings and large windows that fill the space with natural light. Elegant staircases and spacious common areas perfect for restoration. Period-specific design elements that reflect its historic character. With over 61, 000 square feet of space, the Adler provides endless possibilities for creative redevelopment, whether as a boutique hotel, event venue, apartments, or a combination of uses. Your Opportunity This is a rare chance to own a piece of history and play a role in the revitalization of Sharon Springs. Bring your vision and creativity to transform the Adler Hotel into a modern masterpiece that honors its storied past. Note: The property is sold as-is. Interested buyers should be prepared to invest in significant restoration and renovations. Unlock the potential of this historic gem and be part of its next chapter!

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrFixed at 7.15% APR.

Your estimated payment
$18,083/mo

Real estate (PITI + HOA + PMI)
$3,978
Principal + interest$898
Property tax + insurance$3,027
PMI / 2nd mortgage$53
Utilities
$28,133
Heating + cooling$13,917
Internet + TV + phone$133
Water + sewer + garbage$58
Transportation
$0
Other (entertainment)
$133
$18,083/mo TLC
Budget$18,583/mo
Remaining after TLC$500/mo
Purchase price
$140,000
Down payment
$7,000 (5%)
Loan amount
$133,000
APR
7.15%

Quick facts

Type
Commercial
Style
Year built
1929
Lot size
4.38 ac
Stories
5
Heating
Other, SeeRemarks, None
Cooling
Other, SeeRemarks
Water
HOA
Annual tax
$3,782
MLS #
R1584274
County
Schoharie

Home features

Parking
OtherSeeRemarks
Flooring
Other, SeeRemarks
Roof
Asphalt

Lot features

Rectangular, RectangularLot

Neighborhood — 13459

MetricThis ZIPCountyUSA
Population1,18419,351,094299,088,112
Population Change Since1990-3.00%8.00%20.00%
Population Density24395
Male5779,381,926147,432,321
Female6079,969,168151,655,844
Never Married2254,946,39163,775,926
Married4977,166,701123,120,365
Separated551,159,67312,639,686
Widowed941,110,24515,467,586
Divorced931,210,44823,075,029
Number Of House Hold4097,102,016111,826,380
Average House Hold Size2.752.642.60
Medial Age38.3936.5335.46
Median House Hold Income$40,624$49,847$48,276
Average House Hold Income$53,591$70,032$63,629
P C I$19,705$26,569$24,529
M D I$35,226$42,210$41,133
A T H E$45,838$54,185$50,898
S T R8.00%4.00%
W C J87.27%81.55%77.74%
(Zip) Code
13459

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

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Listing information last refreshed 1/13/2025. Provided courtesy of Howard Hanna via Buffalo MLS. Information deemed reliable but not guaranteed.

107 Adler Avenue · Sharon — $140,000 · Certihomes