News

Pyramid’s Hudson Valley Office Sells Kutshers Resort and Country Club to Veria International


Date Posted: December 13, 2013

Monticello, Sullivan County, NY – On November 28, 2013, Steve Perfit, Senior Executive Director and Associate Real Estate Broker with the Hudson Valley office of Pyramid Brokerage Company closed on the sale of Kutshers Country Club and Resort on 1,325 acres and 21 parcels for $9 million.</p>

The purchaser, Veria International, is owned by billionaire Indian Media Mogul, Subhash Chandra, who intends to re-furbish and repurpose the resort and adjacent properties into a world class health and wellness center. The total project cost will be in excess of $90 million. Assisting Perfit, and working with the buyer, was Real Estate Salesperson Lynn Keller also with Pyramid’s Hudson Valley office in Newburgh, New York.</p>

As an inducement for the sale, the Sullivan County Industrial Development Agency provided an attractive incentive package, which included partial real estate tax abatements through a 20 year PILOT and sales tax abatement.

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