Upstate New York Film Production Studio Up for Auction

Upstate New York Film Production Studio Up for Auction
Upstate New York Film Production Studio Up for Auction

**Upstate NY Film Production Studio Goes on Auction Block**

Paramount Realty USA, in collaboration with listing agents Atelier and Open Impact Real Estate, has announced that “The Lumberyard,” a 20,208-square-foot NYS Qualified Production Facility with a 1.06-acre waterfront development site in downtown Catskill, NY, will be auctioned to the highest bidder on Thursday, March 20.

Originally listed for sale in 2023 for $11.5 million, the property is now available via auction with a reserve price of $6.35 million, marking a 45% reduction. This auction follows Governor Kathy Hochul’s announcement that the Village of Catskill has been awarded a $10 million grant under the Downtown Revitalization Initiative, aimed at improving local downtowns and funding projects that benefit the community.

“Over the past decade, New York State’s attractive film tax credits have led to the creation of remarkable new film and production facilities like The Lumberyard outside New York City, offering film studios, local filmmakers, and production companies a top-tier location to shoot,” said co-listing broker Alex Smith, Senior Vice President of Open Impact Real Estate.

About the Publisher:
Steve Griffin is based in sunny Palm Harbor, Florida. He’s an accountant by profession and the owner of GRIFFIN Tax and REVVED Up Accounting. In addition, Steve founded Madison Avenue Technology. With a strong passion for commercial real estate, he’s also dedicated to keeping you up to date with the latest industry news.

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