The Amsterdam Castle, located at 49 Florida Ave in Amsterdam, NY, is an iconic, historic former armory converted into a luxury boutique hotel and event destination. Listed on the National Register of Historic Places, the 36,000-square-foot property combines Gothic, Romanesque, and Moorish architecture. Property Description Structure & Design: Originally built in 1895 as an armory, the castle spans 36,000 sq. ft. on a 1.9-acre lot. It features dramatic towers, sweeping arches, turrets, 18-inch brick walls, and intricate interior woodwork. Accommodations: Includes 21–22 exquisitely designed guest rooms and suites with period decor and modern conveniences (free WiFi, air conditioning).Owner's Quarters: A multi-room, 5-bedroom private owner’s residence. Event & Common Spaces: Features a Grand Hall, a large 70' x 25' rooftop garden, and extensive event infrastructure. Commercial Infrastructure: Fully equipped commercial kitchen capable of producing 120 meals an hour, a commercial laundry facility, upgraded utilities (modernized 6-inch water service and electrical), and a whole-property backup generator. Market & Financial Analysis Asking Price: Currently on the market as an investment opportunity with an asking price ranging from $4.85 million. Hospitality Performance: The property functions as an established boutique hotel with strong historical occupancy rates averaging 75% to 80%.Revenue Streams: Diversified income via experiential tourism (leisure guests, weekend getaways, and history enthusiasts), special event bookings, and private rentals. Expansion Potential: The property holds significant revenue upside. Current room counts can be expanded to nearly 30 through minimal reconfiguration, and the large lot allows for the potential construction of adjacent hospitality buildings.
Location & Accessibility Location: 49 Florida Avenue, Amsterdam, NY. It is centrally positioned near major upstate New York transit corridors, including Interstate 90 and Route 30.Travel Access: Situated roughly 46 km (about 35 minutes) from Albany International Airport and an hour's drive from Saratoga Springs. Its strategic location draws destination travelers from NYC, the Hudson Valley, and the Adirondacks.