0 Wheeler Hollow, Hancock, NY 13783

Wheeler Hollow 260 Acres

Wheeler Hollow is a vast tract of forestland ideal for hunting, investment or simple recreation. Located in Upstate NY, it is comprised of mostly hardwood trees with some stands of softwoods. It is located on a right-of-way private 4wd road and there is no electric here. It gets its name from the creek that runs down through the middle of the property, drawing wildlife to and through the land. This game filled property includes white-tail deer, turkey, partridge, squirrel, fox, coyote, bear and bobcat. Various types of Oak trees provide adequate mast for deer, with many White Oaks, which deer love. ATV and jeep trails exist throughout. If you want to build an off-grid cabin, there are decent spots with potential views. As an Investment- This is what the big investors do, such as J.P. Morgan: "Investing in core timberland can bring a variety of benefits to investors' portfolios, including managing inflation risk, a regular income, and enhanced diversification, while also capturing carbon and generating verified carbon assets (VCAs)". But by buying timberland yourself and not joining an investment fund, you get the use and enjoyment from the tangible asset itself. This property is enrolled in the NY State 480-a program. Also known as the "forest tax law", this is a program designed to manage timber growth for "sustained yield". Additionally, enrollment in the program slashes your property taxes significantly. Many folks acquire timberland such as this to add to their investment portfolio or if they are selling another investment property, in order to defer Capital Gains taxes in a 1031 tax-deferred exchange. If you have an investment property that you are currently in the process of selling, talk to us. Investing in timberland could be a way to literally 'watch your money grow'. A commercial harvest of part of the property is scheduled for 2026-2027, which should yield immediate income to the landowner. A hunting lease is also a potential annual income source and this property comes with all Oil, Gas and Mineral rights. Several older Bluestone quarries are throughout the land, too. This is not investment advice, nor may this land be a good investment for you, but here is a possibility to consider. Whether you are a user or investor, consider this large chunk of forestland for yourself.