22,522 Acres in Forestport, NY - $8,400,000

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 acres), (ii) John Brown (8,267 acres), and (iii) J.P. Lewis (10,903 acres). 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.