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    5 Phillips St Amsterdam, NY 12010
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    5 Phillips St, Amsterdam, NY 12010

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    • Residential income homes
    Off-Market
    Property ID
    US63-1728564
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 5 Phillips St

    Property type
    Residential income homes

    Description

    This exceptional investment opportunity presents a stabilized, 16-unit single-family rental portfolio located in Amsterdam, NY. Comprising eight buildings, this portfolio boasts a remarkable 100% occupancy rate and a substantial net operating income (NOI) of $219,000, translating to a compelling 10% capitalization rate. The portfolio's asking price is $2,200,000, with each unit priced at $137,500. All units underwent complete renovations in 2023, eliminating the need for immediate capital expenditures. The properties are strategically situated across multiple addresses within the 12010 zip code of Amsterdam, New York, offering a diversified investment with consistent cash flow. This turnkey investment is ideal for those seeking immediate returns and a strong, stable income stream. The portfolio's eight buildings range in size from one-family to four-family units, providing a diverse mix of rental options. This is a rare opportunity to acquire a fully occupied, recently renovated multifamily portfolio in a desirable location with significant upside potential. The properties are conveniently located in Amsterdam, NY, offering easy access to local amenities and transportation. This portfolio represents a secure and profitable investment opportunity with excellent long-term growth prospects.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Amsterdam
    County
    Montgomery
    State
    New York
    Longitude
    -74.2005919
    Latitude
    42.9482912

    Comparable in this City

    • $91,000
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      Well-Maintained Multifamily Property with Garage

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      Meticulously Maintained Historic Residence

      Cherished historic home with original details and rare double lot.
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    • $229,900
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      Well-Maintained Two-Family Home

      Two-family home with recent upgrades in up-and-coming location.
      233-235 Grand St, Amsterdam, NY 12010
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      Amsterdam Duplex: Investor or Owner

      Duplex in Amsterdam, perfect for investors or owner-occupiers.
      3 Henrietta St, Amsterdam, NY 12010
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    • $69,000
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      Amsterdam Multi-Unit Renovation Opportunity

      Multi-unit property in Amsterdam, NY, with renovation potential.
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    • $180,000
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      Remodeled Two-Unit Amsterdam Property

      Fully remodeled, move-in ready two-unit property in Amsterdam, NY.
      24 Slater St, Amsterdam, NY 12010
      View Details

    Similar Nearby for Sale

    • $91,000
      Pending

      Well-Maintained Multifamily Property with Garage

      Multifamily property with off-street parking and a two-bay garage.
      32 Milton Ave, Amsterdam, NY 12010
      View Details
    • $230,000
      Pending

      Meticulously Maintained Historic Residence

      Cherished historic home with original details and rare double lot.
      357 Division St, Amsterdam, NY 12010
      View Details
    • $229,900
      1,656 SF

      Well-Maintained Two-Family Home

      Two-family home with recent upgrades in up-and-coming location.
      233-235 Grand St, Amsterdam, NY 12010
      View Details
    • $160,000
      2,856 SF

      Amsterdam Duplex: Investor or Owner

      Duplex in Amsterdam, perfect for investors or owner-occupiers.
      3 Henrietta St, Amsterdam, NY 12010
      View Details
    • $69,000
      2,148 SF

      Amsterdam Multi-Unit Renovation Opportunity

      Multi-unit property in Amsterdam, NY, with renovation potential.
      20 Voorhees St, Amsterdam, NY 12010
      View Details
    • $180,000
      Pending

      Remodeled Two-Unit Amsterdam Property

      Fully remodeled, move-in ready two-unit property in Amsterdam, NY.
      24 Slater St, Amsterdam, NY 12010
      View Details

    Similar Nearby for Lease

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      2,568 SF

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      Amsterdam Retail Space Available

      Retail space available for lease in Amsterdam, New York.
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      Renovated Office Suites Available

      Newly renovated office suites with flexible options and included utilities.
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    • $6 SF/Yr

      The Park #10

      5,000 - 200,000 SF of Industrial Space Available in Amsterdam, NY 12010
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      1,546 SF

      Renovated Office Building on Route 30

      Recently renovated office building on a busy corridor.
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    • Contact for pricing
      1,200 SF

      Retail Space in Amsterdam Plaza

      Retail space available in a busy shopping plaza.
      141 Sanford Farms, Amsterdam, NY 12010
      View Details
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    Amsterdam, NY 12010
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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