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North Lake Forest
€7,096,317
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Property description
North Lake Forest consists of three tracts of timberland totaling 22,522 acres +/- situated on the western edge of the Adirondacks around Old Forge, New York.The property includes three separate but proximate tracts: (i) Three Lakes (3,352 ac +/-), (ii) John Brown (8,267 ac +/-) and (iii) J.P. Lewis (10,903 ac +/-).Each of the tracts have their own unique attributes and characteristics that combine to provide an attractive timber investment with additive conservation and recreation values.North Lake offers a professionally managed timber resource with good site quality and excellent regeneration. Recent improvements to internal roads and bridges provide for a turnkey investment.The forest offers a hardwood-dominant resource of red maple, sugar maple and yellow birch. Softwood and mixed wood stand types add diversity, providing substantial red spruce volume.A year-end 2020 timber estimate shows 3.9 mbf sawtimber and 15.6 cords pulpwood per forested acre.A conservation easement covers a portion of the acreage and encourages ongoing forest management, recreation and conservation uses.Private recreational leasing generates meaningful non-timber income. Moose River, North Lake and a variety of smaller ponds and streams offer attractive water resources.The property is not currently enrolled in New Yorks 480(a) tax program.
null North Lake Road, Forestport, New York, United States
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