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Property profile & analytics
FOR SALE
Showrooms

49 Florida Ave Amsterdam, NY 12010-5708

22,539 SF 1.9 ac lot Built 1970
Entity Owned 12-yr Hold Free & Clear
Property ID
US63-6284273
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1970
Total area 22,539 SF
Lot 1.9 ac (82,764 SF)
Zoning code 03 - MULTI-FAMILY
APN 270100 55.50-2-30
UPID US63-6284273
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Amsterdam Castle NY Inc. Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.41M
Blend (final) Blend
$540k
Owner & transaction history
Amsterdam Castle Ny INC · 12 yrs held
Amsterdam Castle Ny INC
since 2013
3 recorded transactions
2013
Price N/A
2013
$825,000
2005
$800,000
Zoning & alternative use
03 - MULTI-FAMILY · Amsterdam, NY
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source CITY
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