Property profile

50 Willow St Amsterdam, NY 12010

OFF-MARKET
Manufacturing properties
Property ID
US63-4698780
150,000 SF 1.4 ac lot Built 1960
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional owner-user opportunity presents two Class C industrial warehouse buildings totaling 395,960 square feet situated on a 1.3-acre lot in Amsterdam, NY. Building A offers approximately 168,960 square feet, while Building B comprises approximately 227,000 square feet. Each building features six stories, with varying ceiling heights ranging from 17 to 22 feet. Building A includes 8 loading docks and 1 drive-in door, while Building B has 4 loading docks and 1 drive-in door. Both buildings boast 12 dock-high doors in total. There are 2 freight elevators in each building. Five floors of Building A and three floors of Building B are currently occupied, presenting potential for expansion or lease income. The property includes approximately 75 parking spaces, a sprinkler system, gas, and has a floor load capacity of approximately 250 lbs per square foot. The asking price is $3,750,000, with the option to purchase each building individually for $1,875,000. Conveniently located with easy access to I-90 and the Amsterdam Amtrak train station, this property offers significant potential for a variety of industrial uses. Annual property taxes are approximately $17,000. Built in 1960.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1960
Total area 150,000 SF
Lot 1.4 ac (60,984 SF)
Zoning code 06 - INDUSTRIAL
APN 270100 55.8-1-15
UPID US63-4698780

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Warehouse & Storage
  • Industrial Manufacturer Production Facility
  • Real Estate Agency

Location

50 Willow St Amsterdam, NY 12010-4219
Amsterdam metro Census 70600 AMSTERDAM, NY MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$540k
CAP Approach CAP
by Request
Comparable Approach Comparable
$959k
Blend (final) Blend
$750k

Owner & transaction history

since 2011
1 recorded transaction
2011
$375,000

Zoning & alternative use

06 - INDUSTRIAL · Amsterdam, NY

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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