49 Florida AveAmsterdam, NY 12010

Property Details for 49 Florida Ave

Year built

1970

Lot size

1.90 AC

Property size (Sq ft)

22,539 SF

Zone code

03 - MULTI-FAMILY

Property type

Other commercial real estate

Property subtype

Showrooms

APN

270100 55.50-2-30

APU

2701005550230

Description

This exceptional mixed-use property in Amsterdam, NY, presents a unique investment opportunity. The centerpiece is the "Amsterdam Castle," a stunning property boasting 22 exquisitely designed rooms, each with a distinct ambiance. The castle also includes a luxurious 5-bedroom, 3-bathroom owner's residence with the potential for a 70ft x 25ft roof garden. A separate, cozy 1-bedroom guest residence provides additional accommodation. The property further comprises two additional fully furnished 4-bedroom houses, ideal for family or staff. Adding to the investment potential is a separate 20,000 square foot commercial building located off-site, suitable for use as a private event space or for lease generation. The property also includes three additional properties at 8 4th Ave, 5 Perkins St, and 3 Perkins St. The castle's ambiance is enhanced by a collection of over 200 art pieces, including original artworks, replicas, prints, and art effects, adding significant character and potential value. This remarkable estate offers a blend of residential luxury, commercial potential, and artistic richness, making it a truly exceptional investment.

• CAP approach

  CAP return

  Valuation

  6%

  $8,230,584

  6.5%

  $7,597,462

  7%

  $7,054,786

• Comparable approach

  Method

  Valuation

  Relative Method

  $7,471,147

  Geo Method

  $7,421,264

• Alternative Use

  Use

  Valuation

  Residential

  $6,408,744

  Hospitality

  $5,870,375

  Educational

  $4,884,083

  Medical

  $5,052,054

  Retail

  $7,597,462

Location Insight

City

Amsterdam

County

Montgomery

State

New York

Latitude

42.9329

Longitude

-74.1996

CBSA code

11220

CBSA name

AMSTERDAM, NY MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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