Mixed-Use Buildings in Historic
135-139 Union Street, Montgomery, NY 12549
Commercial Building - Montgomery, NY
Property size:
3,228 SFLot size:
0.28 AcresPrice / SF:
$309/SF- Added:
- Mar 13, 2026
- Days on Market:
- 65
- Last Refresh:
- May 16 at 4:06 pm
Property Features for 135-139 Union Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Garage
- Standard status
- Active
- Size
- 3,228 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Annual Amount
- 10492
Utilities
- Heating system
- Baseboard
Building Details
- Year built
- 1954
- Year renovated
- 1954
- Floors in Building
- 2
- Architectural style
- Other
Listing agent Richard Baxter (845) 928-8000
Listing office KELLER WILLIAMS REALTY 69 Brookside Avenue Suite #225, CHESTER, NY (845) 344-2800
Listing date Mar 13, 2026
MLS# 11673237
Listing URL
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Prime investment opportunity in Montgomery's Historic District
- Two separate buildings offer both commercial and residential opportunities
- #135 Union St: Features a 2,104 sqft commercial space with kitchen, office, half bath, plus a 1,124 sqft, 3‑bedroom apartment above
- #139 Union St: Neighboring 782 sqft single‑family home with 2 bedrooms and 1 bathroom
- Excellent visibility and accessibility, half a mile from the village center
- Ample parking space for 20+ vehicles
Overview
This mixed-use property presents an investment opportunity in the historic district of Montgomery, New York. The property includes two separate buildings located approximately half a mile from the village center, offering visibility and accessibility. The location is surrounded by local restaurants such as Wards Bridge Inn, Wildfire Grill, and the City Winery, as well as village boutiques and shops, banking and postal services, the Montgomery Senior Center, Veterans Memorial Park, and Paul Jr. Designs Dog-Park. It is also near the Wallkill River and within the Valley Central School District. One of the buildings, located at 135 Union St, is currently utilized as a deli/pizzeria storefront, encompassing approximately 2,104 square feet. It features a kitchen, office, half bathroom, and parking space for 20+ vehicles. The second floor of this building contains a separate apartment with 3 bedrooms and 1 bathroom, measuring approximately 1,124 square feet. The neighboring single-family home at 139 Union St has 2 bedrooms and 1 bathroom, measuring approximately 782 square feet. The lot size is 0.28 acres and the total property size is 3,228 square feet.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$670.9K
NOI $60,381 @ 9.00% cap · cautious / downside scenario
Moderate
$862.6K
NOI $60,381 @ 7.00% cap · market / base-case scenario
Aggressive
$1.21M
NOI $60,381 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $113.9k | $35.28 |
| − Vacancy | −$4.1k | −$1.27 |
| EGI | $109.8k | $34.01 |
| − OpEx | −$49.4k | −$15.30 |
| NOI | $60.4k | $18.71 |
3,228 SF · lease $35.28/SF/yr · vacancy 3.60% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$862.6K
$754.8K – $1.01M
NOI $60,381 @ 7.0% cap · market cap 6.04%
Second Best
Retail
$561.3K
$491.1K – $654.8K
NOI $39,290 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.09M
$956.6K – $1.28M
NOI $76,530 @ 7.0% cap · market cap 7.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Montgomery
- County
- Orange
- State
- New York
- Longitude
- -74.24212
- Latitude
- 41.521061
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Two buildings with commercial and residential opportunities in Montgomery, NY.
Where is this mixed-use property located?
The property is located at 135-139 Union Street Montgomery, NY.
What is the asking price?
The asking price for this property is $999,999.
What are key features of this property?
This property features: Prime investment opportunity in Montgomery's Historic District; Two separate buildings offer both commercial and residential opportunities; #135 Union St: Features a 2,104 sqft commercial space with kitchen, office, half bath, plus a 1,124 sqft, 3‑bedroom apartment above
