147 Log City Rd

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147 Log City Rd

Amsterdam, NY 12010
Asking Price
$2.80M
Asset Type
Commercial Land
Class
Class B

What's Special

Log City Village Phase III | 256-Unit PUD | Senior + Market-Rate | $2.8M | Call for Offers <p>256-unit PUD approval in place — entitlement risk fully eliminated</p><p>Newmark (March 2026) confirms 130 senior + 84 market-rate units at 9–10% capture</p><p>~$13,333/door — aligned with developer residual land value underwriting</p><p>Eco Flats Phase I (168 units) leasing adjacent — proof of concept in place</p><p>All utilities at road | FEMA Zone X | ~895 LF Route 30 frontage</p><p>IDA PILOT eligible | HUD MAP and agency financing eligible (senior program)</p><p>30–45 day call for offers

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NOI
$80,000
Cap Rate
2.86%
DSCR
0.48
Underwater
Cash-on-Cash
-10.27%
Monthly Payment
$13,852.872
Annual Cash Flow
$-86,234.467

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