The Catskill Farms founder moved from New York City to Narrowsburg in 2001 and noticed that the area lacked inspiring homes on the real estate market. “I saw a lot of young families buying distressed properties that needed far more rehabilitation than indicated by their life experience and their realtor,” he explains. “This tended to turn the whole rationale for buying an upstate retreat on its head. Instead of relaxing and kicking back, they were hiring hard-to-find contractors and managing a complicated, far-away construction project.” To Petersheim, that seemed all wrong. “An old home is always an old home, no matter how much lipstick you put on it.”
Expert Execution, Curated Location
Petersheim is picky about land, and it shows. Each plot is chosen based on price, location, construction readiness, broadband accessibility, neighborhood, the “feel” of the land and its flexibility for accommodating various house styles and sizes. “We are experts in land selection,” he says, “and we love pairing a nice piece of land with a modest new home. It’s what we do.” Just recently, Catskill Farms completed work on Barn 24, in the Ulster County hamlet of Kerhonkson, which is now on the market for $699,000.
The interior flows from one living space to another, with the dining room, living room and kitchen all sharing a common goal of communal living with adequate elbow-room. The clean modern interior transitions into and incorporates the surrounding land with large windows, oversized decks, and screened porches that offer views of the surrounding woods and mountain ranges. The house boasts high ceilings, salvaged and plank wood walls, and wide-plank floors. A full walk-out basement has been framed up for transformation into an additional living space, be it a media room, a separate bedroom suite, or just a large kids room with padded walls and floors.
Perhaps Barn 24’s greatest attribute, Petersheim explains, is that it exemplifies what Catskill Farms strives for in every home it builds. “The goal of the house is a single-minded focus on meeting the needs of the market, checking as many boxes as possible on a prospective homebuyer's list,” he says. "We try to build a house that suits the customer. While no house has everything, at least for our clients, we try to address as many of their priorities as possible.
With close to 200 homes, nearly 20 years, and $200 million of investment in the Catskills under his belt, it would seem Petersheim’s read on the market is spot-on. And since the rural migration pattern shows no signs of stopping, he’ll be at this game for a while.
Check out Barn 24 >>