New York | Amsterdam | 82 Residential Lots

Eastern Montgomery County. This 82 acre tract should ring some bells for someone – as it adjoins I 90 and is only 1/2 hour from Albany. Seventy acres can be cropped. The majority of this is currently in corn. Huge fields, in a good state of cultivation. In the immediate area, there is a mixture of well-kept middle class homes, a few farms, and, across the highway, commercial development. The property is zoned agriculturally (homes permitted) but it adjoins C2 zoning, so the potential for this is here. A rising tide floats all boats, so that would enhance the value of the subject property. Its long frontage on I 90 (2190’) gives it excellent visibility from the highway. Access is gained from the 890’ of frontage on a side road.

There is a dug well, the use of which is shared by a nearby home. Owned electric poles go across the property, giving you a choice of home sites without bringing electric in from the road. They used to service billboards, which we understand could be reinstalled if desired.

There is a separate 12 acre woodlot, just a few feet away, but not adjoining. A ROW gives access to this. It is a separate tax parcel so could be separated if someone wished, but it has always been considered a part of this property and the two parcels have always been conveyed together. The woodlot recently had selected hardwoods taken for lumber. It is mostly softwood and none of that was disturbed.

The price is $1700/acre – $140000 and taxes are just $1350.