37 E Market StreetHyde Park, NY 12538Sale Price: $230,000

Industrial Brooklyn meets the Hudson Valley. Once the vital water source for the Town of Hyde Park, the Waterhouse at Crum Elbow drew its supply from the pristine and historic Crum Elbow Creek from 1940 to 1994. The creek ultimately meets its tributary along the grounds of the Vanderbilt Estate before joining the Hudson River. When demand eventually outgrew what the plant and supplemental wells could supply, the town transitioned to a new facility - leaving this remarkable building ready to be reimagined. The Phase I Environmental, completed in 1998 (four years after decommissioning,) is available with green light results. The approach is striking: a driveway flanked by dramatic natural rock outcroppings that set the tone for the landscape beyond. The Crum Elbow flows gently behind the structures, bordered by an elevated embankment etched with more stone formations. The terrain creates a rugged yet serene setting - layers of stone, water, and elevation - visible from windows throughout, offering a rare blend of industrial character and natural artistry. Three structures anchor the property: the original 1940 brick and timber Waterhouse, a detached masonry garage (historically considered a two-car,) and a steel tank structure, added in 1970. Best use is entirely in the eye of the beholder. The Waterhouse is serviced by three-phase electric and lies within Neighborhood zoning; documents attached include zoning code and home-occupation definitions. Along with residential use, possibilities may include a recording studio, art studio, or other creative or professional pursuits. The expansive two-story tank room overlooks the on-site waterfall, and a quote for steel removal is included in documents. Towering windows frame idyllic views of the creek and stone outcroppings. Ceiling heights soar, reaching approximately 24 feet in the tank room, inviting the potential for a dramatic architectural potential, including two-story design. Municipal water is available with application approval. A property with soul, history, and exceptional potential - The Waterhouse at Crum Elbow is ready for its next steward to create something extraordinary. Do you see what I see? Video tour, floor plans and documentation available. Please note: the property spans two segments with a portion located across the street at 16 Church St. Cameras on site. Scheduled appointments only. Proof of funds required for appointment confirmation at the owner's request. For those with an affinity for historic - an opportunity to take on an interesting and rewarding project as a residence, inspired space or investment.