RFQ Obtaining Real Estate Professional

The City of Amsterdam, New York is seeking Statements of Qualifications from licensed real estate professionals to list and sell a municipally owned property located at 20-22 Main Street. The City acquired this 7,800 square foot, 3-story mixed-use building through tax foreclosure in 2018 and received a $1 million grant through the Restore NY program in 2021 to renovate the property, which requires a 10% match from the purchaser. The City is looking to procure an agent with experience in commercial real estate sales and working with state economic development grants to assist in finding a buyer who can successfully complete the full gut rehabilitation project. Qualifications are due by March 22, 2024, with interviews of selected candidates the following week and the property listed on the MLS and CBRE by April 12, 2024. The City will prioritize respondents based on their experience selling commercial and municipally owned real estate, marketing strategy, and compensation expectations, which can include a traditional commission-based model or a flat fee service-based model.

This is not a Service-Disabled Veteran-Owned Set Aside contract, and the City has not awarded an identical or substantially similar procurement contract within the past five years. The property is located within Montgomery County, New York, and the City has not provided an estimated award value or budget range for this opportunity.