Historic Boutique Hotel and Event
For Sale
Contact for pricing
49 FLORIDA AVE, Amsterdam, NY 12010
Historic boutique hotel with approximately 22 guest rooms, a select-hours restaurant, and event-ready terrace space.
Property Size22,539 SF
Price / SF$170.82
Days on Market115
Property Features for 49 FLORIDA AVE
General Information
Standard status
Active
Size
22,539 SF
Class
A
Property subtype
Hospitality
Occupancy
80%
Additional Details
Business Included
Yes
Building Details
Year Built
1970
Stories
2
Units
1
Listing Agency:
The Agency
Listed By:
Bryan Lanza · License #NY 10401287317
(914) 262-2598
Source:
Crexi
Added: May 16
Changed: Aug 26
Last Checked: Sep 7 at 8:59AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency
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
Property Profile
Current Use
Lease Details
80%
Occupancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 12010, NY
28,845
Population
13,436
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
89%
High-School Grad
128.3 sq mi
ZIP Area
225
Density / Sq Mi
$60,013
Median Household Income
$40,664
Median Earnings
$952
Median Rent
$161,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
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 $3,850,000.
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
