The highest cascading waterfall in New York State – Kaaterskill Falls. Dropping in two tiers over 260 feet, Kaaterskill Falls has been one of the region's most popular destinations for centuries. The Kaaterskill Falls hiking trail is accessed via I-87 Exit 21. Located on Rt. 23A west of Palenville, you will find the trailhead about three miles west of the village. From a small parking area on the south side of Route 23A, the moderate, 1.4 miles round-trip trek winds up a well-traveled path offering views of nearby Bastian Falls. A Path Through History attraction.