**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.
