Historic Boutique Hotel and Event
49 FLORIDA AVE Amsterdam, NY 12010
49 FLORIDA AVE, Amsterdam, NY, 12010
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For Sale
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Historic boutique hotel with approximately 22 guest rooms, a select-hours restaurant, and event-ready terrace space.
Property Size22,539 SF
Price / SF$215.18
Days on Market69
Property Features for 49 FLORIDA AVE
General Information
- Standard status
- Active
- Size
- 22,539 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1970
Listing agency
Christie's International Real Estate
(914) 262-2598
Listed by
Bryan Lanza · License #NY 10401287317
Source
Crexi
Added: May 16 Updated: Jul 22 at 6:41PM Checked: Jul 22 at 6:41PM
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Investment Insights
Based on property information with market context.
Amsterdam Castle is a historic boutique hotel and event destination with approximately 22 guest rooms, with potential to expand to nearly 30 rooms through minimal reconfiguration. The owners currently occupy several bedrooms and also operate additional on-site residential rentals, which will be delivered vacant at sale. Ownership is willing to assist during a transition period, and the operations manager and head of maintenance have expressed interest in remaining to support continuity.
The property includes a restaurant and commercial kitchen that primarily serve hotel guests and are open select evenings, with additional room for expanding public dining and events such as weddings and special functions. The second-floor terrace is approximately 70 feet by 25 feet and overlooks Amsterdam, providing an event setting for receptions and upscale gatherings. Reported performance includes gross annual revenues of approximately $800,000 to $1,000,000 and average annual room occupancy of roughly 75% to 80%.
Ownership has completed infrastructure upgrades to support future scalability, including a main water service line upgrade to 6-inch service and modernization of the electrical infrastructure. Amsterdam Castle is positioned within driving distance of New York City, Albany, Saratoga Springs, the Hudson Valley, and the Adirondacks.
The property includes a restaurant and commercial kitchen that primarily serve hotel guests and are open select evenings, with additional room for expanding public dining and events such as weddings and special functions. The second-floor terrace is approximately 70 feet by 25 feet and overlooks Amsterdam, providing an event setting for receptions and upscale gatherings. Reported performance includes gross annual revenues of approximately $800,000 to $1,000,000 and average annual room occupancy of roughly 75% to 80%.
Ownership has completed infrastructure upgrades to support future scalability, including a main water service line upgrade to 6-inch service and modernization of the electrical infrastructure. Amsterdam Castle is positioned within driving distance of New York City, Albany, Saratoga Springs, the Hudson Valley, and the Adirondacks.
Key Highlights
- Historic boutique hotel and event destination built in 1970 at 49 Florida Avenue in Amsterdam, NY
- Approximately 22 guest rooms, with potential to expand to nearly 30 rooms through minimal reconfiguration
- Gross annual revenues approximately $800,000 to $1,000,000 with average occupancy of 75% to 80% annually
Property Analytics
Location Intelligence
Current Use by Public Records
Amsterdam Castle NY ...
Hotel & Motel
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FAQs
What type of property is this?
Hotel - Historic boutique hotel with approximately 22 guest rooms, a select-hours restaurant, and event-ready terrace space.
Where is this hotel located?
The property is located at 49 FLORIDA AVE Amsterdam, NY.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Historic boutique hotel and event destination built in 1970 at 49 Florida Avenue in Amsterdam, NY; Approximately 22 guest rooms, with potential to expand to nearly 30 rooms through minimal reconfiguration; Gross annual revenues approximately $800,000 to $1,000,000 with average occupancy of 75% to 80% annually
